Average Bench Jeweler Salary in Saint Vincent and the Grenadines for 2024

In this article, we will look at the average Bench Jeweler salary for 2024 in Saint Vincent and the Grenadines 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 Eastern Caribbean dollar. To keep things simple, we are using the XCD currency code instead of the currency symbol $.

How Much Does a Bench Jeweler Make in Saint Vincent and the Grenadines?

A Bench Jeweler working in Saint Vincent and the Grenadines will typically earn around 13,780 XCD per year, and this can range from the lowest average salary of about 6,960 XCD to the highest average salary of 21,100 XCD.

Average Annual Salary
13,780 XCD
Average Monthly Salary
1,148 XCD

Lowest Annual Salary
6,960 XCD
Lowest Monthly Salary
580 XCD

Highest Annual Salary
21,100 XCD
Highest Monthly Salary
1,758 XCD

These are average salaries for a Bench Jeweler in Saint Vincent and the Grenadines and include benefits such as housing and transport. It's also possible for a Bench Jeweler to earn more or less than the average salaries shown above.

Bench Jeweler 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 Bench Jeweler Salaries in Saint Vincent and the Grenadines

So we've looked at the average salaries a Bench Jeweler will earn in Saint Vincent and the Grenadines. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Bench Jeweler can earn between 6,960 XCD and 21,100 XCD on average in Saint Vincent and the Grenadines. 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 a Bench Jeweler in Saint Vincent and the Grenadines is 14,620 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 14,620 XCD, and 50% of the population earn more than 14,620 XCD.

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 Bench Jeweler salary in Saint Vincent and the Grenadines, 25% of the population are earning less than 7,080 XCD while 75% of the population earn more than 7,080 XCD.

75% of the population earn less than 18,780 XCD, and 25% of the population earn more than 18,780 XCD.

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.

Bench Jeweler Salary by Experience Level in Saint Vincent and the Grenadines

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 bench jeweler 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. A Bench Jeweler in Saint Vincent and the Grenadines that has less than two years of experience can expect to earn somewhere in the region of 5,960 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Bench Jeweler salary would increase to 7,820 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Bench Jeweler, the average salary would be 14,540 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 15,380 XCD.
  • 15 - 20 Years Experience. A Bench Jeweler with 15 to 20 years of experience can earn an average of 18,780 XCD.
  • 20+ Years Experience. For a Bench Jeweler with more than 20 years, the expected average salary increases to 18,280 XCD.

Average Salary by Experience Chart

0-2 Years
5,960 XCD
2-5 Years +29%
7,820 XCD
5-10 Years +38%
14,540 XCD
10-15 Years +24%
15,380 XCD
15-20 Years +7%
18,780 XCD
20+ Years +7%
18,280 XCD

Bench Jeweler Salary by Education Level in Saint Vincent and the Grenadines

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 a Bench Jeweler in Saint Vincent and the Grenadines based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Bench Jeweler in Saint Vincent and the Grenadines with a high school education can earn an average salary of 12,300 XCD.

  • Certificate or Diploma. A Bench Jeweler in Saint Vincent and the Grenadines with a certificate or diploma education can earn an average salary of 17,860 XCD.

Average Salary by Education Chart

High School
12,300 XCD
Certificate or Diploma +65%
17,860 XCD

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 Saint Vincent and the Grenadines is around 17,000 to 50,900 XCD 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.

Bench Jeweler 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 Saint Vincent and the Grenadines, a male bench jeweler will earn an average of 11,040 XCD, while a female bench jeweler will earn around 11,880 XCD.

This means that a male bench jeweler earns approximately 7% less than a female bench jeweler for performing the same job.

Average Salary by Gender Chart in Saint Vincent and the Grenadines

Male
11,040 XCD
Female +7%
11,880 XCD

Bench Jeweler Average Pay Raise in Saint Vincent and the Grenadines

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 a Bench Jeweler in Saint Vincent and the Grenadines is around 5% every 29 months.

The national average pay raise across all professions and industries in Saint Vincent and the Grenadines 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 = ( 5 ÷ 29 ) × 12  = 2%

What this means is that a Bench Jeweler in Saint Vincent and the Grenadines can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Saint Vincent and the Grenadines for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Bench Jeweler Bonus and Incentive Rates in Saint Vincent and the Grenadines

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.

A Bench Jeweler is a low bonus based job, with 12% of employees reporting at least one bonus in the last 12 months.

88% 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
12%
No Bonus
88%

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 Saint Vincent and the Grenadines earn approximately 19% more than private sector employees in the same role.

Public Sector
45,060 XCD
Private Sector -19%
37,880 XCD

Salaries for Jobs Similar to a Bench Jeweler

In the table below, we have salary information for jobs that are similar to a Bench Jeweler in Saint Vincent and the Grenadines.

Job Title Category Salary
Alterations Specialist Fashion and Apparel 14,140 XCD
Barber Fashion and Apparel 17,540 XCD
Clothing and Textile Technologist Fashion and Apparel 34,480 XCD
Cosmetology Educator Fashion and Apparel 38,340 XCD
Diamond Setter Fashion and Apparel 16,140 XCD
Diamond Worker Fashion and Apparel 19,160 XCD
Fabric Manager Fashion and Apparel 39,640 XCD
Fashion Design Manager Fashion and Apparel 61,460 XCD
Fashion Designer Fashion and Apparel 50,240 XCD
Fashion Merchandiser Fashion and Apparel 24,860 XCD
Fashion Model Fashion and Apparel 35,520 XCD
Freelance Fashion Stylist Fashion and Apparel 56,460 XCD
Garment Technologist Fashion and Apparel 34,080 XCD
Hairstylist Fashion and Apparel 16,340 XCD
Jeweler Fashion and Apparel 28,720 XCD
Jewelry Mold Maker Fashion and Apparel 19,380 XCD
Jewelry Polisher Fashion and Apparel 11,040 XCD
Jewelry Sales Fashion and Apparel 26,080 XCD
Plating Manager Fashion and Apparel 42,320 XCD
Product Development Manager Fashion and Apparel 70,700 XCD
Sewing Machine Operator Fashion and Apparel 12,180 XCD
Shoe Sales Fashion and Apparel 19,860 XCD
Supply Chain Manager Fashion and Apparel 61,620 XCD
Tailor / Fitter Fashion and Apparel 14,140 XCD
Trend Forecaster Fashion and Apparel 37,800 XCD
Visual Merchandising Coordinator Fashion and Apparel 27,300 XCD
Visual Merchandising Projects Manager Fashion and Apparel 58,200 XCD

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