Average Adjustment Insurance Clerk Salary in Vanuatu for 2024

In this article, we will look at the average Adjustment Insurance Clerk salary for 2024 in Vanuatu 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 Vanuatu vatu. To keep things simple, we are using the VUV currency code instead of the currency symbol Vt.

How Much Does an Adjustment Insurance Clerk Make in Vanuatu?

An Adjustment Insurance Clerk working in Vanuatu will typically earn around 464,400 VUV per year, and this can range from the lowest average salary of about 217,900 VUV to the highest average salary of 731,700 VUV.

Average Annual Salary
464,400 VUV
Average Monthly Salary
38,700 VUV

Lowest Annual Salary
217,900 VUV
Lowest Monthly Salary
18,158 VUV

Highest Annual Salary
731,700 VUV
Highest Monthly Salary
60,975 VUV

These are average salaries for an Adjustment Insurance Clerk in Vanuatu 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 Vanuatu

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

Salary ranges

We already know that an Adjustment Insurance Clerk can earn between 217,900 VUV and 731,700 VUV on average in Vanuatu. 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 Vanuatu is 491,000 VUV. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 491,000 VUV, and 50% of the population earn more than 491,000 VUV.

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 Vanuatu, 25% of the population are earning less than 317,700 VUV while 75% of the population earn more than 317,700 VUV.

75% of the population earn less than 646,600 VUV, and 25% of the population earn more than 646,600 VUV.

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 Vanuatu

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 Vanuatu that has less than two years of experience can expect to earn somewhere in the region of 249,600 VUV.
  • 2 - 5 Years Experience. With two to five years of experience the average Adjustment Insurance Clerk salary would increase to 345,700 VUV.
  • 5 - 10 Years Experience. From five to ten years of experience as an Adjustment Insurance Clerk, the average salary would be 493,000 VUV.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 600,000 VUV.
  • 15 - 20 Years Experience. An Adjustment Insurance Clerk with 15 to 20 years of experience can earn an average of 633,300 VUV.
  • 20+ Years Experience. For an Adjustment Insurance Clerk with more than 20 years, the expected average salary increases to 692,500 VUV.

Average Salary by Experience Chart

0-2 Years
249,600 VUV
2-5 Years +38%
345,700 VUV
5-10 Years +42%
493,000 VUV
10-15 Years +22%
600,000 VUV
15-20 Years +6%
633,300 VUV
20+ Years +9%
692,500 VUV

Adjustment Insurance Clerk Salary by Education Level in Vanuatu

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 Vanuatu 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 Vanuatu with a certificate or diploma education can earn an average salary of 313,700 VUV.

  • Bachelor's Degree. An Adjustment Insurance Clerk in Vanuatu with a bachelor's degree education can earn an average salary of 603,400 VUV.

Average Salary by Education Chart

Certificate or Diploma
313,700 VUV
Bachelor's Degree +91%
603,400 VUV

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 Vanuatu is around 495,000 to 1,490,000 VUV 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 Vanuatu, a male adjustment insurance clerk will earn an average of 498,500 VUV, while a female adjustment insurance clerk will earn around 437,300 VUV.

This means that a male adjustment insurance clerk earns approximately 14% more than a female adjustment insurance clerk for performing the same job.

Average Salary by Gender Chart in Vanuatu

Male
498,500 VUV
Female -14%
437,300 VUV

Adjustment Insurance Clerk Average Pay Raise in Vanuatu

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 Vanuatu is around 6% every 29 months.

The national average pay raise across all professions and industries in Vanuatu is around 4% every 29 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 = ( 6 ÷ 29 ) × 12  = 2%

What this means is that an Adjustment Insurance Clerk in Vanuatu can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Vanuatu for 2024

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

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

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

Adjustment Insurance Clerk Bonus and Incentive Rates in Vanuatu

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 14% of employees reporting at least one bonus in the last 12 months.

86% 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 0% to 4%.

Received Bonus
14%
No Bonus
86%

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 Vanuatu earn approximately 17% more than private sector employees in the same role.

Public Sector
1,296,900 VUV
Private Sector -17%
1,105,600 VUV

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 Vanuatu.

Job Title Category Salary
Actuarial Analyst Insurance 1,560,800 VUV
Actuarial Assistant Insurance 1,134,100 VUV
Actuarial Specialist Insurance 1,187,900 VUV
Actuary Insurance 1,560,800 VUV
Assistant Broker Insurance 752,600 VUV
Assistant Claims Manager Insurance 1,273,300 VUV
Associate Insurance Representative Insurance 619,000 VUV
Auditing Insurance Manager Insurance 1,728,900 VUV
Broker Insurance 1,191,100 VUV
Claim Advocacy Professional Insurance 1,159,000 VUV
Claims Adjuster Insurance 447,700 VUV
Claims Analyst Insurance 646,600 VUV
Claims Examiner Insurance 605,700 VUV
Claims Manager Insurance 1,703,200 VUV
Claims Processor Insurance 464,400 VUV
Claims Representative Insurance 545,300 VUV
Claims Resolution Specialist Insurance 1,283,600 VUV
Claims Supervisor Insurance 1,154,300 VUV
Complaints Specialist Insurance 1,088,800 VUV
Compliance Examiner Insurance 1,185,300 VUV
Compliance Officer Insurance 954,900 VUV
Compliance Reviewer Insurance 1,097,500 VUV
Consultant Insurance 1,249,900 VUV
Eligibility Interviewer Insurance 1,306,100 VUV
Eligibility Specialist Insurance 1,212,800 VUV
Insurance Account Manager Insurance 1,560,800 VUV
Insurance Accounts Executive Insurance 1,369,700 VUV
Insurance Adjuster Insurance 1,134,500 VUV
Insurance Agent Insurance 732,400 VUV
Insurance Analyst Insurance 1,212,800 VUV
Insurance Appraiser Insurance 1,175,700 VUV
Insurance Claims Clerk Insurance 451,000 VUV
Insurance Examiner Insurance 1,147,500 VUV
Insurance Investigator Insurance 1,102,900 VUV
Insurance Manager Insurance 2,052,200 VUV
Insurance Operations Manager Insurance 1,980,600 VUV
Insurance Policy Processing Clerk Insurance 451,000 VUV
Insurance Pricing Assistant Insurance 913,400 VUV
Insurance Program Manager Insurance 1,621,400 VUV
Insurance Project Manager Insurance 1,594,500 VUV
Insurance Quality Assurance Agent Insurance 1,037,600 VUV
Insurance Sales Agent Insurance 743,100 VUV
Insurance Sales Director Insurance 1,967,000 VUV
Insurance Sales Manager Insurance 1,510,400 VUV
Insurance Sales Representative Insurance 607,400 VUV
Insurance Team Leader Insurance 1,283,600 VUV
Insurance Underwriter Insurance 858,400 VUV
Loss Control Specialist Insurance 1,149,200 VUV
Loss Prevention Investigator Insurance 1,283,600 VUV
Loss Prevention Manager Insurance 1,678,300 VUV
Loss Prevention Specialist Insurance 1,273,300 VUV
Marine Underwriter Insurance 864,900 VUV
Medical Auditor Insurance 1,212,800 VUV
Monitoring and Performance Officer Insurance 832,300 VUV
Payment Services Specialist Insurance 1,235,600 VUV
Policy Change Director Insurance 1,811,000 VUV
Policy Change Supervisor Insurance 1,296,900 VUV
Policy Change Technician Insurance 598,600 VUV
Risk Analyst Insurance 1,345,400 VUV
Risk Management Director Insurance 2,401,300 VUV
Risk Management Supervisor Insurance 1,450,700 VUV
Risk Manager Insurance 2,230,100 VUV
Risk Modeling Manager Insurance 2,304,300 VUV
Title Insurance Typist Insurance 1,025,100 VUV
Training Manager Insurance 1,320,500 VUV

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