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Retail Store Manager Average Salary in Greece 2021

How much money does a Retail Store Manager make in Greece?


Average Monthly Salary
3,030 EUR
( 36,300 EUR yearly)

LOW
1,580
EUR
AVERAGE
3,030
EUR
HIGH
4,630
EUR

A person working as a Retail Store Manager in Greece typically earns around 3,030 EUR per month. Salaries range from 1,580 EUR (lowest) to 4,630 EUR (highest).

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

Retail Store Manager Salary Distribution in Greece

Median and salary distribution monthly Greece Retail Store Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Retail Store Manager salaries in Greece range from 1,580 EUR per month (minimum salary) to 4,630 EUR per month (maximum salary).

  • Median Salary

    The median salary is 2,910 EUR per month, which means that half (50%) of people working as Retail Store Manager(s) are earning less than 2,910 EUR while the other half are earning more than 2,910 EUR. 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 Retail Store Manager(s) are earning less than 2,020 EUR while 75% of them are earning more than 2,020 EUR. Also from the diagram, 75% of Retail Store Manager(s) are earning less than 3,620 EUR while 25% are earning more than 3,620 EUR.


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

Retail Store Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Greece Retail Store Manager
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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 Retail Store Manager salaries by experience level and this is what we found.

A Retail Store Manager with less than two years of experience makes approximately 1,790 EUR per month.

While someone with an experience level between two and five years is expected to earn 2,400 EUR 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 3,120 EUR per month, 30% 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, Retail Store Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,780 EUR 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 4,130 EUR 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 4,340 EUR per month, 5% more than people with fifteen to twenty years of experience.


Retail Store Manager average salary change by experience in Greece

0 - 2 Years
1,790 EUR
2 - 5 Years+34%
2,400 EUR
5 - 10 Years+30%
3,120 EUR
10 - 15 Years+21%
3,780 EUR
15 - 20 Years+9%
4,130 EUR
20+ Years+5%
4,340 EUR
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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Retail Store Manager Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Greece Retail Store Manager
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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 Retail Store Manager salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Retail Store Manager is 2,130 EUR per month.

While someone with a Certificate or Diploma gets a salary of 3,040 EUR per month, 43% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 4,210 EUR per month, 38% more than someone with a Certificate or Diploma.


Retail Store Manager average salary difference by education level in Greece

High School
2,130 EUR
Certificate or Diploma+43%
3,040 EUR
Bachelor's Degree+38%
4,210 EUR
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Retail Store Manager Salary Comparison By Gender

Salary comparison by gender monthly Greece Retail Store Manager
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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 Retail Store Manager employees in Greece earn 7% more than their female counterparts on average.

Male
3,140 EUR
Female-6%
2,940 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Greece for all Careers

Salary comparison by gender monthly Greece
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Retail Store Manager Average Annual Salary Increment Percentage in Greece

How much are annual salary increments in Greece for Retail Store Manager(s)? How often do employees get salary raises?

Retail Store Manager

Retail Store Manager(s) in Greece are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate Greece Retail Store Manager
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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.

Greece / 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 Greece is 7%.

Annual Increment Rate By Industry 2020

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Greece 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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Retail Store Manager Bonus and Incentive Rates in Greece

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Greece Retail Store Manager
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A Retail Store Manager is considered to be a high 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.

21% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 79% 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
79%
No Bonus
21%

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.

Retail Store Manager Average Hourly Wage in Greece


17 EUR per hour

The average hourly wage (pay per hour) in Greece is 17 EUR. This means that the average Retail Store Manager in Greece earns approximately 17 EUR 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.

Retail Store Manager VS Other Jobs

Salary Comparison Between Retail Store Manager and Sales Retail and Wholesale monthly Greece
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The average salary for Retail Store Manager is 14% more than that of Sales Retail and Wholesale. Also, Sales Retail and Wholesale salaries are 9% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Officer1,410 EUR-53%
Area Sales Manager3,980 EUR+31%
Assistant Department Manager1,910 EUR-37%
Assistant Retail Store Manager2,080 EUR-31%
Branch Manager2,810 EUR-7%
Cashier920 EUR-70%
Cashier Manager1,900 EUR-37%
Depot Manager2,780 EUR-8%
Deputy Sales Manager2,670 EUR-12%
Distribution Director3,070 EUR+1%
Global Wholesale Manager5,290 EUR+75%
Head Cashier1,800 EUR-41%
Head of Retail3,330 EUR+10%
Head Teller1,770 EUR-42%
Inside Sales Executive2,380 EUR-21%
Inside Sales Representative1,550 EUR-49%
Inventory Manager2,710 EUR-11%
Key Account Manager2,770 EUR-9%
Medical Device Sales2,120 EUR-30%
National Customer Solution Specialist3,000 EUR-1%
Parts Salesperson1,520 EUR-50%
Project Development Manager3,080 EUR+2%
Project Manager3,050 EUR+1%
Purchasing and Sales Executive4,230 EUR+40%
Quotation Engineer1,560 EUR-48%
Relationship Manager3,170 EUR+5%
Retail Operations Manager2,790 EUR-8%
Retail Sales Associate2,120 EUR-30%
Retail Store Manager3,030 EUR+0%
Revenue Manager2,890 EUR-5%
Sales Account Manager3,370 EUR+11%
Sales Admin Executive3,650 EUR+21%
Sales Assistant1,120 EUR-63%
Sales Associate1,420 EUR-53%
Sales Consultant2,130 EUR-30%
Sales Coordinator1,650 EUR-46%
Sales Development Representative1,950 EUR-36%
Sales Engineer1,750 EUR-42%
Sales Executive2,990 EUR-1%
Sales Manager3,890 EUR+28%
Sales Officer1,560 EUR-48%
Sales Planning Analyst2,430 EUR-20%
Sales Representative1,440 EUR-52%
Sales Specialist2,240 EUR-26%
Sales Support1,150 EUR-62%
Sales Team Leader2,350 EUR-22%
Sales Trainer2,670 EUR-12%
Securities Sales Agent2,460 EUR-19%
Shipper / Receiver1,160 EUR-62%
Shop Manager2,720 EUR-10%
Store Development Administrator1,860 EUR-39%
Trade Marketing Officer2,610 EUR-14%
Treasury Officer2,440 EUR-19%
Vice President Sales3,590 EUR+19%
Visual Merchandiser1,400 EUR-54%

Salary Comparison By City

CityAverage Salary
Athens3,140 EUR

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 Greece earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
2,370 EUR
Public Sector+6%
2,520 EUR
Percentage increase and decrease are relative to the previous value

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