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Insurance Appraiser Average Salary in Antigua and Barbuda 2020

How much money does an Insurance Appraiser make in Antigua and Barbuda?


Average Monthly Salary
4,680 XCD
( 56,200 XCD yearly)

LOW
2,150
XCD
AVERAGE
4,680
XCD
HIGH
7,450
XCD

A person working as an Insurance Appraiser in Antigua and Barbuda typically earns around 4,680 XCD per month. Salaries range from 2,150 XCD (lowest) to 7,450 XCD (highest).

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

Insurance Appraiser Salary Distribution in Antigua and Barbuda

Median and salary distribution monthly Antigua and Barbuda Insurance Appraiser
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in Antigua and Barbuda range from 2,150 XCD per month (minimum salary) to 7,450 XCD per month (maximum salary).

  • Median Salary

    The median salary is 5,060 XCD per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 5,060 XCD while the other half are earning more than 5,060 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.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Insurance Appraiser(s) are earning less than 3,250 XCD while 75% of them are earning more than 3,250 XCD. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 6,750 XCD while 25% are earning more than 6,750 XCD.


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

Insurance Appraiser Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Antigua and Barbuda Insurance Appraiser
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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 Insurance Appraiser salaries by experience level and this is what we found.

An Insurance Appraiser with less than two years of experience makes approximately 2,450 XCD per month.

While someone with an experience level between two and five years is expected to earn 3,270 XCD 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 4,830 XCD 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, Insurance Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,880 XCD 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 6,410 XCD 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 6,940 XCD per month, 8% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Antigua and Barbuda

0 - 2 Years
2,450 XCD
2 - 5 Years+34%
3,270 XCD
5 - 10 Years+48%
4,830 XCD
10 - 15 Years+22%
5,880 XCD
15 - 20 Years+9%
6,410 XCD
20+ Years+8%
6,940 XCD
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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Insurance Appraiser Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Antigua and Barbuda Insurance Appraiser
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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 Insurance Appraiser salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Insurance Appraiser is 2,840 XCD per month.

While someone with a Bachelor's Degree gets a salary of 5,490 XCD per month, 93% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Antigua and Barbuda

Certificate or Diploma
2,840 XCD
Bachelor's Degree+93%
5,490 XCD
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Insurance Appraiser Salary Comparison By Gender

Salary comparison by gender monthly Antigua and Barbuda Insurance Appraiser
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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 Insurance Appraiser employees in Antigua and Barbuda earn 19% more than their female counterparts on average.

Male
5,090 XCD
Female-16%
4,270 XCD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Antigua and Barbuda for all Careers

Salary comparison by gender monthly Antigua and Barbuda
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Insurance Appraiser Average Annual Salary Increment Percentage in Antigua and Barbuda

How much are annual salary increments in Antigua and Barbuda for Insurance Appraiser(s)? How often do employees get salary raises?

Insurance Appraiser

Insurance Appraiser(s) in Antigua and Barbuda are likely to observe a salary increase of approximately 7% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Antigua and Barbuda Insurance Appraiser
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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.

Antigua and Barbuda / 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 Antigua and Barbuda is 2%.

Annual Increment Rate By Industry 2019

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Listed above are the average annual increase rates for each industry in Antigua and Barbuda 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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Insurance Appraiser Bonus and Incentive Rates in Antigua and Barbuda

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Antigua and Barbuda Insurance Appraiser
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An Insurance Appraiser 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.

84% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 16% 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
16%
No Bonus
84%

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.

Insurance Appraiser Average Hourly Wage in Antigua and Barbuda


27 XCD per hour

The average hourly wage (pay per hour) in Antigua and Barbuda is 27 XCD. This means that the average Insurance Appraiser in Antigua and Barbuda earns approximately 27 XCD 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.

Insurance Appraiser VS Other Jobs

Salary Comparison Between Insurance Appraiser and Insurance monthly Antigua and Barbuda
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The average salary for Insurance Appraiser is 3% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst6,290 XCD+34%
Actuarial Assistant4,470 XCD-5%
Actuary6,580 XCD+41%
Adjustment Insurance Clerk1,730 XCD-63%
Assistant Broker2,990 XCD-36%
Assistant Claims Manager5,040 XCD+8%
Associate Insurance Representative2,420 XCD-48%
Auditing Insurance Manager6,990 XCD+49%
Broker4,910 XCD+5%
Claim Advocacy Professional4,580 XCD-2%
Claims Adjuster1,760 XCD-62%
Claims Analyst2,490 XCD-47%
Claims Examiner2,510 XCD-46%
Claims Manager6,880 XCD+47%
Claims Processor1,830 XCD-61%
Claims Representative2,160 XCD-54%
Claims Resolution Specialist4,960 XCD+6%
Claims Supervisor4,450 XCD-5%
Complaints Specialist4,370 XCD-7%
Compliance Officer3,670 XCD-22%
Consultant4,630 XCD-1%
Eligibility Specialist4,550 XCD-3%
Insurance Account Manager5,640 XCD+20%
Insurance Accounts Executive4,860 XCD+4%
Insurance Agent2,790 XCD-40%
Insurance Analyst4,470 XCD-5%
Insurance Appraiser4,680 XCD-0%
Insurance Claims Clerk1,750 XCD-63%
Insurance Examiner4,360 XCD-7%
Insurance Investigator4,510 XCD-4%
Insurance Manager7,980 XCD+70%
Insurance Operations Manager8,320 XCD+78%
Insurance Policy Processing Clerk1,800 XCD-62%
Insurance Pricing Assistant3,740 XCD-20%
Insurance Program Manager6,080 XCD+30%
Insurance Project Manager5,910 XCD+26%
Insurance Quality Assurance Agent4,200 XCD-10%
Insurance Sales Agent2,900 XCD-38%
Insurance Sales Director7,760 XCD+66%
Insurance Team Leader4,920 XCD+5%
Insurance Underwriter3,390 XCD-28%
Loss Control Specialist4,700 XCD+0%
Loss Prevention Investigator5,100 XCD+9%
Loss Prevention Manager6,520 XCD+39%
Loss Prevention Specialist4,810 XCD+3%
Marine Underwriter3,340 XCD-29%
Medical Auditor4,710 XCD+1%
Monitoring and Performance Officer3,240 XCD-31%
Payment Services Specialist4,920 XCD+5%
Policy Change Director7,200 XCD+54%
Policy Change Supervisor5,020 XCD+7%
Policy Change Technician2,270 XCD-52%
Risk Analyst5,330 XCD+14%
Risk Management Director9,330 XCD+99%
Risk Management Supervisor6,080 XCD+30%
Risk Manager9,130 XCD+95%
Risk Modeling Manager8,330 XCD+78%
Title Insurance Typist4,200 XCD-10%
Training Manager5,220 XCD+11%

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 Antigua and Barbuda earn 25% more than their private sector counterparts on average across all sectors.

Private Sector
4,020 XCD
Public Sector+25%
5,010 XCD
Percentage increase and decrease are relative to the previous value

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