Average Boat Builder and Shipwright Salary in Laos for 2024

In this article, we will look at the average Boat Builder and Shipwright salary for 2024 in Laos 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 Lao kip. To keep things simple, we are using the LAK currency code instead of the currency symbol โ‚ญ.

How Much Does a Boat Builder and Shipwright Make in Laos?

A Boat Builder and Shipwright working in Laos will typically earn around 26,520,600 LAK per year, and this can range from the lowest average salary of about 12,239,700 LAK to the highest average salary of 42,239,100 LAK.

Average Annual Salary
26,520,600 LAK
Average Monthly Salary
2,210,050 LAK

Lowest Annual Salary
12,239,700 LAK
Lowest Monthly Salary
1,019,975 LAK

Highest Annual Salary
42,239,100 LAK
Highest Monthly Salary
3,519,925 LAK

These are average salaries for a Boat Builder and Shipwright in Laos and include benefits such as housing and transport. It's also possible for a Boat Builder and Shipwright to earn more or less than the average salaries shown above.

Boat Builder and Shipwright 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 Boat Builder and Shipwright Salaries in Laos

So we've looked at the average salaries a Boat Builder and Shipwright will earn in Laos. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Boat Builder and Shipwright can earn between 12,239,700 LAK and 42,239,100 LAK on average in Laos. 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 Boat Builder and Shipwright in Laos is 28,679,900 LAK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 28,679,900 LAK, and 50% of the population earn more than 28,679,900 LAK.

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 Boat Builder and Shipwright salary in Laos, 25% of the population are earning less than 18,359,600 LAK while 75% of the population earn more than 18,359,600 LAK.

75% of the population earn less than 38,281,500 LAK, and 25% of the population earn more than 38,281,500 LAK.

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.

Boat Builder and Shipwright Salary by Experience Level in Laos

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 boat builder and shipwright 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 Boat Builder and Shipwright in Laos that has less than two years of experience can expect to earn somewhere in the region of 13,919,600 LAK.
  • 2 - 5 Years Experience. With two to five years of experience the average Boat Builder and Shipwright salary would increase to 18,479,600 LAK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Boat Builder and Shipwright, the average salary would be 27,361,200 LAK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 33,360,800 LAK.
  • 15 - 20 Years Experience. A Boat Builder and Shipwright with 15 to 20 years of experience can earn an average of 36,358,600 LAK.
  • 20+ Years Experience. For a Boat Builder and Shipwright with more than 20 years, the expected average salary increases to 39,358,400 LAK.

Average Salary by Experience Chart

0-2 Years
13,919,600 LAK
2-5 Years +34%
18,479,600 LAK
5-10 Years +48%
27,361,200 LAK
10-15 Years +22%
33,360,800 LAK
15-20 Years +9%
36,358,600 LAK
20+ Years +8%
39,358,400 LAK

Boat Builder and Shipwright Salary by Education Level in Laos

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 Boat Builder and Shipwright in Laos 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 Boat Builder and Shipwright in Laos with a high school education can earn an average salary of 15,838,200 LAK.

  • Certificate or Diploma. A Boat Builder and Shipwright in Laos with a certificate or diploma education can earn an average salary of 24,841,800 LAK.

  • Bachelor's Degree. A Boat Builder and Shipwright in Laos with a bachelor's degree education can earn an average salary of 41,638,700 LAK.

Average Salary by Education Chart

High School
15,838,200 LAK
Certificate or Diploma +57%
24,841,800 LAK
Bachelor's Degree +68%
41,638,700 LAK

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 Laos is around 22,700,000 to 68,200,000 LAK 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.

Boat Builder and Shipwright 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 Laos, a male boat builder and shipwright will earn an average of 28,200,200 LAK, while a female boat builder and shipwright will earn around 24,958,800 LAK.

This means that a male boat builder and shipwright earns approximately 13% more than a female boat builder and shipwright for performing the same job.

Average Salary by Gender Chart in Laos

Male
28,200,200 LAK
Female -13%
24,958,800 LAK

Boat Builder and Shipwright Average Pay Raise in Laos

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 Boat Builder and Shipwright in Laos is around 4% every 31 months.

The national average pay raise across all professions and industries in Laos 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 = ( 4 ÷ 31 ) × 12  = 2%

What this means is that a Boat Builder and Shipwright in Laos can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Laos for 2024

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

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

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

Boat Builder and Shipwright Bonus and Incentive Rates in Laos

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 Boat Builder and Shipwright is a low bonus based job, with 15% of employees reporting at least one bonus in the last 12 months.

85% 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
15%
No Bonus
85%

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 Laos earn approximately 25% more than private sector employees in the same role.

Public Sector
60,598,100 LAK
Private Sector -25%
48,601,200 LAK

Salaries for Jobs Similar to a Boat Builder and Shipwright

In the table below, we have salary information for jobs that are similar to a Boat Builder and Shipwright in Laos.

Job Title Category Salary
Adjudicator Construction / Building / Installation 22,081,800 LAK
Assembler Construction / Building / Installation 17,879,000 LAK
Bricklayer Construction / Building / Installation 15,480,300 LAK
Building Administrator Construction / Building / Installation 23,040,200 LAK
Building Contracts Manager Construction / Building / Installation 83,160,200 LAK
Building Inspector Construction / Building / Installation 22,558,900 LAK
Building Monitor Construction / Building / Installation 18,359,600 LAK
Building Sales Manager Construction / Building / Installation 75,360,300 LAK
Cabinetmaker Construction / Building / Installation 18,001,100 LAK
Carpenter Construction / Building / Installation 20,400,600 LAK
Civil Engineer Construction / Building / Installation 51,479,800 LAK
Civil Technician Construction / Building / Installation 27,241,100 LAK
Concreter Construction / Building / Installation 16,439,200 LAK
Construction and Building Inspector Construction / Building / Installation 23,280,700 LAK
Construction and Maintenance Manager Construction / Building / Installation 40,321,500 LAK
Construction Assistant Construction / Building / Installation 21,478,100 LAK
Construction Coordinator Construction / Building / Installation 31,440,200 LAK
Construction Estimator Construction / Building / Installation 32,161,000 LAK
Construction Field Engineer Construction / Building / Installation 45,119,800 LAK
Construction General Manager Construction / Building / Installation 93,358,300 LAK
Construction Inventory Officer Construction / Building / Installation 18,598,500 LAK
Construction Manager Construction / Building / Installation 94,079,900 LAK
Construction Operations Manager Construction / Building / Installation 85,318,400 LAK
Construction Project Controls Manager Construction / Building / Installation 68,760,500 LAK
Construction Project Coordinator Construction / Building / Installation 55,678,400 LAK
Construction Project Engineer Construction / Building / Installation 55,318,200 LAK
Construction Project Manager Construction / Building / Installation 89,041,300 LAK
Construction Project Manager Construction / Building / Installation 91,560,700 LAK
Construction Project Planner Construction / Building / Installation 49,318,100 LAK
Construction Quality Control Manager Construction / Building / Installation 69,959,300 LAK
Construction Safety Officer Construction / Building / Installation 33,841,700 LAK
Construction Superintendent Construction / Building / Installation 33,360,800 LAK
Construction Supervisor Construction / Building / Installation 50,759,100 LAK
Construction Technical Assistant Construction / Building / Installation 19,799,400 LAK
Construction Technical Officer Construction / Building / Installation 22,081,800 LAK
Construction Technical Writer Construction / Building / Installation 21,361,700 LAK
Construction Technician Construction / Building / Installation 18,359,600 LAK
Construction Worker Construction / Building / Installation 15,480,300 LAK
Crane and Tower Operator Construction / Building / Installation 18,840,100 LAK
Crane Operator Construction / Building / Installation 19,321,100 LAK
Diesel Mechanic Construction / Building / Installation 17,159,700 LAK
Draughtsman Construction / Building / Installation 15,838,200 LAK
Drywall Installer Construction / Building / Installation 19,799,400 LAK
Electrical Draftsman Construction / Building / Installation 17,758,500 LAK
Electrical Engineering Supervisor Construction / Building / Installation 60,239,600 LAK
Electrical Engineering Technician Construction / Building / Installation 22,321,900 LAK
Electrical Supervisor Construction / Building / Installation 38,281,500 LAK
Electrician Construction / Building / Installation 28,439,500 LAK
Elevator Installer and Repairer Construction / Building / Installation 22,441,700 LAK
Engineer Construction / Building / Installation 50,759,100 LAK
Excavator Operator Construction / Building / Installation 18,479,600 LAK
Field Inspector Construction / Building / Installation 33,119,100 LAK
Floor Finisher Construction / Building / Installation 20,038,100 LAK
Floor Manager Construction / Building / Installation 29,641,500 LAK
Foreman Construction / Building / Installation 15,238,200 LAK
Frame and Truss Detailer Construction / Building / Installation 16,198,300 LAK
Furniture Finisher Construction / Building / Installation 18,121,700 LAK
Gas Technician Construction / Building / Installation 16,799,900 LAK
Handyman Construction / Building / Installation 15,480,300 LAK
Health and Safety Coordinator Construction / Building / Installation 22,681,800 LAK
Health and Safety Officer Construction / Building / Installation 25,919,400 LAK
Installation Manager Construction / Building / Installation 63,959,400 LAK
Installer Construction / Building / Installation 16,079,800 LAK
Insulation Installer Construction / Building / Installation 17,399,400 LAK
Labourer Construction / Building / Installation 14,519,400 LAK
Land Surveyor Construction / Building / Installation 22,558,900 LAK
Lift Technician Construction / Building / Installation 18,359,600 LAK
Maintenance Foreman Construction / Building / Installation 15,360,400 LAK
Material Tester Construction / Building / Installation 27,601,100 LAK
Model Maker Construction / Building / Installation 26,520,600 LAK
Order Picker Construction / Building / Installation 16,679,800 LAK
Painter Construction / Building / Installation 16,799,900 LAK
Pipe Layer Construction / Building / Installation 14,639,900 LAK
Pipe Welder Construction / Building / Installation 14,760,200 LAK
Pipefitter Construction / Building / Installation 14,880,300 LAK
Plumber Construction / Building / Installation 19,921,600 LAK
Property Coordinator Construction / Building / Installation 46,080,100 LAK
Purchasing Manager Construction / Building / Installation 61,799,000 LAK
Quantity Estimator Construction / Building / Installation 33,961,700 LAK
Quantity Surveyor Construction / Building / Installation 33,481,400 LAK
Roof Slater and Tiler Construction / Building / Installation 16,198,300 LAK
Sheet Metal Mechanic Construction / Building / Installation 18,239,400 LAK
Sheet Metal Worker Construction / Building / Installation 14,880,300 LAK
Site Clerk Construction / Building / Installation 17,278,100 LAK
Site engineer Construction / Building / Installation 48,360,600 LAK
Site Leader Construction / Building / Installation 83,641,100 LAK
Stock Controller Construction / Building / Installation 27,118,300 LAK
Structural Steel Construction Worker Construction / Building / Installation 18,598,500 LAK
Technical Draughtsman Construction / Building / Installation 20,878,800 LAK
Tender Manager Construction / Building / Installation 78,241,300 LAK
Tendering Manager Construction / Building / Installation 76,560,700 LAK
Tower Crane Operator Construction / Building / Installation 18,359,600 LAK
Wall and Floor Tiler Construction / Building / Installation 16,439,200 LAK
Warehouse Manager Construction / Building / Installation 58,798,900 LAK
Welder Construction / Building / Installation 15,360,400 LAK
Welding Superintendent Construction / Building / Installation 20,400,600 LAK

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