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Eligibility Specialist Average Salary in Guatemala 2020

How much money does an Eligibility Specialist make in Guatemala?


Average Monthly Salary
10,100 GTQ
( 122,000 GTQ yearly)

LOW
4,670
GTQ
AVERAGE
10,100
GTQ
HIGH
16,100
GTQ

A person working as an Eligibility Specialist in Guatemala typically earns around 10,100 GTQ per month. Salaries range from 4,670 GTQ (lowest) to 16,100 GTQ (highest).

This is the average monthly salary including housing, transport, and other benefits. Eligibility Specialist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Eligibility Specialist Salary Distribution in Guatemala

Median and salary distribution monthly Guatemala Eligibility Specialist
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The median, the maximum, the minimum, and the range

  • Salary Range

    Eligibility Specialist salaries in Guatemala range from 4,670 GTQ per month (minimum salary) to 16,100 GTQ per month (maximum salary).

  • Median Salary

    The median salary is 11,000 GTQ per month, which means that half (50%) of people working as Eligibility Specialist(s) are earning less than 11,000 GTQ while the other half are earning more than 11,000 GTQ. 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 Eligibility Specialist(s) are earning less than 7,030 GTQ while 75% of them are earning more than 7,030 GTQ. Also from the diagram, 75% of Eligibility Specialist(s) are earning less than 14,600 GTQ while 25% are earning more than 14,600 GTQ.


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

Eligibility Specialist Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Guatemala Eligibility Specialist
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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 Eligibility Specialist salaries by experience level and this is what we found.

An Eligibility Specialist with less than two years of experience makes approximately 5,300 GTQ per month.

While someone with an experience level between two and five years is expected to earn 7,070 GTQ per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 10,500 GTQ per month, 48% 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, Eligibility Specialist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 12,700 GTQ 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 13,900 GTQ per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 15,000 GTQ per month, 8% more than people with fifteen to twenty years of experience.


Eligibility Specialist average salary change by experience in Guatemala

0 - 2 Years
5,300 GTQ
2 - 5 Years+34%
7,070 GTQ
5 - 10 Years+48%
10,500 GTQ
10 - 15 Years+22%
12,700 GTQ
15 - 20 Years+9%
13,900 GTQ
20+ Years+8%
15,000 GTQ
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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Eligibility Specialist Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Eligibility Specialist(s) who have the same experience but different education levels.

Salary comparison by education level monthly Guatemala Eligibility Specialist
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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 Eligibility Specialist salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of an Eligibility Specialist is 6,160 GTQ per month.

While someone with a Master's Degree gets a salary of 11,900 GTQ per month, 93% more than someone having a Bachelor's Degree degree.


Eligibility Specialist average salary difference by education level in Guatemala

Bachelor's Degree
6,160 GTQ
Master's Degree+93%
11,900 GTQ
Percentage increase and decrease are relative to the previous value

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 Guatemala costs anywhere from 52,400 Quetzal(s) to 157,000 Quetzal(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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Eligibility Specialist Salary Comparison By Gender

Salary comparison by gender monthly Guatemala Eligibility Specialist
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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 Eligibility Specialist employees in Guatemala earn 17% more than their female counterparts on average.

Male
10,900 GTQ
Female-14%
9,360 GTQ
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Guatemala for all Careers

Salary comparison by gender monthly Guatemala
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Eligibility Specialist Average Annual Salary Increment Percentage in Guatemala

How much are annual salary increments in Guatemala for Eligibility Specialist(s)? How often do employees get salary raises?

Eligibility Specialist

Eligibility Specialist(s) in Guatemala are likely to observe a salary increase of approximately 10% every 19 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.

Annual Salary Increment Rate Guatemala Eligibility Specialist
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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.

Guatemala / 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 Guatemala is 4%.

Annual Increment Rate By Industry 2019

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Guatemala 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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Eligibility Specialist Bonus and Incentive Rates in Guatemala

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Guatemala Eligibility Specialist
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An Eligibility Specialist 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.

69% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 31% 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
31%
No Bonus
69%

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.

Eligibility Specialist Average Hourly Wage in Guatemala


59 GTQ per hour

The average hourly wage (pay per hour) in Guatemala is 59 GTQ. This means that the average Eligibility Specialist in Guatemala earns approximately 59 GTQ 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.

Eligibility Specialist VS Other Jobs

Salary Comparison Between Eligibility Specialist and Insurance monthly Guatemala
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The average salary for Eligibility Specialist is 3% 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 Analyst13,200 GTQ+30%
Actuarial Assistant9,200 GTQ-9%
Actuary14,100 GTQ+39%
Adjustment Insurance Clerk3,710 GTQ-63%
Assistant Broker6,410 GTQ-37%
Assistant Claims Manager10,600 GTQ+4%
Associate Insurance Representative5,280 GTQ-48%
Auditing Insurance Manager14,700 GTQ+45%
Broker10,500 GTQ+3%
Claim Advocacy Professional10,600 GTQ+4%
Claims Adjuster3,630 GTQ-64%
Claims Analyst5,020 GTQ-51%
Claims Examiner5,490 GTQ-46%
Claims Manager14,700 GTQ+45%
Claims Processor3,840 GTQ-62%
Claims Representative4,640 GTQ-54%
Claims Resolution Specialist11,300 GTQ+11%
Claims Supervisor10,100 GTQ-0%
Complaints Specialist9,000 GTQ-11%
Compliance Officer8,180 GTQ-19%
Consultant9,530 GTQ-6%
Eligibility Specialist10,100 GTQ-0%
Insurance Account Manager12,600 GTQ+24%
Insurance Accounts Executive11,100 GTQ+9%
Insurance Agent5,970 GTQ-41%
Insurance Analyst9,790 GTQ-3%
Insurance Appraiser10,200 GTQ+1%
Insurance Claims Clerk3,750 GTQ-63%
Insurance Examiner9,150 GTQ-10%
Insurance Investigator9,290 GTQ-8%
Insurance Manager17,100 GTQ+69%
Insurance Operations Manager17,500 GTQ+72%
Insurance Policy Processing Clerk3,630 GTQ-64%
Insurance Pricing Assistant8,320 GTQ-18%
Insurance Program Manager13,600 GTQ+34%
Insurance Project Manager12,200 GTQ+20%
Insurance Quality Assurance Agent9,000 GTQ-11%
Insurance Sales Agent5,740 GTQ-43%
Insurance Sales Director16,000 GTQ+58%
Insurance Team Leader11,000 GTQ+8%
Insurance Underwriter7,870 GTQ-22%
Loss Control Specialist9,480 GTQ-7%
Loss Prevention Investigator10,100 GTQ-0%
Loss Prevention Manager14,000 GTQ+38%
Loss Prevention Specialist11,200 GTQ+10%
Marine Underwriter7,600 GTQ-25%
Medical Auditor10,100 GTQ-0%
Monitoring and Performance Officer6,950 GTQ-31%
Payment Services Specialist9,730 GTQ-4%
Policy Change Director15,400 GTQ+52%
Policy Change Supervisor10,500 GTQ+3%
Policy Change Technician4,670 GTQ-54%
Risk Analyst11,700 GTQ+15%
Risk Management Director20,000 GTQ+97%
Risk Management Supervisor12,800 GTQ+26%
Risk Manager18,800 GTQ+85%
Risk Modeling Manager18,600 GTQ+83%
Title Insurance Typist8,650 GTQ-15%
Training Manager11,200 GTQ+10%

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 Guatemala earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
10,000 GTQ
Public Sector+11%
11,100 GTQ
Percentage increase and decrease are relative to the previous value

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