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Laboratory Technician Average Salary in Micronesia 2021

How much money does a Laboratory Technician make in Micronesia?


Average Monthly Salary
1,050 USD
( 12,500 USD yearly)

LOW
550
USD
AVERAGE
1,050
USD
HIGH
1,590
USD

A person working as a Laboratory Technician in Micronesia typically earns around 1,050 USD per month. Salaries range from 550 USD (lowest) to 1,590 USD (highest).

This is the average monthly salary including housing, transport, and other benefits. Laboratory Technician salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Laboratory Technician Salary Distribution in Micronesia

Median and salary distribution monthly Micronesia Laboratory Technician
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The median, the maximum, the minimum, and the range

  • Salary Range

    Laboratory Technician salaries in Micronesia range from 550 USD per month (minimum salary) to 1,590 USD per month (maximum salary).

  • Median Salary

    The median salary is 980 USD per month, which means that half (50%) of people working as Laboratory Technician(s) are earning less than 980 USD while the other half are earning more than 980 USD. 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 Laboratory Technician(s) are earning less than 690 USD while 75% of them are earning more than 690 USD. Also from the diagram, 75% of Laboratory Technician(s) are earning less than 1,210 USD while 25% are earning more than 1,210 USD.


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

Laboratory Technician Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Micronesia Laboratory Technician
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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 Laboratory Technician salaries by experience level and this is what we found.

A Laboratory Technician with less than two years of experience makes approximately 640 USD per month.

While someone with an experience level between two and five years is expected to earn 780 USD per month, 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 1,110 USD per month, 42% more than someone with two to five years of experience.

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.

Additionally, Laboratory Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 1,290 USD per month, 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 1,420 USD per month, 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 1,510 USD per month, 6% more than people with fifteen to twenty years of experience.


Laboratory Technician average salary change by experience in Micronesia

0 - 2 Years
640 USD
2 - 5 Years+23%
780 USD
5 - 10 Years+42%
1,110 USD
10 - 15 Years+17%
1,290 USD
15 - 20 Years+10%
1,420 USD
20+ Years+6%
1,510 USD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Laboratory Technician Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Laboratory Technician(s) who have the same experience but different education levels.

Salary comparison by education level monthly Micronesia Laboratory Technician
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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 Laboratory Technician salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Laboratory Technician is 720 USD per month.

While someone with a Master's Degree gets a salary of 1,390 USD per month, 93% more than someone having a Bachelor's Degree degree.


Laboratory Technician average salary difference by education level in Micronesia

Bachelor's Degree
720 USD
Master's Degree+93%
1,390 USD
Percentage increase and decrease are relative to the previous value

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 Micronesia costs anywhere from 7,020 US Dollar(s) to 21,100 US 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 Comparison By Education Level
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Laboratory Technician Salary Comparison By Gender

Salary comparison by gender monthly Micronesia Laboratory Technician
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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 Laboratory Technician employees in Micronesia earn 14% more than their female counterparts on average.

Male
1,100 USD
Female-12%
960 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Micronesia for all Careers

Salary comparison by gender monthly Micronesia
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Laboratory Technician Average Annual Salary Increment Percentage in Micronesia

How much are annual salary increments in Micronesia for Laboratory Technician(s)? How often do employees get salary raises?

Laboratory Technician

Laboratory Technician(s) in Micronesia are likely to observe a salary increase of approximately 6% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Micronesia Laboratory Technician
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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.

Micronesia / 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 Micronesia is 2%.

Annual Increment Rate By Industry 2020

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Micronesia for the year 2020. 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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Laboratory Technician Bonus and Incentive Rates in Micronesia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Micronesia Laboratory Technician
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A Laboratory Technician is considered to be a low bonus-based job 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.

91% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 9% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
9%
No Bonus
91%

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.

Laboratory Technician Average Hourly Wage in Micronesia


6 USD per hour

The average hourly wage (pay per hour) in Micronesia is 6 USD. This means that the average Laboratory Technician in Micronesia earns approximately 6 USD 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.

Laboratory Technician VS Other Jobs

Salary Comparison Between Laboratory Technician and Health and Medical monthly Micronesia
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The average salary for Laboratory Technician is 40% less than that of Healthcare Technical. Also, Healthcare Technical salaries are 17% less than those of Health and Medical.

Salary comparison with similar jobs

Job TitleAverage Salary
Academic Clinician2,830 USD+170%
Admitting Officer1,070 USD+2%
Ambulance Dispatcher1,060 USD+1%
Ambulance Driver1,010 USD-3%
Ambulance Officer and Paramedic1,160 USD+11%
Ambulatory Services Director2,010 USD+92%
Anatomic Pathology Supervisor2,490 USD+140%
Anesthesia Technician1,510 USD+44%
Anesthesiologist4,180 USD+300%
Anesthesiology Assistant1,470 USD+41%
Assistant Optometrist1,170 USD+12%
Audiologist2,510 USD+140%
Biomedical Engineering Director2,000 USD+91%
Biomedical Engineering Technician990 USD-5%
Cardiac Technician1,000 USD-4%
Cardiovascular Specialist5,510 USD+430%
Cardiovascular Technologist1,970 USD+89%
Central Sterile Processing Technician1,160 USD+11%
Charge Entry Specialist1,360 USD+30%
Clinical Application Specialist1,340 USD+28%
Clinical Biochemist2,360 USD+130%
Clinical Cytogeneticist2,090 USD+100%
Clinical Data Reviewer1,260 USD+21%
Clinical Development Specialist1,640 USD+57%
Clinical Field Associate1,240 USD+19%
Clinical Genetic Technologist2,040 USD+95%
Clinical Microbiologist2,590 USD+150%
Clinical Molecular Geneticist2,250 USD+120%
Clinical Neuropsychologist2,730 USD+160%
Clinical Research Coordinator1,590 USD+52%
Clinical Scientist2,870 USD+170%
CME Specialist2,110 USD+100%
CT Technologist1,320 USD+26%
Cytogenetic Technologist1,850 USD+77%
Diagnostic Medical Sonographer1,570 USD+50%
Dispensing Optician1,280 USD+22%
Dosimetrist1,870 USD+79%
EKG Technician1,200 USD+15%
Endoscopic Assistant1,130 USD+8%
Endoscopy Technician1,070 USD+2%
Enterostomal Therapist1,800 USD+72%
Epidemiologist2,360 USD+130%
FGP Ultrasound Techncian1,160 USD+11%
Health Systems Specialist1,600 USD+53%
Health Technologist1,870 USD+79%
Healthcare Data Analyst1,410 USD+35%
Hearing Aid Specialist1,390 USD+33%
Histotechnologist1,660 USD+59%
Immunologist2,420 USD+130%
Industrial Hygienist1,740 USD+67%
Infection Control Coordinator1,320 USD+26%
Infection Control Practitioner2,910 USD+180%
Infection Preventionist1,970 USD+89%
Informatics Practice Specialist1,520 USD+45%
Interventional Radiographer2,280 USD+120%
Lab Assistant1,070 USD+2%
Laboratory Manager1,910 USD+83%
Laboratory Technician1,050 USD+0%
Low Vision Therapist2,320 USD+120%
Mammography Technician1,040 USD-0%
Medical Coder980 USD-6%
Medical Courier720 USD-31%
Medical Equipment Preparer1,100 USD+5%
Medical Forms Designer920 USD-12%
Medical Technologist1,180 USD+13%
MRI Technologist1,120 USD+7%
Music Therapist1,600 USD+53%
Neonatologist3,110 USD+200%
Neurodiagnostic Techncian1,090 USD+4%
Neuropsychology Testing Assistant990 USD-5%
Nuclear Medical Technician1,460 USD+40%
Nuclear Medicine Technolgoist1,460 USD+40%
Nutrition Assistant1,090 USD+4%
Occupaitional Therapy Assistant1,100 USD+5%
Operating Room Scheduler1,010 USD-3%
Operating Room Services Director3,260 USD+210%
Ophthalmic Assistant1,190 USD+14%
Ophthalmic Laboratory Technician1,120 USD+7%
Optician2,540 USD+140%
Orthopedic Technician1,140 USD+9%
Orthoptist3,200 USD+210%
Orthotist3,010 USD+190%
Pathology Assistant1,120 USD+7%
Perfusionist3,340 USD+220%
Phlebotomist870 USD-17%
Pre Authorization Case Manager1,590 USD+52%
Prosthetist2,670 USD+160%
Radiation Therapist3,680 USD+250%
Radiation Therapy Technologist1,600 USD+53%
Radiographer2,580 USD+150%
Radiography Technologist1,500 USD+44%
Radiologic Technologist1,630 USD+56%
Radiology Technologist1,600 USD+53%
Respiratory Care Practitioner2,870 USD+170%
Respiratory Therapist2,280 USD+120%
Respiratory Therapy Technician1,320 USD+26%
Sonographer1,570 USD+50%
Sonography Technologist1,570 USD+50%
Speech and Language Pathologist2,350 USD+120%
Ultrasonographer1,250 USD+20%
Ultrasound Technologist1,250 USD+20%
Vascular Technologist1,120 USD+7%
X-Ray Technologist1,600 USD+53%

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 Micronesia earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
1,350 USD
Public Sector+7%
1,450 USD
Percentage increase and decrease are relative to the previous value

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