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Average Salary in Suriname 2021

How much money does a person working in Suriname make?


Average Monthly Salary
5,140 SRD
( 61,700 SRD yearly)

LOW
1,300
SRD
AVERAGE
5,140
SRD
HIGH
22,900
SRD

A person working in Suriname typically earns around 5,140 SRD per month. Salaries range from 1,300 SRD (lowest average) to 22,900 SRD (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Suriname

Median and salary distribution monthly Suriname
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Suriname range from 1,300 SRD per month (minimum salary) to 22,900 SRD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 5,450 SRD per month, which means that half (50%) of the population are earning less than 5,450 SRD while the other half are earning more than 5,450 SRD. 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 the population are earning less than 3,040 SRD while 75% of them are earning more than 3,040 SRD. Also from the diagram, 75% of the population are earning less than 15,000 SRD while 25% are earning more than 15,000 SRD.


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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

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.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

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 Suriname costs anywhere from 25,700 Surinam Dollar(s) to 77,100 Surinam 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 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 Comparison By Gender

Salary comparison by gender monthly Suriname
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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 employees in Suriname earn 9% more than their female counterparts on avergae across all sectors.

Male
5,380 SRD
Female-8%
4,940 SRD
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Suriname

How much are annual salary increments in Suriname? How often do employees get salary raises?

Suriname

Employees in Suriname are likely to observe a salary increase of approximately 5% every 28 months.

Annual Salary Increment Rate Suriname
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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.

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 Suriname is 2%.

Annual Increment Rate By Industry 2020

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Suriname 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.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Suriname

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Suriname
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62% of surveyed staff in Suriname reported that they haven't received any bonuses or incentives in the previous year while 38% 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
38%
No Bonus
62%

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.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

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.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant3,820 SRD
Accounting Assistant3,010 SRD
Accounting Manager7,650 SRD
Bookkeeper2,380 SRD
Chartered Accountant4,770 SRD
Corporate Treasurer7,370 SRD
Financial Analyst6,990 SRD
Financial Manager10,500 SRD
Internal Auditor5,270 SRD

Administration / Reception / Secretarial
Administrative Assistant2,880 SRD
Office Manager4,670 SRD
Receptionist1,980 SRD
Secretary2,470 SRD

Advertising / Grapic Design / Events
Art Director5,290 SRD
Creative Director5,510 SRD
Graphic Designer3,270 SRD
Photographer2,920 SRD

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer6,950 SRD
Air Traffic Controller6,000 SRD
Flight Attendant3,680 SRD
Pilot9,480 SRD

Architecture
Architect6,180 SRD
CAD Drafter2,690 SRD

Automotive
Mechanic2,010 SRD
Service Advisor3,740 SRD

Banking
Bank Branch Manager9,910 SRD
Teller2,010 SRD

Bilingual
Teacher4,020 SRD
Translator4,770 SRD

Business Planning
Business Analyst6,880 SRD
Business Development Manager8,770 SRD
Project Manager6,040 SRD

Care Giving and Child Care
Nanny2,130 SRD
Nursery Teacher1,920 SRD

Construction / Building / Installation
Civil Engineer4,810 SRD
Construction Project Manager8,660 SRD
Health and Safety Officer2,380 SRD

Customer Service and Call Center
Call Center Representative2,040 SRD
Customer Service Manager7,030 SRD
Customer Service Representative1,960 SRD

Engineering
Electrical Engineer5,220 SRD
Engineer5,080 SRD
Mechanical Engineer5,070 SRD

Executive and Management
Chief Executive Officer12,000 SRD
Chief Financial Officer10,900 SRD
General Manager9,110 SRD

Food / Hospitality / Tourism / Catering
Chef3,290 SRD
Executive Chef3,850 SRD
Hotel Manager9,410 SRD
Travel Agent3,510 SRD
Waiter / Waitress1,600 SRD

Health and Medical
Dentist12,600 SRD
Dietitian9,960 SRD
Laboratory Technician4,020 SRD
Nurse4,330 SRD

Human Resources
Human Resources Manager7,650 SRD
Human Resources Officer3,140 SRD

Information Technology
Computer Technician4,250 SRD
Database Administrator5,410 SRD
Developer / Programmer5,450 SRD
Information Technology Manager8,780 SRD
Network Engineer4,690 SRD

Law Enforcement / Security / Fire
Police Officer3,120 SRD

Legal
Attorney10,700 SRD
Legal Assistant2,900 SRD

Media / Broadcasting / Arts / Entertainment
Journalist6,260 SRD

Pharmaceutical and Biotechnology
Biomedical Engineer4,720 SRD
Pharmacist6,850 SRD

Sales Retail and Wholesale
Cashier1,930 SRD
Sales Manager9,140 SRD
Sales Representative3,470 SRD

Teaching / Education
Elementary School Teacher3,750 SRD
Secondary School Teacher4,370 SRD

Average Hourly Wage in Suriname


30 SRD per hour

The average hourly wage (pay per hour) in Suriname is 30 SRD. This means that the average person in Suriname earns approximately 30 SRD 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.

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 Suriname earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
4,780 SRD
Public Sector+17%
5,600 SRD
Percentage increase and decrease are relative to the previous value

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