Average Assistant Claims Manager Salary in Honduras for 2024

In this article, we will look at the average Assistant Claims Manager salary for 2024 in Honduras 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 Honduran lempira. To keep things simple, we are using the HNL currency code instead of the currency symbol L.

How Much Does an Assistant Claims Manager Make in Honduras?

An Assistant Claims Manager working in Honduras will typically earn around 341,900 HNL per year, and this can range from the lowest average salary of about 167,100 HNL to the highest average salary of 535,800 HNL.

Average Annual Salary
341,900 HNL
Average Monthly Salary
28,491 HNL

Lowest Annual Salary
167,100 HNL
Lowest Monthly Salary
13,925 HNL

Highest Annual Salary
535,800 HNL
Highest Monthly Salary
44,650 HNL

These are average salaries for an Assistant Claims Manager in Honduras and include benefits such as housing and transport. It's also possible for an Assistant Claims Manager to earn more or less than the average salaries shown above.

Assistant Claims Manager 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 Assistant Claims Manager Salaries in Honduras

So we've looked at the average salaries an Assistant Claims Manager will earn in Honduras. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Assistant Claims Manager can earn between 167,100 HNL and 535,800 HNL on average in Honduras. 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 Assistant Claims Manager in Honduras is 352,000 HNL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 352,000 HNL, and 50% of the population earn more than 352,000 HNL.

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 Assistant Claims Manager salary in Honduras, 25% of the population are earning less than 232,400 HNL while 75% of the population earn more than 232,400 HNL.

75% of the population earn less than 450,300 HNL, and 25% of the population earn more than 450,300 HNL.

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.

Assistant Claims Manager Salary by Experience Level in Honduras

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 assistant claims manager 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 Assistant Claims Manager in Honduras that has less than two years of experience can expect to earn somewhere in the region of 197,600 HNL.
  • 2 - 5 Years Experience. With two to five years of experience the average Assistant Claims Manager salary would increase to 258,400 HNL.
  • 5 - 10 Years Experience. From five to ten years of experience as an Assistant Claims Manager, the average salary would be 353,600 HNL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 436,200 HNL.
  • 15 - 20 Years Experience. An Assistant Claims Manager with 15 to 20 years of experience can earn an average of 467,700 HNL.
  • 20+ Years Experience. For an Assistant Claims Manager with more than 20 years, the expected average salary increases to 500,100 HNL.

Average Salary by Experience Chart

0-2 Years
197,600 HNL
2-5 Years +29%
258,400 HNL
5-10 Years +38%
353,600 HNL
10-15 Years +24%
436,200 HNL
15-20 Years +7%
467,700 HNL
20+ Years +7%
500,100 HNL

Assistant Claims Manager Salary by Education Level in Honduras

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 Assistant Claims Manager in Honduras 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 Assistant Claims Manager in Honduras with a certificate or diploma education can earn an average salary of 258,400 HNL.

  • Bachelor's Degree. An Assistant Claims Manager in Honduras with a bachelor's degree education can earn an average salary of 345,100 HNL.

  • Master's Degree. An Assistant Claims Manager in Honduras with a master's degree education can earn an average salary of 528,500 HNL.

Average Salary by Education Chart

Certificate or Diploma
258,400 HNL
Bachelor's Degree +34%
345,100 HNL
Master's Degree +53%
528,500 HNL

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 Honduras is around 141,000 to 422,000 HNL 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.

Assistant Claims Manager 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 Honduras, a male assistant claims manager will earn an average of 354,000 HNL, while a female assistant claims manager will earn around 325,600 HNL.

This means that a male assistant claims manager earns approximately 9% more than a female assistant claims manager for performing the same job.

Average Salary by Gender Chart in Honduras

Male
354,000 HNL
Female -9%
325,600 HNL

Assistant Claims Manager Average Pay Raise in Honduras

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 Assistant Claims Manager in Honduras is around 8% every 28 months.

The national average pay raise across all professions and industries in Honduras 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that an Assistant Claims Manager in Honduras can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Honduras for 2024

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

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

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

Assistant Claims Manager Bonus and Incentive Rates in Honduras

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 Assistant Claims Manager is a moderate bonus based job, with 63% of employees reporting at least one bonus in the last 12 months.

37% 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 5% to 9%.

Received Bonus
63%
No Bonus
37%

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 Honduras earn approximately 13% more than private sector employees in the same role.

Public Sector
353,600 HNL
Private Sector -13%
312,400 HNL

Salaries for Jobs Similar to an Assistant Claims Manager

In the table below, we have salary information for jobs that are similar to an Assistant Claims Manager in Honduras.

Job Title Category Salary
Actuarial Analyst Insurance 433,400 HNL
Actuarial Assistant Insurance 305,600 HNL
Actuarial Specialist Insurance 308,900 HNL
Actuary Insurance 444,300 HNL
Adjustment Insurance Clerk Insurance 119,900 HNL
Assistant Broker Insurance 197,600 HNL
Associate Insurance Representative Insurance 172,200 HNL
Auditing Insurance Manager Insurance 483,400 HNL
Broker Insurance 327,800 HNL
Claim Advocacy Professional Insurance 317,700 HNL
Claims Adjuster Insurance 119,700 HNL
Claims Analyst Insurance 167,100 HNL
Claims Examiner Insurance 168,100 HNL
Claims Manager Insurance 450,300 HNL
Claims Processor Insurance 117,520 HNL
Claims Representative Insurance 138,200 HNL
Claims Resolution Specialist Insurance 341,400 HNL
Claims Supervisor Insurance 315,700 HNL
Complaints Specialist Insurance 301,600 HNL
Compliance Examiner Insurance 315,900 HNL
Compliance Officer Insurance 259,100 HNL
Compliance Reviewer Insurance 311,700 HNL
Consultant Insurance 332,100 HNL
Eligibility Interviewer Insurance 341,400 HNL
Eligibility Specialist Insurance 315,900 HNL
Insurance Account Manager Insurance 412,000 HNL
Insurance Accounts Executive Insurance 348,300 HNL
Insurance Adjuster Insurance 312,400 HNL
Insurance Agent Insurance 197,600 HNL
Insurance Analyst Insurance 308,900 HNL
Insurance Appraiser Insurance 308,300 HNL
Insurance Claims Clerk Insurance 114,900 HNL
Insurance Examiner Insurance 308,300 HNL
Insurance Investigator Insurance 315,900 HNL
Insurance Manager Insurance 548,800 HNL
Insurance Operations Manager Insurance 576,500 HNL
Insurance Policy Processing Clerk Insurance 124,400 HNL
Insurance Pricing Assistant Insurance 243,000 HNL
Insurance Program Manager Insurance 414,000 HNL
Insurance Project Manager Insurance 424,900 HNL
Insurance Quality Assurance Agent Insurance 275,800 HNL
Insurance Sales Agent Insurance 197,600 HNL
Insurance Sales Director Insurance 528,600 HNL
Insurance Sales Manager Insurance 433,400 HNL
Insurance Sales Representative Insurance 172,400 HNL
Insurance Team Leader Insurance 340,400 HNL
Insurance Underwriter Insurance 237,400 HNL
Loss Control Specialist Insurance 297,000 HNL
Loss Prevention Investigator Insurance 319,600 HNL
Loss Prevention Manager Insurance 447,300 HNL
Loss Prevention Specialist Insurance 361,600 HNL
Marine Underwriter Insurance 233,900 HNL
Medical Auditor Insurance 322,600 HNL
Monitoring and Performance Officer Insurance 216,800 HNL
Payment Services Specialist Insurance 308,300 HNL
Policy Change Director Insurance 489,600 HNL
Policy Change Supervisor Insurance 335,800 HNL
Policy Change Technician Insurance 151,800 HNL
Risk Analyst Insurance 341,900 HNL
Risk Management Director Insurance 592,200 HNL
Risk Management Supervisor Insurance 420,100 HNL
Risk Manager Insurance 625,000 HNL
Risk Modeling Manager Insurance 623,200 HNL
Title Insurance Typist Insurance 286,400 HNL
Training Manager Insurance 344,600 HNL

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