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Average Salary in Guernsey 2020

How much money does a person working in Guernsey make?


Average Yearly Salary
92,300 GBP
( 7,690 GBP monthly)

LOW
23,300
GBP
AVERAGE
92,300
GBP
HIGH
412,000
GBP

A person working in Guernsey typically earns around 92,300 GBP per year. Salaries range from 23,300 GBP (lowest average) to 412,000 GBP (highest average, actual maximum salary is higher).

This is the average yearly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Guernsey

Median and salary distribution yearly Guernsey
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Guernsey range from 23,300 GBP per year (minimum salary) to 412,000 GBP per year (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 99,700 GBP per year, which means that half (50%) of the population are earning less than 99,700 GBP while the other half are earning more than 99,700 GBP. 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 the population are earning less than 55,400 GBP while 75% of them are earning more than 55,400 GBP. Also from the diagram, 75% of the population are earning less than 276,000 GBP while 25% are earning more than 276,000 GBP.


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

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 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.


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.

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.

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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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.


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.

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.


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 Guernsey costs anywhere from 38,500 Pound Sterling(s) to 115,000 Pound Sterling(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.



Salary Comparison By Gender

Salary comparison by gender yearly Guernsey
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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 employees in Guernsey earn 31% more than their female counterparts on avergae across all sectors.

Female
80,100 GBP
Male+31%
105,000 GBP
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Guernsey

How much are annual salary increments in Guernsey? How often do employees get salary raises?

Guernsey

Employees in Guernsey are likely to observe a salary increase of approximately 5% every 28 months.

Annual Salary Increment Rate Guernsey
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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.

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 Guernsey 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 Guernsey 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.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Guernsey

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Guernsey
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61% of surveyed staff in Guernsey reported that they haven't received any bonuses or incentives in the previous year while 39% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
39%
No Bonus
61%

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.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries yearly Guernsey
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Where can you get paid more, working for a private company or for the government? Public sector employees in Guernsey earn 25% more than their private sector counterparts on average across all sectors.

Private Sector
82,100 GBP
Public Sector+25%
102,000 GBP
Percentage increase and decrease are relative to the previous value

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant58,900 GBP
Accounting Assistant45,600 GBP
Accounting Manager137,000 GBP
Bookkeeper39,700 GBP
Chartered Accountant80,000 GBP
Corporate Treasurer114,000 GBP
Financial Analyst114,000 GBP
Financial Manager171,000 GBP
Internal Auditor82,300 GBP

Administration / Reception / Secretarial
Administrative Assistant47,100 GBP
Office Manager75,800 GBP
Receptionist33,700 GBP
Secretary37,600 GBP

Advertising / Grapic Design / Events
Art Director89,700 GBP
Creative Director83,600 GBP
Graphic Designer56,000 GBP
Photographer48,400 GBP

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer116,000 GBP
Air Traffic Controller98,300 GBP
Flight Attendant60,700 GBP
Pilot144,000 GBP

Architecture
Architect105,000 GBP
CAD Drafter42,600 GBP

Automotive
Mechanic31,700 GBP
Service Advisor63,100 GBP

Banking
Bank Branch Manager155,000 GBP
Teller32,700 GBP

Bilingual
Teacher68,400 GBP
Translator80,000 GBP

Business Planning
Business Analyst114,000 GBP
Business Development Manager133,000 GBP
Project Manager98,000 GBP

Care Giving and Child Care
Nanny35,100 GBP
Nursery Teacher34,000 GBP

Construction / Building / Installation
Civil Engineer79,700 GBP
Construction Project Manager139,000 GBP
Health and Safety Officer37,600 GBP

Customer Service and Call Center
Call Center Representative34,000 GBP
Customer Service Manager124,000 GBP
Customer Service Representative34,000 GBP

Engineering
Electrical Engineer82,400 GBP
Engineer85,800 GBP
Mechanical Engineer82,300 GBP

Executive and Management
Chief Executive Officer190,000 GBP
Chief Financial Officer180,000 GBP
General Manager160,000 GBP

Food / Hospitality / Tourism / Catering
Chef52,000 GBP
Executive Chef65,300 GBP
Hotel Manager158,000 GBP
Travel Agent54,900 GBP
Waiter / Waitress27,200 GBP

Health and Medical
Dentist211,000 GBP
Dietitian166,000 GBP
Laboratory Technician65,300 GBP
Nurse68,600 GBP

Human Resources
Human Resources Manager137,000 GBP
Human Resources Officer52,800 GBP

Information Technology
Computer Technician64,400 GBP
Database Administrator88,600 GBP
Developer / Programmer87,500 GBP
Information Technology Manager141,000 GBP
Network Engineer75,900 GBP

Law Enforcement / Security / Fire
Police Officer53,300 GBP

Legal
Attorney175,000 GBP
Legal Assistant46,700 GBP

Media / Broadcasting / Arts / Entertainment
Journalist95,000 GBP

Pharmaceutical and Biotechnology
Biomedical Engineer77,000 GBP
Pharmacist114,000 GBP

Sales Retail and Wholesale
Cashier31,700 GBP
Sales Manager153,000 GBP
Sales Representative57,200 GBP

Teaching / Education
Elementary School Teacher62,300 GBP
Secondary School Teacher72,900 GBP

Average Hourly Wage in Guernsey


44 GBP per hour

The average hourly wage (pay per hour) in Guernsey is 44 GBP. This means that the average person in Guernsey earns approximately 44 GBP 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.

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