SAP Consultant Average Salary in Cayman Islands 2023
How much money does a person working as SAP Consultant make in Cayman Islands?
LOW
20,500
KYD AVERAGE
38,800
KYD HIGH
58,900
KYD
A person working as SAP Consultant in Cayman Islands typically earns around 38,800 KYD per year. Salaries range from 20,500 KYD (lowest) to 58,900 KYD (highest).
This is the average yearly salary including housing, transport, and other benefits. SAP Consultant salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
SAP Consultant Pay Scale and Salaries in Cayman Islands
Salary Structure and Pay Scale Comparison
34,800 KYD or more
31,100 to 34,800 KYD
22,900 KYD or less
22,900 to 31,100 KYD
 20,500 KYD |
34,900 KYD |
58,900 KYD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
SAP Consultant salaries in Cayman Islands range from 20,500 KYD per year (starting salary) to 58,900 KYD per year (maximum salary). 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 34,900 KYD per year, which means that half (50%) of people working as SAP Consultant(s) are earning less than 34,900 KYD while the other half are earning more than 34,900 KYD. 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 SAP Consultant(s) are earning less than 29,100 KYD while 75% of them are earning more than 29,100 KYD. Also from the diagram, 75% of SAP Consultant(s) are earning less than 39,500 KYD while 25% are earning more than 39,500 KYD.
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 22,900 KYD to 31,100 KYD. Approximatly 20% fall under the 22,900 KYD cap. Ten percent of wages are from 31,100 KYD to 34,800 KYD. Only 5% of people grossed 34,800 KYD or more.
SAP Consultant Salary Comparison by Years of Experience
How does experience and age affect your pay?
SAP Consultant average salary change by experience in Cayman Islands
| 0 - 2 Years | 23,600 KYD | |
| 2 - 5 Years | +23% | 29,000 KYD |
| 5 - 10 Years | +42% | 41,100 KYD |
| 10 - 15 Years | +17% | 48,000 KYD |
| 15 - 20 Years | +10% | 52,800 KYD |
| 20+ Years | +6% | 55,800 KYD |
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 SAP Consultant salaries by experience level and this is what we found.
Employees with less than two years of experience makes approximately 23,600 KYD per year.
While someone with an experience level between two and five years is expected to earn 29,000 KYD per year, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 41,100 KYD per year, 42% more than someone with two to five years of experience.
Additionally, SAP Consultant whose expertise span anywhere between ten and fifteen years get a salary equivalent to 48,000 KYD per year, 17% 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 52,800 KYD per year, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 55,800 KYD per year, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
SAP Consultant Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different SAP Consultant(s) who have the same experience but different education levels.
SAP Consultant average salary difference by education level in Cayman Islands
| Certificate or Diploma | 29,000 KYD | |
| Bachelor's Degree | +29% | 37,400 KYD |
| Master's Degree | +43% | 53,500 KYD |
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 SAP Consultant salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary is 29,000 KYD per year.
While someone with a Bachelor's Degree gets a salary of 37,400 KYD per year, 29% more than someone having a Certificate or Diploma degree.
People with Master's Degree have an average salary of 53,500 KYD per year, 43% more than someone with a Bachelor's Degree.
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 Cayman Islands costs anywhere from 16,200 Cayman Islands Dollar(s) to 48,600 Cayman Islands 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 and Compensation Comparison By Gender - SAP Consultant
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male SAP Consultant employees in Cayman Islands earn 14% more than their female counterparts on average.
| Male | 40,700 KYD | |
| Female | -12% | 35,700 KYD |
Salary Comparison By Gender in Cayman Islands for all Careers
SAP Consultant Average Annual Salary Increment Percentage in Cayman Islands
How much are annual salary increments in Cayman Islands for SAP Consultant(s)? How often do employees get salary raises?
SAP Consultant
SAP Consultant(s) in Cayman Islands are likely to observe a salary increase of approximately 9% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Cayman Islands / 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 | 4% | |
| Energy | 8% | |
| Information Technology | 3% | |
| Healthcare | 7% | |
| Travel | 2% | |
| Construction | 6% | |
| Education | 1% |
Listed above are the average annual increase rates for each industry in Cayman Islands 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.
SAP Consultant Bonus and Incentive Rates in Cayman Islands
How much and how often are bonuses being awarded?
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"SAP Consultant" is considered to be a moderate bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
66% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 34% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.
| Received Bonus | 34% | |
| No Bonus | 66% |
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.
SAP Consultant Salary Trend and Forecast in Cayman Islands
How are SAP Consultant salaries changing over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 35,300 KYD | |
| Average Salary 2020 | +3% | 36,300 KYD |
| Average Salary 2021 | +3% | 37,500 KYD |
| Average Salary 2022 | +1% | 38,000 KYD |
SAP Consultant salaries in Cayman Islands are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 1% 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.
SAP Consultant Average Hourly Wage in Cayman Islands
19 KYD per hourThe average hourly wage (pay per hour) in Cayman Islands is 19 KYD. This means that the average SAP Consultant in Cayman Islands earns approximately 19 KYD 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?
The minimum pay rate per hour for 'SAP Consultant' in Cayman Islands is 10 KYD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
SAP Consultant VS Other Jobs
The average salary for SAP Consultant is 8% less than that of IT Consultancy. Also, IT Consultancy salaries are 8% more than those of Information Technology.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Advertising Account Planner | 32,900 KYD |  -15% |
| Application Consultant | 45,200 KYD |  +17% |
| Business Process Consultant | 41,200 KYD | +6% |
| ERP / CRM Technical Consultant | 39,900 KYD | +3% |
| Information Program Director | 52,100 KYD | +34% |
| Information Services Consultant | 43,000 KYD | +11% |
| Information Technology Consultant | 44,000 KYD | +14% |
| SAP Consultant | 38,800 KYD | +0% |
| Sharepoint Consultant | 40,200 KYD | +4% |
| Systems Consultant | 44,900 KYD | +16% |
| Technical Consultant | 44,000 KYD | +14% |
| Test Analyst | 34,700 KYD | -10% |
| Testing Manager | 48,200 KYD | +24% |
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 Cayman Islands earn 21% more than their private sector counterparts on average across all sectors.
| Private Sector | 35,400 KYD | |
| Public Sector | +21% | 42,800 KYD |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for SAP Consultant in Cayman Islands?
A good and competitive compensation would range anywhere between 34,900 KYD and 39,500 KYD. 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 SAP Consultant in Cayman Islands is ranges from 29,100 KYD to 39,500 KYD. 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
