A person working in Oil / Gas / Energy / Mining in Honduras typically earns around 25,300 HNL. Salaries range from 9,200 HNL (lowest average) to 58,600 HNL (highest average, actual maximum salary is higher).
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Oil / Gas / Energy / Mining domain in Honduras exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
|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|
|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|
|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|
|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|
|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|
Salaries in Oil / Gas / Energy / Mining in Honduras range from 9,200 HNL (starting average salary) to 58,600 HNL (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
The median income in the field of Oil / Gas / Energy / Mining is 23,800 HNL, implying that half of the workforce in Honduras earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Oil / Gas / Energy / Mining in Honduras earn less than 18,300 HNL, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 29,800 HNL, while 25% earn more than that.
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Oil / Gas / Energy / Mining in Honduras. The analysis revealed that roughly 65% of all reported salaries fell within the range of 13,700 HNL to 25,000 HNL. Approximately 20% of salaries were below the 13,700 HNL mark, while 10% ranged from 25,000 HNL to 30,100 HNL. Only 5% of individuals earned a gross salary of 30,100 HNL or higher.
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 in Oil / Gas / Energy / Mining in Honduras 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.
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 degree levels across many jobs in Oil / Gas / Energy / Mining in Honduras, 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 certificate 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.
A Master's degree program or any post-graduate program in Honduras costs anywhere from 141,000 HNL to 422,000 HNL and lasts approximately two years. That is quite an investment.
Employees can't expect any salary increases during the study period, assuming they 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 to 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 the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Oil / Gas / Energy / Mining in Honduras, the average difference between the salary of male and female employees is 15%.
Professionals working in Oil / Gas / Energy / Mining 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.
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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.
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
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.
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.
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.
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.
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.
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.
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.
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.
|Average Salary 2019|
|Average Salary 2020||+4%|
|Average Salary 2021||+4%|
|Average Salary 2022||+4%|
Salaries for individuals working in Oil / Gas / Energy / Mining in Honduras are rising in the year 2023 based on recently submitted salaries and reports. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from one industry to another.
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 fixed 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.
The minimum pay rate per hour for people working in Oil / Gas / Energy / Mining 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.
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Honduras is 14% on average across all career fields.
A good and competitive compensation would range anywhere between 23,800 HNL and 29,800 HNL. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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 salary after tax for every career.
The base salary for jobs in Oil / Gas / Energy / Mining in Honduras 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 with a grain of salt.
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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
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