A person working in Oil / Gas / Energy / Mining in Grenada typically earns around 5,640 XCD per month. Salaries range from 2,050 XCD (lowest average) to 13,100 XCD (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Oil / Gas / Energy / Mining careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
|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|
|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|
|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|
|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|
|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 salaries in Grenada range from 2,050 XCD per month (minimum average salary) to 13,100 XCD per month (maximum average salary, actual maximum is higher).
The median salary is 5,760 XCD per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 5,760 XCD while the other half are earning more than 5,760 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 people working in Oil / Gas / Energy / Mining are earning less than 3,510 XCD while 75% of them are earning more than 3,510 XCD. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 9,590 XCD while 25% are earning more than 9,590 XCD.
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
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 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.
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 degrees levels across many jobs, 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 cerificate 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.
A Master's degree program or any post-graduate program in Grenada costs anywhere from 31,300 East Caribbean Dollar(s) to 94,000 East Caribbean Dollar(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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Grenada who work in Oil / Gas / Energy / Mining earn 11% more than their female counterparts on average.
Oil / Gas / Energy / Mining professionals 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.
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 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.
Oil / Gas / Energy / Mining is considered to be a moderate bonus-based field 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.
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.
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.
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 average salary for Oil / Gas / Energy / Mining is 10% less than that of All Jobs.
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.