Oil / Gas / Energy / Mining Average Salaries in Grenada 2023
How much money does a person working in Oil / Gas / Energy / Mining make in Grenada?
LOW
2,050
XCD AVERAGE
5,640
XCD HIGH
13,100
XCD
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 Title | Average Salary |
| Assistant Yard Manager | 5,190 XCD |
| Associate Analyst | 5,880 XCD |
| Associate Landman | 2,470 XCD |
| Auxiliary Equipment Operator | 2,280 XCD |
| Biomass Plant Technician | 2,750 XCD |
| Biomass Power Plant Manager | 7,770 XCD |
| Chemical Plant Operator | 4,560 XCD |
| Chief Contract Compliance Engineer | 5,660 XCD |
| Completions Engineer | 5,450 XCD |
| Cost Controller | 4,160 XCD |
| Crude Oil Marketing Representative | 5,910 XCD |
| Dispatcher | 2,310 XCD |
| Distribution Manager | 7,540 XCD |
| Dragline Operator | 2,720 XCD |
| Driller Offsider | 2,060 XCD |
| Dump Truck Driver | 2,100 XCD |
| Electric and Gas Operations Manager | 13,100 XCD |
| Energy Advisor | 8,600 XCD |
| Energy Analyst | 8,160 XCD |
| Energy Auditor | 7,090 XCD |
| Energy Dispatch Director | 9,740 XCD |
| Energy Technical Assistant | 3,580 XCD |
| Energy Technical Manager | 6,600 XCD |
| Energy Technical Trainer | 4,610 XCD |
| Exploration Manager | 9,750 XCD |
| Field Safety Auditor | 6,450 XCD |
| Fluids Engineer | 5,250 XCD |
| Fuel Cell Engineer | 5,670 XCD |
| Fuel Cell Technician | 2,670 XCD |
| Fuels Handler | 2,560 XCD |
| Gas Compressor Operator | 2,360 XCD |
| Gas Distribution Plant Operator | 4,310 XCD |
| Gas Supply Manager | 8,240 XCD |
| Geologist | 9,600 XCD |
| Geophysicist | 9,740 XCD |
| Geothermal Production Manager | 9,360 XCD |
| Geothermal Technician | 3,780 XCD |
| HSE Engineer | 5,420 XCD |
| HSE Officer | 3,250 XCD |
| HSEQ Administrator | 3,970 XCD |
| Inspector | 4,980 XCD |
| Instructor | 4,350 XCD |
| Instrument Designer | 4,440 XCD |
| Lead Technical Field Advisor | 7,070 XCD |
| Logistics and Tool Coordinator | 4,650 XCD |
| Maintenance Engineer | 5,490 XCD |
| Maintenance Superintendent | 4,980 XCD |
| Material Controller | 3,590 XCD |
| Mine Engineer | 5,090 XCD |
| Mine Surveyor | 6,330 XCD |
| Mining Project Administrator | 4,900 XCD |
| Mining Project Assistant | 3,740 XCD |
| Mining Project Controls Consultant | 5,830 XCD |
| Mining Project Coordinator | 4,700 XCD |
| Mining Project Engineer | 5,390 XCD |
| Mining Project Manager | 6,840 XCD |
| Mining Site Manager | 7,320 XCD |
| Mining Team Leader | 5,960 XCD |
| NDT Technician | 3,500 XCD |
| Oil Service Unit Operator | 2,950 XCD |
| Oil Trader | 7,380 XCD |
| Oilwell Pumper | 2,160 XCD |
| Petroleum Engineer | 6,010 XCD |
| Petroleum Geologist | 10,200 XCD |
| Petroleum Pump System Operator | 2,980 XCD |
| Pipeline Technician | 2,140 XCD |
| Power Coordinator | 3,390 XCD |
| Power Plant Operations Manager | 10,800 XCD |
| Power Plant Operator | 4,340 XCD |
| Radio Operator | 2,380 XCD |
| Reliability Engineer | 5,310 XCD |
| Reservoir Engineer | 5,090 XCD |
| Risk Analyst | 6,590 XCD |
| Roughneck | 5,740 XCD |
| Scaffolder | 3,720 XCD |
| Shutdown Engineer | 4,470 XCD |
| Solar Energy Installation Manager | 7,870 XCD |
| Solar Energy Systems Engineer | 5,460 XCD |
| Solar Photovoltaic Installer | 3,760 XCD |
| Solar Thermal Technician | 3,520 XCD |
| Supply Operations Manager | 9,070 XCD |
| Sustainability Specialist | 9,120 XCD |
| System Development Advisor | 6,380 XCD |
| Tanker Truck Driver | 2,170 XCD |
| Utility Operator | 3,080 XCD |
| Wind Energy Project Manager | 7,670 XCD |
Oil / Gas / Energy / Mining Jobs Pay Scale and Salaries in Grenada
Salary Structure and Pay Scale Comparison
6,520 XCD or more
5,410 to 6,520 XCD
2,960 XCD or less
2,960 to 5,410 XCD
 2,050 XCD |
5,160 XCD |
13,100 XCD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
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?
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.
Salary Comparison By Education
How does the education level affect your salary?
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
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%.
| Male | 5,880 XCD | |
| Female | -10% | 5,280 XCD |
Salary Comparison By Gender in Grenada for all Careers
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.
Grenada / All Professions
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
Annual Increment Rate By Industry 2022
| Banking | 5% | |
| Energy | 1% | |
| Information Technology | 6% | |
| Healthcare | 2% | |
| Travel | 7% | |
| Construction | 3% | |
| Education | 8% |
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
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?
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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 | 36% | |
| No Bonus | 64% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 |
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.
Hourly Average Wage / Oil / Gas / Energy / Mining / Grenada
33 XCD per hourThe 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.
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
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 |
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
