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Laboratory Technician Average Salary in Guyana 2020

How much money does a Laboratory Technician make in Guyana?


Average Monthly Salary
127,000 GYD
( 1,530,000 GYD yearly)

LOW
66,200
GYD
AVERAGE
127,000
GYD
HIGH
195,000
GYD

A person working as a Laboratory Technician in Guyana typically earns around 127,000 GYD per month. Salaries range from 66,200 GYD (lowest) to 195,000 GYD (highest).

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

Laboratory Technician Salary Distribution in Guyana

Median and salary distribution monthly Guyana Laboratory Technician
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The median, the maximum, the minimum, and the range

  • Salary Range

    Laboratory Technician salaries in Guyana range from 66,200 GYD per month (minimum salary) to 195,000 GYD per month (maximum salary).

  • Median Salary

    The median salary is 122,000 GYD per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 122,000 GYD while the other half are earning more than 122,000 GYD. 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 Laboratory Technician(s) are earning less than 84,700 GYD while 75% of them are earning more than 84,700 GYD. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 152,000 GYD while 25% are earning more than 152,000 GYD.


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

Laboratory Technician Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Guyana Laboratory Technician
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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 Laboratory Technician salaries by experience level and this is what we found.

A Laboratory Technician with less than two years of experience makes approximately 75,200 GYD per month.

While someone with an experience level between two and five years is expected to earn 101,000 GYD 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 131,000 GYD per month, 30% 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, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 159,000 GYD per month, 21% 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 173,000 GYD 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 182,000 GYD per month, 5% more than people with fifteen to twenty years of experience.


Laboratory Technician average salary change by experience in Guyana

0 - 2 Years
75,200 GYD
2 - 5 Years+34%
101,000 GYD
5 - 10 Years+30%
131,000 GYD
10 - 15 Years+21%
159,000 GYD
15 - 20 Years+9%
173,000 GYD
20+ Years+5%
182,000 GYD
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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Laboratory Technician Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Guyana Laboratory Technician
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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 Laboratory Technician salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Laboratory Technician is 106,000 GYD per month.

While someone with a Master's Degree gets a salary of 147,000 GYD per month, 39% more than someone having a Bachelor's Degree degree.


Laboratory Technician average salary difference by education level in Guyana

Bachelor's Degree
106,000 GYD
Master's Degree+39%
147,000 GYD
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 Guyana costs anywhere from 876,000 Guyana Dollar(s) to 2,630,000 Guyana 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 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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Laboratory Technician Salary Comparison By Gender

Salary comparison by gender monthly Guyana Laboratory Technician
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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 Laboratory Technician employees in Guyana earn 8% more than their female counterparts on average.

Male
133,000 GYD
Female-7%
123,000 GYD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Guyana for all Careers

Salary comparison by gender monthly Guyana
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Laboratory Technician Average Annual Salary Increment Percentage in Guyana

How much are annual salary increments in Guyana for Laboratory Technician(s)? How often do employees get salary raises?

Laboratory Technician

Laboratory Technician(s) in Guyana are likely to observe a salary increase of approximately 5% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Guyana Laboratory Technician
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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.

Guyana / 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 Guyana is 2%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Guyana 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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Laboratory Technician Bonus and Incentive Rates in Guyana

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Guyana Laboratory Technician
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A Laboratory Technician 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.

90% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 10% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
10%
No Bonus
90%

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.

Laboratory Technician Average Hourly Wage in Guyana


730 GYD per hour

The average hourly wage (pay per hour) in Guyana is 730 GYD. This means that the average Laboratory Technician in Guyana earns approximately 730 GYD 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.

Laboratory Technician VS Other Jobs

Salary Comparison Between Laboratory Technician and Health and Medical monthly Guyana
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The average salary for Laboratory Technician is 42% less than that of Healthcare Technical. Also, Healthcare Technical salaries are 17% less than those of Health and Medical.

Salary comparison with similar jobs

Job TitleAverage Salary
Academic Clinician324,000 GYD+150%
Admitting Officer118,000 GYD-7%
Ambulance Dispatcher129,000 GYD+1%
Ambulance Driver118,000 GYD-7%
Ambulance Officer and Paramedic136,000 GYD+7%
Ambulatory Services Director249,000 GYD+96%
Anatomic Pathology Supervisor289,000 GYD+130%
Anesthesia Technician178,000 GYD+40%
Anesthesiologist516,000 GYD+310%
Anesthesiology Assistant174,000 GYD+37%
Assistant Optometrist139,000 GYD+9%
Audiologist308,000 GYD+140%
Biomedical Engineering Director226,000 GYD+78%
Biomedical Engineering Technician118,000 GYD-7%
Cardiac Technician113,000 GYD-11%
Cardiovascular Specialist647,000 GYD+410%
Cardiovascular Technologist244,000 GYD+92%
Central Sterile Processing Technician138,000 GYD+8%
Charge Entry Specialist163,000 GYD+28%
Clinical Application Specialist160,000 GYD+26%
Clinical Biochemist279,000 GYD+120%
Clinical Cytogeneticist236,000 GYD+85%
Clinical Data Reviewer159,000 GYD+25%
Clinical Development Specialist197,000 GYD+55%
Clinical Field Associate156,000 GYD+23%
Clinical Genetic Technologist246,000 GYD+93%
Clinical Microbiologist308,000 GYD+140%
Clinical Molecular Geneticist282,000 GYD+120%
Clinical Neuropsychologist333,000 GYD+160%
Clinical Research Coordinator175,000 GYD+38%
Clinical Scientist344,000 GYD+170%
CME Specialist274,000 GYD+120%
CT Technologist149,000 GYD+17%
Cytogenetic Technologist221,000 GYD+74%
Diagnostic Medical Sonographer184,000 GYD+45%
Dispensing Optician156,000 GYD+23%
Dosimetrist212,000 GYD+67%
EKG Technician155,000 GYD+22%
Endoscopic Assistant136,000 GYD+7%
Endoscopy Technician128,000 GYD+1%
Enterostomal Therapist205,000 GYD+61%
Epidemiologist278,000 GYD+120%
FGP Ultrasound Techncian141,000 GYD+11%
Health Systems Specialist187,000 GYD+47%
Health Technologist208,000 GYD+63%
Healthcare Data Analyst165,000 GYD+30%
Hearing Aid Specialist174,000 GYD+37%
Histotechnologist199,000 GYD+56%
Immunologist314,000 GYD+150%
Industrial Hygienist221,000 GYD+74%
Infection Control Coordinator160,000 GYD+26%
Infection Control Practitioner333,000 GYD+160%
Infection Preventionist238,000 GYD+87%
Informatics Practice Specialist195,000 GYD+53%
Interventional Radiographer251,000 GYD+97%
Lab Assistant119,000 GYD-6%
Laboratory Manager243,000 GYD+91%
Laboratory Technician127,000 GYD-0%
Low Vision Therapist292,000 GYD+130%
Mammography Technician128,000 GYD+1%
Medical Coder112,000 GYD-12%
Medical Courier86,900 GYD-32%
Medical Equipment Preparer136,000 GYD+7%
Medical Forms Designer111,000 GYD-13%
Medical Technologist138,000 GYD+8%
MRI Technologist131,000 GYD+3%
Music Therapist189,000 GYD+49%
Neonatologist354,000 GYD+180%
Neurodiagnostic Techncian131,000 GYD+3%
Neuropsychology Testing Assistant114,000 GYD-10%
Nuclear Medical Technician181,000 GYD+42%
Nuclear Medicine Technolgoist189,000 GYD+49%
Nutrition Assistant129,000 GYD+1%
Occupaitional Therapy Assistant133,000 GYD+5%
Operating Room Scheduler119,000 GYD-6%
Operating Room Services Director366,000 GYD+190%
Ophthalmic Assistant140,000 GYD+10%
Ophthalmic Laboratory Technician139,000 GYD+9%
Optician285,000 GYD+120%
Orthopedic Technician135,000 GYD+6%
Orthoptist387,000 GYD+200%
Orthotist384,000 GYD+200%
Pathology Assistant126,000 GYD-1%
Perfusionist413,000 GYD+220%
Phlebotomist103,000 GYD-19%
Pre Authorization Case Manager197,000 GYD+55%
Prosthetist318,000 GYD+150%
Radiation Therapist438,000 GYD+240%
Radiation Therapy Technologist183,000 GYD+44%
Radiographer291,000 GYD+130%
Radiography Technologist182,000 GYD+43%
Radiologic Technologist188,000 GYD+48%
Radiology Technologist187,000 GYD+47%
Respiratory Care Practitioner343,000 GYD+170%
Respiratory Therapist271,000 GYD+110%
Respiratory Therapy Technician150,000 GYD+18%
Sonographer189,000 GYD+49%
Sonography Technologist184,000 GYD+45%
Speech and Language Pathologist295,000 GYD+130%
Ultrasonographer151,000 GYD+19%
Ultrasound Technologist150,000 GYD+18%
Vascular Technologist137,000 GYD+8%
X-Ray Technologist190,000 GYD+49%

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 Guyana earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
166,000 GYD
Public Sector+14%
189,000 GYD
Percentage increase and decrease are relative to the previous value

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