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Oil / Gas / Energy / Mining Average Salaries in Grenada 2023

How much money does a person working in Oil / Gas / Energy / Mining make in Grenada?

Average Monthly Salary
5,640 XCD
( 67,700 XCD yearly)

All salary figures displayed here are per month except when noted otherwise.
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 salary after tax for every career.

A person working in Oil / Gas / Energy / Mining in Grenada typically earns around 5,640 XCD. Salaries range from 2,050 XCD (lowest average) to 13,100 XCD (highest average, actual maximum salary is higher).

Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Oil / Gas / Energy / Mining domain in Grenada exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Assistant Yard Manager5,190 XCD
Associate Analyst5,880 XCD
Associate Landman2,470 XCD
Auxiliary Equipment Operator2,280 XCD
Biomass Plant Technician2,750 XCD
Biomass Power Plant Manager7,770 XCD
Chemical Plant Operator4,560 XCD
Chief Contract Compliance Engineer5,660 XCD
Completions Engineer5,450 XCD
Cost Controller4,160 XCD
Crude Oil Marketing Representative5,910 XCD
Dispatcher2,310 XCD
Distribution Manager7,540 XCD
Dragline Operator2,720 XCD
Driller Offsider2,060 XCD
Dump Truck Driver2,100 XCD
Electric and Gas Operations Manager13,100 XCD
Energy Advisor8,600 XCD
Energy Analyst8,160 XCD
Energy Auditor7,090 XCD
Energy Dispatch Director9,740 XCD
Energy Technical Assistant3,580 XCD
Energy Technical Manager6,600 XCD
Energy Technical Trainer4,610 XCD
Exploration Manager9,750 XCD
Field Safety Auditor6,450 XCD
Fluids Engineer5,250 XCD
Fuel Cell Engineer5,670 XCD
Fuel Cell Technician2,670 XCD
Fuels Handler2,560 XCD
Gas Compressor Operator2,360 XCD
Gas Distribution Plant Operator4,310 XCD
Gas Supply Manager8,240 XCD
Geologist9,600 XCD
Geophysicist9,740 XCD
Geothermal Production Manager9,360 XCD
Geothermal Technician3,780 XCD
HSE Engineer5,420 XCD
HSE Officer3,250 XCD
HSEQ Administrator3,970 XCD
Inspector4,980 XCD
Instructor4,350 XCD
Instrument Designer4,440 XCD
Lead Technical Field Advisor7,070 XCD
Logistics and Tool Coordinator4,650 XCD
Maintenance Engineer5,490 XCD
Maintenance Superintendent4,980 XCD
Material Controller3,590 XCD
Mine Engineer5,090 XCD
Mine Surveyor6,330 XCD
Mining Project Administrator4,900 XCD
Mining Project Assistant3,740 XCD
Mining Project Controls Consultant5,830 XCD
Mining Project Coordinator4,700 XCD
Mining Project Engineer5,390 XCD
Mining Project Manager6,840 XCD
Mining Site Manager7,320 XCD
Mining Team Leader5,960 XCD
NDT Technician3,500 XCD
Oil Service Unit Operator2,950 XCD
Oil Trader7,380 XCD
Oilwell Pumper2,160 XCD
Petroleum Engineer 6,010 XCD
Petroleum Geologist10,200 XCD
Petroleum Pump System Operator2,980 XCD
Pipeline Technician2,140 XCD
Power Coordinator3,390 XCD
Power Plant Operations Manager10,800 XCD
Power Plant Operator4,340 XCD
Radio Operator2,380 XCD
Reliability Engineer5,310 XCD
Reservoir Engineer5,090 XCD
Risk Analyst6,590 XCD
Roughneck5,740 XCD
Scaffolder3,720 XCD
Shutdown Engineer4,470 XCD
Solar Energy Installation Manager7,870 XCD
Solar Energy Systems Engineer5,460 XCD
Solar Photovoltaic Installer3,760 XCD
Solar Thermal Technician3,520 XCD
Supply Operations Manager9,070 XCD
Sustainability Specialist9,120 XCD
System Development Advisor6,380 XCD
Tanker Truck Driver2,170 XCD
Utility Operator3,080 XCD
Wind Energy Project Manager7,670 XCD

Oil / Gas / Energy / Mining Jobs Pay Scale and Salaries in Grenada

Median and salary distribution Grenada Oil / Gas / Energy / Mining monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
6,520 XCD or more
10% of people earn
5,410 to 6,520 XCD
20% of people earn
2,960 XCD or less
65% of people earn
2,960 to 5,410 XCD
Minimum Salary
2,050 XCD
5,160 XCD
13,100 XCD

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Oil / Gas / Energy / Mining in Grenada range from 2,050 XCD (starting average salary) to 13,100 XCD (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Oil / Gas / Energy / Mining is 5,160 XCD, implying that half of the workforce in Grenada earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Oil / Gas / Energy / Mining in Grenada earn less than 3,960 XCD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 6,450 XCD, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Oil / Gas / Energy / Mining in Grenada. The analysis revealed that roughly 65% of all reported salaries fell within the range of 2,960 XCD to 5,410 XCD. Approximately 20% of salaries were below the 2,960 XCD mark, while 10% ranged from 5,410 XCD to 6,520 XCD. Only 5% of individuals earned a gross salary of 6,520 XCD or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.

Generally speaking, employees in Oil / Gas / Energy / Mining in Grenada having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Oil / Gas / Energy / Mining in Grenada, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.

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 Grenada costs anywhere from 31,300 XCD to 94,000 XCD and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.

Salary and Compensation Comparison By Gender / Oil / Gas / Energy / Mining / Grenada

Salary comparison by gender Grenada Oil / Gas / Energy / Mining monthly
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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? In the field of Oil / Gas / Energy / Mining in Grenada, the average difference between the salary of male and female employees is 11%.

5,880 XCD
5,280 XCD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Grenada for all Careers

Salary comparison by gender monthly Grenada
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Average Annual Salary Increment Percentage / Oil / Gas / Energy / Mining / Grenada

How much are annual salary increments in Grenada for individuals working in Oil / Gas / Energy / Mining? How often do employees get salary raises?

Professionals working in Oil / Gas / Energy / Mining in Grenada are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Grenada Oil / Gas / Energy / Mining
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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.

Grenada / All Professions

Annual Salary Increment Rate Grenada
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 Grenada is 2%.

Annual Increment Rate By Industry 2022

Information Technology

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.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

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.

Bonus and Incentive Rates / Oil / Gas / Energy / Mining / Grenada

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Grenada Oil / Gas / Energy / Mining
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64% of surveyed staff in Oil / Gas / Energy / Mining reported that they haven't received any bonuses or incentives in the previous year while 36% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Salary Forecast and Trend / Oil / Gas / Energy / Mining / Grenada

How are salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Average Salary 2019
5,010 XCD
Average Salary 2020+4%
5,200 XCD
Average Salary 2021+3%
5,340 XCD
Average Salary 2022+2%
5,440 XCD
Percentage increase and decrease are relative to the previous value

Salaries for individuals working in Oil / Gas / Energy / Mining in Grenada are rising in the year 2023 based on recently submitted salaries and reports. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from one industry to another.

Salary trends and forecast monthly Grenada Oil / Gas / Energy / Mining
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Hourly Average Wage / Oil / Gas / Energy / Mining / Grenada

33 XCD per hour

The average hourly wage (pay per hour) in Oil / Gas / Energy / Mining in Grenada is 33 XCD.This is the rate they get paid for every worked hour.

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

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Oil / Gas / Energy / Mining in Grenada is 12 XCD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Oil / Gas / Energy / Mining VS Other Jobs

5,640 XCD
6,270 XCD
Average Salary
Oil / Gas / Energy / Mining
Average Salary
All Jobs
Salary Comparison Between Oil / Gas / Energy / Mining and Oil / Gas / Energy / Mining monthly Grenada
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Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Grenada is 7% on average across all career fields.

Private Sector
6,020 XCD
Public Sector+7%
6,450 XCD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Oil / Gas / Energy / Mining in Grenada?

A good and competitive compensation would range anywhere between 5,160 XCD and 6,450 XCD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

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 salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Oil / Gas / Energy / Mining in Grenada ranges from 3,960 XCD to 6,450 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 with a grain of salt.

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

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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

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