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Laboratory Technician Average Salary in Gibraltar 2021

How much money does a Laboratory Technician make in Gibraltar?


Average Yearly Salary
28,000 GIP
( 2,330 GIP monthly)

LOW
13,200
GIP
AVERAGE
28,000
GIP
HIGH
44,300
GIP

A person working as a Laboratory Technician in Gibraltar typically earns around 28,000 GIP per year. Salaries range from 13,200 GIP (lowest) to 44,300 GIP (highest).

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

Laboratory Technician Salary Distribution in Gibraltar

Median and salary distribution yearly Gibraltar Laboratory Technician
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The median, the maximum, the minimum, and the range

  • Salary Range

    Laboratory Technician salaries in Gibraltar range from 13,200 GIP per year (minimum salary) to 44,300 GIP per year (maximum salary).

  • Median Salary

    The median salary is 29,700 GIP per year, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 29,700 GIP while the other half are earning more than 29,700 GIP. 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 Laboratory Technician(s) are earning less than 19,300 GIP while 75% of them are earning more than 19,300 GIP. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 39,200 GIP while 25% are earning more than 39,200 GIP.


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

Laboratory Technician Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly Gibraltar Laboratory Technician
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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 Laboratory Technician salaries by experience level and this is what we found.

A Laboratory Technician with less than two years of experience makes approximately 15,200 GIP per year.

While someone with an experience level between two and five years is expected to earn 20,900 GIP per year, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 29,800 GIP per year, 42% 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, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 36,300 GIP per year, 22% 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 38,300 GIP per year, 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 41,800 GIP per year, 9% more than people with fifteen to twenty years of experience.


Laboratory Technician average salary change by experience in Gibraltar

0 - 2 Years
15,200 GIP
2 - 5 Years+38%
20,900 GIP
5 - 10 Years+42%
29,800 GIP
10 - 15 Years+22%
36,300 GIP
15 - 20 Years+6%
38,300 GIP
20+ Years+9%
41,800 GIP
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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Laboratory Technician Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level yearly Gibraltar Laboratory Technician
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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 Laboratory Technician salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Laboratory Technician is 20,900 GIP per year.

While someone with a Master's Degree gets a salary of 38,300 GIP per year, 83% more than someone having a Bachelor's Degree degree.


Laboratory Technician average salary difference by education level in Gibraltar

Bachelor's Degree
20,900 GIP
Master's Degree+83%
38,300 GIP
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Gibraltar costs anywhere from 16,900 Gibraltar Pound(s) to 50,700 Gibraltar Pound(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Laboratory Technician Salary Comparison By Gender

Salary comparison by gender yearly Gibraltar Laboratory Technician
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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 Laboratory Technician employees in Gibraltar earn 14% more than their female counterparts on average.

Male
30,000 GIP
Female-12%
26,400 GIP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Gibraltar for all Careers

Salary comparison by gender yearly Gibraltar
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Laboratory Technician Average Annual Salary Increment Percentage in Gibraltar

How much are annual salary increments in Gibraltar for Laboratory Technician(s)? How often do employees get salary raises?

Laboratory Technician

Laboratory Technician(s) in Gibraltar are likely to observe a salary increase of approximately 5% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Gibraltar Laboratory Technician
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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.

Gibraltar / 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 Gibraltar is 2%.

Annual Increment Rate By Industry 2020

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Gibraltar for the year 2020. 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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Laboratory Technician Bonus and Incentive Rates in Gibraltar

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Gibraltar Laboratory Technician
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A Laboratory Technician 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.

85% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 15% 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
15%
No Bonus
85%

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.

Laboratory Technician Average Hourly Wage in Gibraltar


13 GIP per hour

The average hourly wage (pay per hour) in Gibraltar is 13 GIP. This means that the average Laboratory Technician in Gibraltar earns approximately 13 GIP 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.

Laboratory Technician VS Other Jobs

Salary Comparison Between Laboratory Technician and Health and Medical yearly Gibraltar
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The average salary for Laboratory Technician is 45% less than that of Healthcare Technical. Also, Healthcare Technical salaries are 17% less than those of Health and Medical.

Salary comparison with similar jobs

Job TitleAverage Salary
Academic Clinician74,200 GIP+160%
Admitting Officer29,800 GIP+6%
Ambulance Dispatcher28,500 GIP+2%
Ambulance Driver28,400 GIP+1%
Ambulance Officer and Paramedic30,500 GIP+9%
Ambulatory Services Director61,100 GIP+120%
Anatomic Pathology Supervisor64,900 GIP+130%
Anesthesia Technician43,300 GIP+55%
Anesthesiologist121,000 GIP+330%
Anesthesiology Assistant43,700 GIP+56%
Assistant Optometrist34,300 GIP+22%
Audiologist67,900 GIP+140%
Biomedical Engineering Director54,400 GIP+94%
Biomedical Engineering Technician28,100 GIP+0%
Cardiac Technician26,700 GIP-5%
Cardiovascular Specialist145,000 GIP+420%
Cardiovascular Technologist59,900 GIP+110%
Central Sterile Processing Technician32,900 GIP+17%
Charge Entry Specialist37,500 GIP+34%
Clinical Application Specialist36,600 GIP+31%
Clinical Biochemist69,900 GIP+150%
Clinical Cytogeneticist58,600 GIP+110%
Clinical Data Reviewer36,000 GIP+29%
Clinical Development Specialist44,200 GIP+58%
Clinical Field Associate34,800 GIP+24%
Clinical Genetic Technologist59,700 GIP+110%
Clinical Microbiologist75,800 GIP+170%
Clinical Molecular Geneticist62,100 GIP+120%
Clinical Neuropsychologist77,900 GIP+180%
Clinical Research Coordinator42,300 GIP+51%
Clinical Scientist74,900 GIP+170%
CME Specialist61,100 GIP+120%
CT Technologist35,200 GIP+26%
Cytogenetic Technologist51,600 GIP+84%
Diagnostic Medical Sonographer42,700 GIP+52%
Dispensing Optician36,700 GIP+31%
Dosimetrist50,000 GIP+79%
EKG Technician36,100 GIP+29%
Endoscopic Assistant31,500 GIP+12%
Endoscopy Technician29,900 GIP+7%
Enterostomal Therapist52,400 GIP+87%
Epidemiologist63,700 GIP+130%
FGP Ultrasound Techncian31,700 GIP+13%
Health Systems Specialist46,900 GIP+67%
Health Technologist51,800 GIP+85%
Healthcare Data Analyst37,900 GIP+35%
Hearing Aid Specialist41,500 GIP+48%
Histotechnologist46,600 GIP+66%
Immunologist73,500 GIP+160%
Industrial Hygienist50,100 GIP+79%
Infection Control Coordinator36,000 GIP+29%
Infection Control Practitioner78,800 GIP+180%
Infection Preventionist55,600 GIP+99%
Informatics Practice Specialist44,200 GIP+58%
Interventional Radiographer63,600 GIP+130%
Lab Assistant29,600 GIP+6%
Laboratory Manager54,200 GIP+94%
Laboratory Technician28,000 GIP-0%
Low Vision Therapist66,300 GIP+140%
Mammography Technician30,400 GIP+9%
Medical Coder26,400 GIP-6%
Medical Courier20,300 GIP-28%
Medical Equipment Preparer30,000 GIP+7%
Medical Forms Designer24,900 GIP-11%
Medical Technologist31,900 GIP+14%
MRI Technologist30,900 GIP+10%
Music Therapist44,600 GIP+59%
Neonatologist85,400 GIP+200%
Neurodiagnostic Techncian31,300 GIP+12%
Neuropsychology Testing Assistant26,500 GIP-5%
Nuclear Medical Technician42,300 GIP+51%
Nuclear Medicine Technolgoist42,000 GIP+50%
Nutrition Assistant29,900 GIP+7%
Occupaitional Therapy Assistant32,600 GIP+16%
Operating Room Scheduler27,500 GIP-2%
Operating Room Services Director83,800 GIP+200%
Ophthalmic Assistant31,400 GIP+12%
Ophthalmic Laboratory Technician34,100 GIP+22%
Optician65,200 GIP+130%
Orthopedic Technician33,900 GIP+21%
Orthoptist87,000 GIP+210%
Orthotist85,500 GIP+210%
Pathology Assistant31,400 GIP+12%
Perfusionist96,500 GIP+240%
Phlebotomist22,500 GIP-20%
Pre Authorization Case Manager43,500 GIP+55%
Prosthetist75,100 GIP+170%
Radiation Therapist108,000 GIP+290%
Radiation Therapy Technologist43,300 GIP+55%
Radiographer72,200 GIP+160%
Radiography Technologist42,500 GIP+52%
Radiologic Technologist45,200 GIP+61%
Radiology Technologist44,200 GIP+58%
Respiratory Care Practitioner85,900 GIP+210%
Respiratory Therapist59,000 GIP+110%
Respiratory Therapy Technician37,200 GIP+33%
Sonographer46,000 GIP+64%
Sonography Technologist42,700 GIP+52%
Speech and Language Pathologist65,000 GIP+130%
Ultrasonographer36,800 GIP+31%
Ultrasound Technologist32,600 GIP+16%
Vascular Technologist30,800 GIP+10%
X-Ray Technologist42,600 GIP+52%

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 Gibraltar earn 18% more than their private sector counterparts on average across all sectors.

Private Sector
36,500 GIP
Public Sector+18%
43,000 GIP
Percentage increase and decrease are relative to the previous value
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