Oil / Gas / Energy / Mining Average Salaries in Honduras 2023
How much money does a person working in Oil / Gas / Energy / Mining make in Honduras?
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 Title | Average Salary |
| Assistant Yard Manager | 22,600 HNL |
| Associate Analyst | 27,500 HNL |
| Associate Landman | 11,500 HNL |
| Auxiliary Equipment Operator | 9,820 HNL |
| Biomass Plant Technician | 12,000 HNL |
| Biomass Power Plant Manager | 34,200 HNL |
| Chemical Plant Operator | 19,100 HNL |
| Chief Contract Compliance Engineer | 25,700 HNL |
| Completions Engineer | 23,800 HNL |
| Cost Controller | 18,100 HNL |
| Crude Oil Marketing Representative | 25,800 HNL |
| Dispatcher | 10,600 HNL |
| Distribution Manager | 35,600 HNL |
| Dragline Operator | 11,200 HNL |
| Driller Offsider | 8,710 HNL |
| Dump Truck Driver | 9,730 HNL |
| Electric and Gas Operations Manager | 55,400 HNL |
| Energy Advisor | 38,600 HNL |
| Energy Analyst | 33,500 HNL |
| Energy Auditor | 29,400 HNL |
| Energy Dispatch Director | 41,600 HNL |
| Energy Technical Assistant | 14,900 HNL |
| Energy Technical Manager | 28,700 HNL |
| Energy Technical Trainer | 21,800 HNL |
| Exploration Manager | 42,000 HNL |
| Field Safety Auditor | 28,900 HNL |
| Fluids Engineer | 24,800 HNL |
| Fuel Cell Engineer | 25,200 HNL |
| Fuel Cell Technician | 12,000 HNL |
| Fuels Handler | 11,100 HNL |
| Gas Compressor Operator | 11,300 HNL |
| Gas Distribution Plant Operator | 20,800 HNL |
| Gas Supply Manager | 36,200 HNL |
| Geologist | 42,700 HNL |
| Geophysicist | 46,000 HNL |
| Geothermal Production Manager | 41,600 HNL |
| Geothermal Technician | 17,000 HNL |
| HSE Engineer | 24,300 HNL |
| HSE Officer | 14,700 HNL |
| HSEQ Administrator | 16,600 HNL |
| Inspector | 22,100 HNL |
| Instructor | 20,500 HNL |
| Instrument Designer | 18,400 HNL |
| Lead Technical Field Advisor | 32,100 HNL |
| Logistics and Tool Coordinator | 21,500 HNL |
| Maintenance Engineer | 24,700 HNL |
| Maintenance Superintendent | 21,300 HNL |
| Material Controller | 16,600 HNL |
| Mine Engineer | 22,900 HNL |
| Mine Surveyor | 26,000 HNL |
| Mining Project Administrator | 22,400 HNL |
| Mining Project Assistant | 17,600 HNL |
| Mining Project Controls Consultant | 27,800 HNL |
| Mining Project Coordinator | 21,600 HNL |
| Mining Project Engineer | 23,200 HNL |
| Mining Project Manager | 30,400 HNL |
| Mining Site Manager | 32,200 HNL |
| Mining Team Leader | 25,900 HNL |
| NDT Technician | 15,300 HNL |
| Oil Service Unit Operator | 13,000 HNL |
| Oil Trader | 33,100 HNL |
| Oilwell Pumper | 8,850 HNL |
| Petroleum Engineer | 27,500 HNL |
| Petroleum Geologist | 42,200 HNL |
| Petroleum Pump System Operator | 13,800 HNL |
| Pipeline Technician | 8,970 HNL |
| Power Coordinator | 15,000 HNL |
| Power Plant Operations Manager | 45,600 HNL |
| Power Plant Operator | 19,100 HNL |
| Radio Operator | 11,100 HNL |
| Reliability Engineer | 23,400 HNL |
| Reservoir Engineer | 22,200 HNL |
| Risk Analyst | 29,600 HNL |
| Roughneck | 24,300 HNL |
| Scaffolder | 15,600 HNL |
| Shutdown Engineer | 20,700 HNL |
| Solar Energy Installation Manager | 37,500 HNL |
| Solar Energy Systems Engineer | 26,300 HNL |
| Solar Photovoltaic Installer | 16,500 HNL |
| Solar Thermal Technician | 15,700 HNL |
| Supply Operations Manager | 41,500 HNL |
| Sustainability Specialist | 38,200 HNL |
| System Development Advisor | 27,500 HNL |
| Tanker Truck Driver | 9,540 HNL |
| Utility Operator | 13,400 HNL |
| Wind Energy Project Manager | 34,700 HNL |
Oil / Gas / Energy / Mining Jobs Pay Scale and Salaries in Honduras
Salary Structure and Pay Scale Comparison
30,100 HNL or more
25,000 to 30,100 HNL
13,700 HNL or less
13,700 to 25,000 HNL
 9,200 HNL |
23,800 HNL |
58,600 HNL |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Oil / Gas / Energy / Mining salaries in Honduras range from 9,200 HNL per month (starting average salary) to 58,600 HNL per month (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
Median Salary
The median salary is 23,800 HNL per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 23,800 HNL while the other half are earning more than 23,800 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 and Salary Scale
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 18,300 HNL while 75% of them are earning more than 18,300 HNL. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 29,800 HNL while 25% are earning more than 29,800 HNL.
Pay Scale Structure
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 13,700 HNL to 25,000 HNL. Approximatly 20% fall under the 13,700 HNL cap. Ten percent of wages are from 25,000 HNL to 30,100 HNL. Only 5% of people grossed 30,100 HNL or more.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
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.
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.
Salary Comparison By Education
How does the education level affect your salary?
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.
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.
Salary and Compensation Comparison By Gender - Oil / Gas / Energy / Mining
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 |
Salary Comparison By Gender in Honduras for all Careers
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.
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
Annual Increment Rate By Industry 2022
| 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 2022. 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
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Oil / Gas / Energy / Mining Bonus and Incentive Rates in Honduras
How much and how often are bonuses being awarded?
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Oil / Gas / Energy / Mining is considered to be a moderate bonus-based field. 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 BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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: | Example: |
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.
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 Salary Forecast and Trend in Honduras
How do Oil / Gas / Energy / Mining salaries change over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 21,900 HNL | |
| Average Salary 2020 | +4% | 22,700 HNL |
| Average Salary 2021 | +4% | 23,500 HNL |
| Average Salary 2022 | +4% | 24,400 HNL |
Oil / Gas / Energy / Mining salaries in Honduras are rising in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 4% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.
Oil / Gas / Energy / Mining Hourly Average Wage in Honduras
150 HNL per hourThe 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.
About The Hourly Pay Rate
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.
What is the minimum hourly rate of pay?
This minimum pay rate per hour for a person in Honduras is 53 HNL. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Oil / Gas / Energy / Mining VS Other Jobs
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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for Oil / Gas / Energy / Mining in Honduras?
A good and competitive compensation would range anywhere between 23,800 HNL and 29,800 HNL. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.
Base / Basic Salary
The base salary for Oil / Gas / Energy / Mining in Honduras is ranges from 18,300 HNL to 29,800 HNL. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.
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
