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Oil / Gas / Energy / Mining Average Salaries in Honduras 2020

How much money does a person working in Oil / Gas / Energy / Mining make in Honduras?


Average Monthly Salary
25,300 HNL
( 304,000 HNL yearly)

LOW
9,200
HNL
AVERAGE
25,300
HNL
HIGH
58,600
HNL

A person working in Oil / Gas / Energy / Mining in Honduras typically earns around 25,300 HNL per month. Salaries range from 9,200 HNL (lowest average) to 58,600 HNL (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.

Salaries for specific jobs

Job TitleAverage Salary
Assistant Yard Manager22,600 HNL
Associate Analyst27,500 HNL
Associate Landman11,500 HNL
Auxiliary Equipment Operator9,820 HNL
Biomass Plant Technician12,000 HNL
Biomass Power Plant Manager34,200 HNL
Chemical Plant Operator19,100 HNL
Chief Contract Compliance Engineer25,700 HNL
Completions Engineer23,800 HNL
Cost Controller18,100 HNL
Crude Oil Marketing Representative25,800 HNL
Dispatcher10,600 HNL
Distribution Manager35,600 HNL
Dragline Operator11,200 HNL
Driller Offsider8,710 HNL
Dump Truck Driver9,730 HNL
Electric and Gas Operations Manager55,400 HNL
Energy Advisor38,600 HNL
Energy Analyst33,500 HNL
Energy Auditor29,400 HNL
Energy Dispatch Director41,600 HNL
Energy Technical Assistant14,900 HNL
Energy Technical Manager28,700 HNL
Energy Technical Trainer21,800 HNL
Exploration Manager42,000 HNL
Field Safety Auditor28,900 HNL
Fluids Engineer24,800 HNL
Fuel Cell Engineer25,200 HNL
Fuel Cell Technician12,000 HNL
Fuels Handler11,100 HNL
Gas Compressor Operator11,300 HNL
Gas Distribution Plant Operator20,800 HNL
Gas Supply Manager36,200 HNL
Geologist42,700 HNL
Geophysicist46,000 HNL
Geothermal Production Manager41,600 HNL
Geothermal Technician17,000 HNL
HSE Engineer24,300 HNL
HSE Officer14,700 HNL
HSEQ Administrator16,600 HNL
Inspector22,100 HNL
Instructor20,500 HNL
Instrument Designer18,400 HNL
Lead Technical Field Advisor32,100 HNL
Logistics and Tool Coordinator21,500 HNL
Maintenance Engineer24,700 HNL
Maintenance Superintendent21,300 HNL
Material Controller16,600 HNL
Mine Engineer22,900 HNL
Mine Surveyor26,000 HNL
Mining Project Administrator22,400 HNL
Mining Project Assistant17,600 HNL
Mining Project Controls Consultant27,800 HNL
Mining Project Coordinator21,600 HNL
Mining Project Engineer23,200 HNL
Mining Project Manager30,400 HNL
Mining Site Manager32,200 HNL
Mining Team Leader25,900 HNL
NDT Technician15,300 HNL
Oil Service Unit Operator13,000 HNL
Oil Trader33,100 HNL
Oilwell Pumper8,850 HNL
Petroleum Engineer 27,500 HNL
Petroleum Geologist42,200 HNL
Petroleum Pump System Operator13,800 HNL
Pipeline Technician8,970 HNL
Power Coordinator15,000 HNL
Power Plant Operations Manager45,600 HNL
Power Plant Operator19,100 HNL
Radio Operator11,100 HNL
Reliability Engineer23,400 HNL
Reservoir Engineer22,200 HNL
Risk Analyst29,600 HNL
Roughneck24,300 HNL
Scaffolder15,600 HNL
Shutdown Engineer20,700 HNL
Solar Energy Installation Manager37,500 HNL
Solar Energy Systems Engineer26,300 HNL
Solar Photovoltaic Installer16,500 HNL
Solar Thermal Technician15,700 HNL
Supply Operations Manager41,500 HNL
Sustainability Specialist38,200 HNL
System Development Advisor27,500 HNL
Tanker Truck Driver9,540 HNL
Utility Operator13,400 HNL
Wind Energy Project Manager34,700 HNL

Oil / Gas / Energy / Mining Jobs Salary Distribution in Honduras

Median and salary distribution monthly Honduras Oil  / Gas / Energy / Mining
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The median, the maximum, the minimum, and the range

  • Salary Range

    Oil / Gas / Energy / Mining salaries in Honduras range from 9,200 HNL per month (minimum average salary) to 58,600 HNL per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 27,300 HNL per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 27,300 HNL while the other half are earning more than 27,300 HNL. 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 people working in Oil / Gas / Energy / Mining are earning less than 16,400 HNL while 75% of them are earning more than 16,400 HNL. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 46,400 HNL while 25% are earning more than 46,400 HNL.


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 Honduras costs anywhere from 141,000 Lempira(s) to 422,000 Lempira(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.

Oil / Gas / Energy / Mining Salary Comparison By Gender

Salary comparison by gender monthly Honduras Oil  / Gas / Energy / Mining
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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 Honduras who work in Oil / Gas / Energy / Mining earn 15% more than their female counterparts on average.

Male
27,100 HNL
Female-13%
23,600 HNL
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Honduras for all Careers

Salary comparison by gender monthly Honduras
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Oil / Gas / Energy / Mining Average Annual Salary Increment Percentage in Honduras

How much are annual salary increments in Honduras for Oil / Gas / Energy / Mining professionals? How often do employees get salary raises?

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Honduras 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.

Annual Salary Increment Rate Honduras Oil  / Gas / Energy / Mining
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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.

Honduras / 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 Honduras is 2%.

Annual Increment Rate By Industry 2019

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

Listed above are the average annual increase rates for each industry in Honduras 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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Oil / Gas / Energy / Mining Bonus and Incentive Rates in Honduras

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Honduras Oil  / Gas / Energy / Mining
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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.

61% of surveyed staff in Oil / Gas / Energy / Mining 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.


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.

Oil / Gas / Energy / Mining Hourly Average Wage in Honduras


150 HNL per hour

The average hourly wage (pay per hour) in Honduras is 150 HNL. This means that the average person in Honduras earns approximately 150 HNL 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.

Oil / Gas / Energy / Mining VS Other Jobs

Salary Comparison Between Oil  / Gas / Energy / Mining and Oil  / Gas / Energy / Mining monthly Honduras
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The average salary for Oil / Gas / Energy / Mining is 10% less than that of All Jobs.

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

Private Sector
25,900 HNL
Public Sector+14%
29,500 HNL
Percentage increase and decrease are relative to the previous value

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