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Insurance Appraiser Average Salary in Georgia 2020

How much money does an Insurance Appraiser make in Georgia?


Average Monthly Salary
6,380 GEL
( 76,600 GEL yearly)

LOW
3,060
GEL
AVERAGE
6,380
GEL
HIGH
10,000
GEL

A person working as an Insurance Appraiser in Georgia typically earns around 6,380 GEL per month. Salaries range from 3,060 GEL (lowest) to 10,000 GEL (highest).

This is the average monthly salary including housing, transport, and other benefits. Insurance Appraiser salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Insurance Appraiser Salary Distribution in Georgia

Median and salary distribution monthly Georgia Insurance Appraiser
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in Georgia range from 3,060 GEL per month (minimum salary) to 10,000 GEL per month (maximum salary).

  • Median Salary

    The median salary is 6,640 GEL per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 6,640 GEL while the other half are earning more than 6,640 GEL. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Insurance Appraiser(s) are earning less than 4,370 GEL while 75% of them are earning more than 4,370 GEL. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 8,660 GEL while 25% are earning more than 8,660 GEL.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Insurance Appraiser Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Georgia Insurance Appraiser
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Insurance Appraiser salaries by experience level and this is what we found.

An Insurance Appraiser with less than two years of experience makes approximately 3,590 GEL per month.

While someone with an experience level between two and five years is expected to earn 5,080 GEL per month, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 6,680 GEL per month, 31% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Insurance Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 8,210 GEL per month, 23% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 8,730 GEL per month, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 9,570 GEL per month, 10% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Georgia

0 - 2 Years
3,590 GEL
2 - 5 Years+42%
5,080 GEL
5 - 10 Years+31%
6,680 GEL
10 - 15 Years+23%
8,210 GEL
15 - 20 Years+6%
8,730 GEL
20+ Years+10%
9,570 GEL
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Insurance Appraiser Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Insurance Appraiser(s) who have the same experience but different education levels.

Salary comparison by education level monthly Georgia Insurance Appraiser
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Insurance Appraiser salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Insurance Appraiser is 4,800 GEL per month.

While someone with a Bachelor's Degree gets a salary of 9,110 GEL per month, 90% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Georgia

Certificate or Diploma
4,800 GEL
Bachelor's Degree+90%
9,110 GEL
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Insurance Appraiser Salary Comparison By Gender

Salary comparison by gender monthly Georgia Insurance Appraiser
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Insurance Appraiser employees in Georgia earn 6% more than their female counterparts on average.

Male
6,600 GEL
Female-5%
6,240 GEL
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Georgia for all Careers

Salary comparison by gender monthly Georgia
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Insurance Appraiser Average Annual Salary Increment Percentage in Georgia

How much are annual salary increments in Georgia for Insurance Appraiser(s)? How often do employees get salary raises?

Insurance Appraiser

Insurance Appraiser(s) in Georgia are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Georgia Insurance Appraiser
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Georgia / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Georgia is 2%.

Annual Increment Rate By Industry 2019

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Georgia for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Insurance Appraiser Bonus and Incentive Rates in Georgia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Georgia Insurance Appraiser
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An Insurance Appraiser is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

86% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 14% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
14%
No Bonus
86%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Insurance Appraiser Average Hourly Wage in Georgia


37 GEL per hour

The average hourly wage (pay per hour) in Georgia is 37 GEL. This means that the average Insurance Appraiser in Georgia earns approximately 37 GEL for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Insurance Appraiser VS Other Jobs

Salary Comparison Between Insurance Appraiser and Insurance monthly Georgia
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The average salary for Insurance Appraiser is 6% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst9,030 GEL+42%
Actuarial Assistant6,230 GEL-2%
Actuary8,330 GEL+31%
Adjustment Insurance Clerk2,310 GEL-64%
Assistant Broker3,930 GEL-38%
Assistant Claims Manager7,280 GEL+14%
Associate Insurance Representative3,310 GEL-48%
Auditing Insurance Manager10,000 GEL+57%
Broker6,250 GEL-2%
Claim Advocacy Professional6,780 GEL+6%
Claims Adjuster2,460 GEL-61%
Claims Analyst3,380 GEL-47%
Claims Examiner3,310 GEL-48%
Claims Manager8,790 GEL+38%
Claims Processor2,510 GEL-61%
Claims Representative2,780 GEL-56%
Claims Resolution Specialist7,140 GEL+12%
Claims Supervisor6,560 GEL+3%
Complaints Specialist6,070 GEL-5%
Compliance Officer5,230 GEL-18%
Consultant6,560 GEL+3%
Eligibility Specialist6,510 GEL+2%
Insurance Account Manager7,960 GEL+25%
Insurance Accounts Executive7,140 GEL+12%
Insurance Agent3,700 GEL-42%
Insurance Analyst6,220 GEL-3%
Insurance Appraiser6,380 GEL-0%
Insurance Claims Clerk2,310 GEL-64%
Insurance Examiner6,190 GEL-3%
Insurance Investigator6,230 GEL-2%
Insurance Manager11,100 GEL+74%
Insurance Operations Manager11,500 GEL+80%
Insurance Policy Processing Clerk2,410 GEL-62%
Insurance Pricing Assistant5,110 GEL-20%
Insurance Program Manager8,490 GEL+33%
Insurance Project Manager8,370 GEL+31%
Insurance Quality Assurance Agent5,370 GEL-16%
Insurance Sales Agent3,780 GEL-41%
Insurance Sales Director10,800 GEL+69%
Insurance Team Leader6,830 GEL+7%
Insurance Underwriter5,020 GEL-21%
Loss Control Specialist6,270 GEL-2%
Loss Prevention Investigator6,620 GEL+4%
Loss Prevention Manager9,070 GEL+42%
Loss Prevention Specialist7,190 GEL+13%
Marine Underwriter4,920 GEL-23%
Medical Auditor6,560 GEL+3%
Monitoring and Performance Officer4,400 GEL-31%
Payment Services Specialist6,380 GEL-0%
Policy Change Director9,720 GEL+52%
Policy Change Supervisor7,280 GEL+14%
Policy Change Technician3,200 GEL-50%
Risk Analyst7,090 GEL+11%
Risk Management Director12,000 GEL+88%
Risk Management Supervisor8,430 GEL+32%
Risk Manager12,300 GEL+93%
Risk Modeling Manager12,100 GEL+90%
Title Insurance Typist5,660 GEL-11%
Training Manager6,870 GEL+8%

Salary Comparison By City

CityAverage Salary
Batumi6,530 GEL
Tbilisi7,060 GEL

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Georgia earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
6,270 GEL
Public Sector+17%
7,350 GEL
Percentage increase and decrease are relative to the previous value

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