A person working as Jeweler in Grenada typically earns around 4,640 XCD per month. Salaries range from 2,460 XCD (lowest) to 7,060 XCD (highest).
This is the average monthly salary including housing, transport, and other benefits. Jeweler salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Jeweler salaries in Grenada range from 2,460 XCD per month (starting salary) to 7,060 XCD per month (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
The median salary is 4,190 XCD per month, which means that half (50%) of people working as Jeweler(s) are earning less than 4,190 XCD while the other half are earning more than 4,190 XCD. 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.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Jeweler(s) are earning less than 3,490 XCD while 75% of them are earning more than 3,490 XCD. Also from the diagram, 75% of Jeweler(s) are earning less than 4,740 XCD while 25% are earning more than 4,740 XCD.
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 2,740 XCD to 3,730 XCD. Approximatly 20% fall under the 2,740 XCD cap. Ten percent of wages are from 3,730 XCD to 4,170 XCD. Only 5% of people grossed 4,170 XCD or more.
|0 - 2 Years|
|2 - 5 Years||+23%|
|5 - 10 Years||+42%|
|10 - 15 Years||+17%|
|15 - 20 Years||+10%|
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 Jeweler salaries by experience level and this is what we found.
Employees with less than two years of experience makes approximately 2,830 XCD per month.
While someone with an experience level between two and five years is expected to earn 3,470 XCD per month, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 4,920 XCD per month, 42% more than someone with two to five years of experience.
Additionally, Jeweler whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,750 XCD per month, 17% 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 6,320 XCD per month, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 6,690 XCD per month, 6% more than people with fifteen to twenty years of experience.
|Certificate or Diploma||+61%|
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 Jeweler salaries by education level in order to make a comparison.
When the education level is High School, the average salary is 3,750 XCD per month.
While someone with a Certificate or Diploma gets a salary of 6,050 XCD per month, 61% more than someone having a High School degree.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Jeweler employees in Grenada earn 12% less than their female counterparts on average.
Jeweler(s) in Grenada are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
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.
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
Listed above are the average annual increase rates for each industry in Grenada for the year 2022. 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.
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
"Jeweler" is considered to be a moderate bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
66% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 34% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
|Average Salary 2019|
|Average Salary 2020||+3%|
|Average Salary 2021||+3%|
|Average Salary 2022||+1%|
Jeweler salaries in Grenada are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 1% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.
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.
The minimum pay rate per hour for 'Jeweler' in Grenada is 14 XCD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
The average salary for Jeweler is 10% less than that of Fashion and Apparel. Also, Fashion and Apparel salaries are 18% less than those of All Jobs.
|Job Title||Average Salary|
|Alterations Specialist||2,500 XCD||-46%|
|Bench Jeweler||2,160 XCD||-53%|
|Clothing and Textile Technologist||5,310 XCD||+14%|
|Cosmetology Educator||5,810 XCD||+25%|
|Diamond Setter||2,630 XCD||-43%|
|Fabric Manager||6,230 XCD||+34%|
|Fashion Design Manager||9,870 XCD||+110%|
|Fashion Merchandiser||3,860 XCD||-17%|
|Fashion Model||5,180 XCD||+12%|
|Freelance Fashion Stylist||9,410 XCD||+100%|
|Garment Technologist||4,980 XCD||+7%|
|Jewelry Mold Maker||3,230 XCD||-30%|
|Jewelry Polisher||2,020 XCD||-57%|
|Jewelry Sales||3,890 XCD||-16%|
|Plating Manager||6,240 XCD||+34%|
|Product Development Manager||10,300 XCD||+120%|
|Sewing Machine Operator||1,760 XCD||-62%|
|Shoe Sales||2,930 XCD||-37%|
|Supply Chain Manager||9,560 XCD||+110%|
|Tailor / Fitter||2,340 XCD||-50%|
|Trend Forecaster||5,900 XCD||+27%|
|Visual Merchandising Coordinator||3,990 XCD||-14%|
|Visual Merchandising Projects Manager||8,490 XCD||+83%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Grenada earn 7% more than their private sector counterparts on average across all sectors.
A good and competitive compensation would range anywhere between 4,190 XCD and 4,740 XCD. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.
The base salary for Jeweler in Grenada is ranges from 3,490 XCD to 4,740 XCD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.
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
©Salary Explorer 2023