Average Binder and Finisher Salary in Åland Islands for 2024

In this article, we will look at the average Binder and Finisher salary for 2024 in Åland Islands 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol €.

How Much Does a Binder and Finisher Make in Åland Islands?

A Binder and Finisher working in Åland Islands will typically earn around 17,760 EUR per year, and this can range from the lowest average salary of about 8,560 EUR to the highest average salary of 26,400 EUR.

Average Annual Salary
17,760 EUR
Average Monthly Salary
1,480 EUR

Lowest Annual Salary
8,560 EUR
Lowest Monthly Salary
713 EUR

Highest Annual Salary
26,400 EUR
Highest Monthly Salary
2,200 EUR

These are average salaries for a Binder and Finisher in Åland Islands and include benefits such as housing and transport. It's also possible for a Binder and Finisher to earn more or less than the average salaries shown above.

Binder and Finisher 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 Binder and Finisher Salaries in Åland Islands

So we've looked at the average salaries a Binder and Finisher will earn in Åland Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Binder and Finisher can earn between 8,560 EUR and 26,400 EUR on average in Åland Islands. 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 Binder and Finisher in Åland Islands is 19,200 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 19,200 EUR, and 50% of the population earn more than 19,200 EUR.

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 Binder and Finisher salary in Åland Islands, 25% of the population are earning less than 11,040 EUR while 75% of the population earn more than 11,040 EUR.

75% of the population earn less than 21,980 EUR, and 25% of the population earn more than 21,980 EUR.

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.

Binder and Finisher Salary by Experience Level in Åland Islands

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 binder and finisher 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 Binder and Finisher in Åland Islands that has less than two years of experience can expect to earn somewhere in the region of 9,740 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Binder and Finisher salary would increase to 11,880 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Binder and Finisher, the average salary would be 18,900 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 24,840 EUR.
  • 15 - 20 Years Experience. A Binder and Finisher with 15 to 20 years of experience can earn an average of 25,680 EUR.
  • 20+ Years Experience. For a Binder and Finisher with more than 20 years, the expected average salary increases to 26,500 EUR.

Average Salary by Experience Chart

0-2 Years
9,740 EUR
2-5 Years +31%
11,880 EUR
5-10 Years +40%
18,900 EUR
10-15 Years +20%
24,840 EUR
15-20 Years +9%
25,680 EUR
20+ Years +8%
26,500 EUR

Binder and Finisher Salary by Education Level in Åland Islands

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 Binder and Finisher in Åland Islands 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 Binder and Finisher in Åland Islands with a high school education can earn an average salary of 13,060 EUR.

  • Certificate or Diploma. A Binder and Finisher in Åland Islands with a certificate or diploma education can earn an average salary of 19,940 EUR.

Average Salary by Education Chart

High School
13,060 EUR
Certificate or Diploma +76%
19,940 EUR

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 Åland Islands is around 18,200 to 54,600 EUR 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.

Binder and Finisher 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 Åland Islands, a male binder and finisher will earn an average of 20,500 EUR, while a female binder and finisher will earn around 16,340 EUR.

This means that a male binder and finisher earns approximately 25% more than a female binder and finisher for performing the same job.

Average Salary by Gender Chart in Åland Islands

Male
20,500 EUR
Female -25%
16,340 EUR

Binder and Finisher Average Pay Raise in Åland Islands

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 Binder and Finisher in Åland Islands is around 6% every 28 months.

The national average pay raise across all professions and industries in Åland Islands 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 = ( 6 ÷ 28 ) × 12  = 3%

What this means is that a Binder and Finisher in Åland Islands can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Åland Islands for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Binder and Finisher Bonus and Incentive Rates in Åland Islands

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 Binder and Finisher is a low bonus based job, with 10% of employees reporting at least one bonus in the last 12 months.

90% 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 3%.

Received Bonus
10%
No Bonus
90%

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

Public Sector
47,120 EUR
Private Sector -17%
40,240 EUR

Salaries for Jobs Similar to a Binder and Finisher

In the table below, we have salary information for jobs that are similar to a Binder and Finisher in Åland Islands.

Job Title Category Salary
Advertising Copywriter Publishing and Printing 37,880 EUR
Art Director Publishing and Printing 43,340 EUR
Art Supervisor Publishing and Printing 36,020 EUR
Artist Publishing and Printing 41,900 EUR
Assistant Editor Publishing and Printing 31,340 EUR
Associate Content Management Specialist Publishing and Printing 41,700 EUR
Associate Editor Publishing and Printing 33,520 EUR
Bindery Supervisor Publishing and Printing 23,360 EUR
Circulations Director Publishing and Printing 58,860 EUR
Color Matcher Publishing and Printing 22,340 EUR
Color Technician Publishing and Printing 21,380 EUR
Commissioning Editor Publishing and Printing 36,020 EUR
Communications Editor Publishing and Printing 33,980 EUR
Content Copywriter Publishing and Printing 42,460 EUR
Content Management Assistant Publishing and Printing 34,120 EUR
Content Publisher Publishing and Printing 34,120 EUR
Content Writer Publishing and Printing 40,420 EUR
CopyWriter Publishing and Printing 38,340 EUR
Corporate Print Center Specialist Publishing and Printing 30,700 EUR
Curator Publishing and Printing 33,960 EUR
DTP Operator Publishing and Printing 35,300 EUR
Editor Publishing and Printing 39,960 EUR
Electronic Publisher Publishing and Printing 42,040 EUR
Fashion Subeditor Publishing and Printing 42,320 EUR
Media Design Manager Publishing and Printing 67,020 EUR
Media Planner Publishing and Printing 43,340 EUR
Photographer Publishing and Printing 31,980 EUR
Planning and Supply Manager Publishing and Printing 74,940 EUR
Print Production Coordinator Publishing and Printing 35,520 EUR
Print Production Manager Publishing and Printing 72,180 EUR
Printing Press Operator Publishing and Printing 30,700 EUR
Production Editor Publishing and Printing 38,180 EUR
Proofreader Publishing and Printing 36,940 EUR
Publisher Publishing and Printing 44,720 EUR
Publishing and Printing Coordinator Publishing and Printing 31,400 EUR
Publishing and Printing Manager Publishing and Printing 68,400 EUR
Publishing and Printing Supervisor Publishing and Printing 56,100 EUR
Publishing Specialist Publishing and Printing 49,820 EUR
Reporter Publishing and Printing 52,460 EUR
Technical Writer Publishing and Printing 41,980 EUR
Technical Writing Manager Publishing and Printing 56,460 EUR

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