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Insurance Appraiser Average Salary in Greenland 2020

How much money does an Insurance Appraiser make in Greenland?


Average Monthly Salary
27,800 DKK
( 334,000 DKK yearly)

LOW
13,100
DKK
AVERAGE
27,800
DKK
HIGH
44,000
DKK

A person working as an Insurance Appraiser in Greenland typically earns around 27,800 DKK per month. Salaries range from 13,100 DKK (lowest) to 44,000 DKK (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 Greenland

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

  • Salary Range

    Insurance Appraiser salaries in Greenland range from 13,100 DKK per month (minimum salary) to 44,000 DKK per month (maximum salary).

  • Median Salary

    The median salary is 29,500 DKK per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 29,500 DKK while the other half are earning more than 29,500 DKK. 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 19,200 DKK while 75% of them are earning more than 19,200 DKK. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 38,900 DKK while 25% are earning more than 38,900 DKK.


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 Greenland 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 15,100 DKK per month.

While someone with an experience level between two and five years is expected to earn 20,800 DKK per month, 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 29,600 DKK per month, 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, Insurance Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 36,100 DKK per month, 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 38,100 DKK 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 41,500 DKK per month, 9% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Greenland

0 - 2 Years
15,100 DKK
2 - 5 Years+38%
20,800 DKK
5 - 10 Years+42%
29,600 DKK
10 - 15 Years+22%
36,100 DKK
15 - 20 Years+6%
38,100 DKK
20+ Years+9%
41,500 DKK
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 Greenland 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 18,900 DKK per month.

While someone with a Bachelor's Degree gets a salary of 36,200 DKK per month, 91% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Greenland

Certificate or Diploma
18,900 DKK
Bachelor's Degree+91%
36,200 DKK
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 Greenland 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 Greenland earn 14% more than their female counterparts on average.

Male
29,800 DKK
Female-12%
26,200 DKK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Greenland for all Careers

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

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

Insurance Appraiser

Insurance Appraiser(s) in Greenland are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Greenland 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.

Greenland / 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 Greenland is 2%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in Greenland 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 Greenland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Greenland 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.

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.

Insurance Appraiser Average Hourly Wage in Greenland


160 DKK per hour

The average hourly wage (pay per hour) in Greenland is 160 DKK. This means that the average Insurance Appraiser in Greenland earns approximately 160 DKK 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 Greenland
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The average salary for Insurance Appraiser is 2% 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 Analyst37,800 DKK+36%
Actuarial Assistant26,200 DKK-6%
Actuary37,500 DKK+35%
Adjustment Insurance Clerk9,640 DKK-65%
Assistant Broker17,700 DKK-36%
Assistant Claims Manager29,700 DKK+7%
Associate Insurance Representative14,100 DKK-49%
Auditing Insurance Manager42,000 DKK+51%
Broker27,400 DKK-2%
Claim Advocacy Professional27,000 DKK-3%
Claims Adjuster10,400 DKK-63%
Claims Analyst14,300 DKK-49%
Claims Examiner14,100 DKK-49%
Claims Manager37,600 DKK+35%
Claims Processor9,750 DKK-65%
Claims Representative11,600 DKK-58%
Claims Resolution Specialist28,600 DKK+3%
Claims Supervisor28,300 DKK+2%
Complaints Specialist26,200 DKK-6%
Compliance Officer21,000 DKK-25%
Consultant28,300 DKK+2%
Eligibility Specialist28,200 DKK+1%
Insurance Account Manager33,700 DKK+21%
Insurance Accounts Executive28,600 DKK+3%
Insurance Agent15,800 DKK-43%
Insurance Analyst27,100 DKK-3%
Insurance Appraiser27,800 DKK-0%
Insurance Claims Clerk10,200 DKK-63%
Insurance Examiner24,700 DKK-11%
Insurance Investigator24,900 DKK-10%
Insurance Manager46,300 DKK+66%
Insurance Operations Manager47,200 DKK+70%
Insurance Policy Processing Clerk9,690 DKK-65%
Insurance Pricing Assistant20,600 DKK-26%
Insurance Program Manager34,100 DKK+23%
Insurance Project Manager36,100 DKK+30%
Insurance Quality Assurance Agent23,000 DKK-17%
Insurance Sales Agent16,900 DKK-39%
Insurance Sales Director45,600 DKK+64%
Insurance Team Leader28,200 DKK+1%
Insurance Underwriter20,000 DKK-28%
Loss Control Specialist25,900 DKK-7%
Loss Prevention Investigator27,400 DKK-2%
Loss Prevention Manager37,800 DKK+36%
Loss Prevention Specialist30,100 DKK+8%
Marine Underwriter21,200 DKK-24%
Medical Auditor27,300 DKK-2%
Monitoring and Performance Officer18,800 DKK-32%
Payment Services Specialist26,400 DKK-5%
Policy Change Director42,600 DKK+53%
Policy Change Supervisor29,000 DKK+4%
Policy Change Technician12,800 DKK-54%
Risk Analyst31,700 DKK+14%
Risk Management Director54,100 DKK+94%
Risk Management Supervisor34,400 DKK+24%
Risk Manager50,500 DKK+82%
Risk Modeling Manager49,700 DKK+79%
Title Insurance Typist23,200 DKK-17%
Training Manager30,900 DKK+11%

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 Greenland earn 21% more than their private sector counterparts on average across all sectors.

Private Sector
25,700 DKK
Public Sector+21%
31,100 DKK
Percentage increase and decrease are relative to the previous value

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