Psychologist Average Salary in Korea (North) 2023

How much money does a person working as Psychologist make in Korea (North)?

Average Monthly Salary

324,000 KPW

( 3,890,000 KPW yearly)

LOW
169,000
KPW AVERAGE
324,000
KPW HIGH
496,000
KPW

Psychologist Pay Scale and Salaries in Korea (North)

Salary Structure and Pay Scale Comparison

5% of people earn
294,000 KPW or more

10% of people earn
262,000 to 294,000 KPW

20% of people earn
191,000 KPW or less

65% of people earn
191,000 to 262,000 KPW

Minimum Salary 169,000 KPW

Median 295,000 KPW

Maximum 496,000 KPW

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

• Salary Range, Minimum Wage, and Starting Salary

  Psychologist salaries in Korea (North) range from 169,000 KPW per month (starting salary) to 496,000 KPW per month (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 295,000 KPW per month, which means that half (50%) of people working as Psychologist(s) are earning less than 295,000 KPW while the other half are earning more than 295,000 KPW. 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 Psychologist(s) are earning less than 245,000 KPW while 75% of them are earning more than 245,000 KPW. Also from the diagram, 75% of Psychologist(s) are earning less than 335,000 KPW while 25% are earning more than 335,000 KPW.

• 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 191,000 KPW to 262,000 KPW. Approximatly 20% fall under the 191,000 KPW cap. Ten percent of wages are from 262,000 KPW to 294,000 KPW. Only 5% of people grossed 294,000 KPW or more.

Psychologist Salary Comparison by Years of Experience

How does experience and age affect your pay?

Psychologist average salary change by experience in Korea (North)

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 Psychologist salaries by experience level and this is what we found.

Employees with less than two years of experience makes approximately 192,000 KPW per month.

While someone with an experience level between two and five years is expected to earn 257,000 KPW 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 334,000 KPW per month, 30% more than someone with two to five years of experience.

Additionally, Psychologist whose expertise span anywhere between ten and fifteen years get a salary equivalent to 405,000 KPW 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 442,000 KPW 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 465,000 KPW per month, 5% more than people with fifteen to twenty years of experience.

Typical Salary Progress for Most Careers

Salary and Compensation Comparison By Gender - Psychologist

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Psychologist employees in Korea (North) earn 11% more than their female counterparts on average.

Salary Comparison By Gender in Korea (North) for all Careers

Psychologist Average Annual Salary Increment Percentage in Korea (North)

How much are annual salary increments in Korea (North) for Psychologist(s)? How often do employees get salary raises?

Psychologist

Psychologist(s) in Korea (North) are likely to observe a salary increase of approximately 9% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Korea (North) / 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

Listed above are the average annual increase rates for each industry in Korea (North) 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

Psychologist Bonus and Incentive Rates in Korea (North)

How much and how often are bonuses being awarded?

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"Psychologist" is considered to be a high bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

38% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 62% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus		62%
No Bonus		38%

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?

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.

Psychologist Salary Trend and Forecast in Korea (North)

How are Psychologist salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Psychologist salaries in Korea (North) are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 3% 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.

Psychologist Average Hourly Wage in Korea (North)

1,870 KPW per hour

The average hourly wage (pay per hour) in Korea (North) is 1,870 KPW. This means that the average Psychologist in Korea (North) earns approximately 1,870 KPW 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 'Psychologist' in Korea (North) is 970 KPW. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Psychologist VS Other Jobs

The average salary for Psychologist is 51% more than that of Counseling. Also, Counseling salaries are 11% more than those of All Jobs.

Salary comparison with similar jobs

Adoption Services Director	271,000 KPW	-16%
Alcohol and Drug Counselor	211,000 KPW	-35%
Assistant Instructor	95,200 KPW	-71%
Career Counselor	237,000 KPW	-27%
Consultant	249,000 KPW	-23%
Director of Rehabilitation Services	316,000 KPW	-3%
Disability Consultant	193,000 KPW	-41%
Employment Counselor	244,000 KPW	-25%
Family Advocate	166,000 KPW	-49%
Family Services Specialist	177,000 KPW	-45%
Family Support Specialist	254,000 KPW	-22%
Family Youth Worker	83,800 KPW	-74%
Guidance Counselor	248,000 KPW	-24%
Guidance Director	293,000 KPW	-10%
Mental Health Counselor	281,000 KPW	-13%
Programs Coordinator	131,000 KPW	-60%
Psychologist	324,000 KPW	-0%
Supervising Counselor	249,000 KPW	-23%
Vocational Rehabilitation Counselor	255,000 KPW	-21%
Youth Advocate	137,000 KPW	-58%
Youth Care Counselor	240,000 KPW	-26%
Youth Care Specialist	155,000 KPW	-52%
Youth Development Manager	313,000 KPW	-4%

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 Korea (North) earn 7% more than their private sector counterparts on average across all sectors.

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for Psychologist in Korea (North)?

A good and competitive compensation would range anywhere between 295,000 KPW and 335,000 KPW. 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 Psychologist in Korea (North) is ranges from 245,000 KPW to 335,000 KPW. 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.