Average Adjustment Insurance Clerk Salary in Sao Tome and Principe for 2024

In this article, we will look at the average Adjustment Insurance Clerk salary for 2024 in Sao Tome and Principe and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the São Tomé and Príncipe dobra. To keep things simple, we are using the STN currency code instead of the currency symbol Db.

How Much Does an Adjustment Insurance Clerk Make in Sao Tome and Principe?

An Adjustment Insurance Clerk working in Sao Tome and Principe will typically earn around 28,560,900 STN per year, and this can range from the lowest average salary of about 15,360,400 STN to the highest average salary of 43,081,400 STN.

Average Annual Salary
28,560,900 STN
Average Monthly Salary
2,380,075 STN

Lowest Annual Salary
15,360,400 STN
Lowest Monthly Salary
1,280,033 STN

Highest Annual Salary
43,081,400 STN
Highest Monthly Salary
3,590,116 STN

These are average salaries for an Adjustment Insurance Clerk in Sao Tome and Principe and include benefits such as housing and transport. It's also possible for an Adjustment Insurance Clerk to earn more or less than the average salaries shown above.

Adjustment Insurance Clerk salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Adjustment Insurance Clerk Salaries in Sao Tome and Principe

So we've looked at the average salaries an Adjustment Insurance Clerk will earn in Sao Tome and Principe. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Adjustment Insurance Clerk can earn between 15,360,400 STN and 43,081,400 STN on average in Sao Tome and Principe. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Adjustment Insurance Clerk in Sao Tome and Principe is 26,280,300 STN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 26,280,300 STN, and 50% of the population earn more than 26,280,300 STN.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Adjustment Insurance Clerk salary in Sao Tome and Principe, 25% of the population are earning less than 18,720,200 STN while 75% of the population earn more than 18,720,200 STN.

75% of the population earn less than 31,800,300 STN, and 25% of the population earn more than 31,800,300 STN.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Adjustment Insurance Clerk Salary by Experience Level in Sao Tome and Principe

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average adjustment insurance clerk salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Adjustment Insurance Clerk in Sao Tome and Principe that has less than two years of experience can expect to earn somewhere in the region of 17,879,000 STN.
  • 2 - 5 Years Experience. With two to five years of experience the average Adjustment Insurance Clerk salary would increase to 22,558,900 STN.
  • 5 - 10 Years Experience. From five to ten years of experience as an Adjustment Insurance Clerk, the average salary would be 29,761,800 STN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 35,039,300 STN.
  • 15 - 20 Years Experience. An Adjustment Insurance Clerk with 15 to 20 years of experience can earn an average of 38,760,100 STN.
  • 20+ Years Experience. For an Adjustment Insurance Clerk with more than 20 years, the expected average salary increases to 41,280,700 STN.

Average Salary by Experience Chart

0-2 Years
17,879,000 STN
2-5 Years +26%
22,558,900 STN
5-10 Years +32%
29,761,800 STN
10-15 Years +18%
35,039,300 STN
15-20 Years +11%
38,760,100 STN
20+ Years +6%
41,280,700 STN

Adjustment Insurance Clerk Salary by Education Level in Sao Tome and Principe

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Adjustment Insurance Clerk in Sao Tome and Principe based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Adjustment Insurance Clerk in Sao Tome and Principe with a certificate or diploma education can earn an average salary of 24,841,800 STN.

  • Bachelor's Degree. An Adjustment Insurance Clerk in Sao Tome and Principe with a bachelor's degree education can earn an average salary of 36,960,300 STN.

Average Salary by Education Chart

Certificate or Diploma
24,841,800 STN
Bachelor's Degree +49%
36,960,300 STN

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Sao Tome and Principe is around 34,900,000 to 105,000,000 STN and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Adjustment Insurance Clerk Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Sao Tome and Principe, a male adjustment insurance clerk will earn an average of 29,519,900 STN, while a female adjustment insurance clerk will earn around 27,118,300 STN.

This means that a male adjustment insurance clerk earns approximately 9% more than a female adjustment insurance clerk for performing the same job.

Average Salary by Gender Chart in Sao Tome and Principe

Male
29,519,900 STN
Female -9%
27,118,300 STN

Adjustment Insurance Clerk Average Pay Raise in Sao Tome and Principe

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Adjustment Insurance Clerk in Sao Tome and Principe is around 7% every 27 months.

The national average pay raise across all professions and industries in Sao Tome and Principe is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 27 ) × 12  = 3%

What this means is that an Adjustment Insurance Clerk in Sao Tome and Principe can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Sao Tome and Principe for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Sao Tome and Principe.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Adjustment Insurance Clerk Bonus and Incentive Rates in Sao Tome and Principe

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Adjustment Insurance Clerk is a low bonus based job, with 7% of employees reporting at least one bonus in the last 12 months.

93% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 1% to 2%.

Received Bonus
7%
No Bonus
93%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Sao Tome and Principe earn approximately 11% more than private sector employees in the same role.

Public Sector
87,240,100 STN
Private Sector -11%
78,838,900 STN

Salaries for Jobs Similar to an Adjustment Insurance Clerk

In the table below, we have salary information for jobs that are similar to an Adjustment Insurance Clerk in Sao Tome and Principe.

Job Title Category Salary
Actuarial Analyst Insurance 112,319,100 STN
Actuarial Assistant Insurance 78,241,300 STN
Actuarial Specialist Insurance 78,598,500 STN
Actuary Insurance 108,000,700 STN
Assistant Broker Insurance 50,998,800 STN
Assistant Claims Manager Insurance 86,160,100 STN
Associate Insurance Representative Insurance 42,479,000 STN
Auditing Insurance Manager Insurance 124,799,100 STN
Broker Insurance 76,921,100 STN
Claim Advocacy Professional Insurance 84,238,600 STN
Claims Adjuster Insurance 30,961,800 STN
Claims Analyst Insurance 42,839,200 STN
Claims Examiner Insurance 42,479,000 STN
Claims Manager Insurance 113,999,200 STN
Claims Processor Insurance 29,761,800 STN
Claims Representative Insurance 34,198,600 STN
Claims Resolution Specialist Insurance 89,639,700 STN
Claims Supervisor Insurance 78,358,100 STN
Complaints Specialist Insurance 72,481,900 STN
Compliance Examiner Insurance 74,518,900 STN
Compliance Officer Insurance 66,359,800 STN
Compliance Reviewer Insurance 72,718,100 STN
Consultant Insurance 78,358,100 STN
Eligibility Interviewer Insurance 86,881,900 STN
Eligibility Specialist Insurance 78,598,500 STN
Insurance Account Manager Insurance 101,038,700 STN
Insurance Accounts Executive Insurance 89,639,700 STN
Insurance Adjuster Insurance 71,999,700 STN
Insurance Agent Insurance 47,999,400 STN
Insurance Analyst Insurance 75,838,700 STN
Insurance Appraiser Insurance 77,758,500 STN
Insurance Claims Clerk Insurance 28,560,900 STN
Insurance Examiner Insurance 76,921,100 STN
Insurance Investigator Insurance 78,241,300 STN
Insurance Manager Insurance 136,800,100 STN
Insurance Operations Manager Insurance 136,800,100 STN
Insurance Policy Processing Clerk Insurance 30,600,900 STN
Insurance Pricing Assistant Insurance 64,920,700 STN
Insurance Program Manager Insurance 107,761,600 STN
Insurance Project Manager Insurance 99,958,900 STN
Insurance Quality Assurance Agent Insurance 69,599,200 STN
Insurance Sales Agent Insurance 48,480,700 STN
Insurance Sales Director Insurance 135,600,300 STN
Insurance Sales Manager Insurance 100,798,800 STN
Insurance Sales Representative Insurance 42,000,700 STN
Insurance Team Leader Insurance 82,439,700 STN
Insurance Underwriter Insurance 62,400,200 STN
Loss Control Specialist Insurance 75,721,000 STN
Loss Prevention Investigator Insurance 80,640,500 STN
Loss Prevention Manager Insurance 111,720,700 STN
Loss Prevention Specialist Insurance 89,398,800 STN
Marine Underwriter Insurance 58,798,900 STN
Medical Auditor Insurance 80,759,700 STN
Monitoring and Performance Officer Insurance 56,998,400 STN
Payment Services Specialist Insurance 77,758,500 STN
Policy Change Director Insurance 119,761,300 STN
Policy Change Supervisor Insurance 90,479,600 STN
Policy Change Technician Insurance 40,199,100 STN
Risk Analyst Insurance 90,958,900 STN
Risk Management Director Insurance 156,000,100 STN
Risk Management Supervisor Insurance 99,838,700 STN
Risk Manager Insurance 147,600,500 STN
Risk Modeling Manager Insurance 145,200,100 STN
Title Insurance Typist Insurance 67,681,200 STN
Training Manager Insurance 89,041,300 STN

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