Average Building Monitor Salary in Micronesia for 2024

In this article, we will look at the average Building Monitor salary for 2024 in Micronesia 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Building Monitor Make in Micronesia?

A Building Monitor working in Micronesia will typically earn around 6,700 USD per year, and this can range from the lowest average salary of about 4,480 USD to the highest average salary of 8,960 USD.

Average Annual Salary
6,700 USD
Average Monthly Salary
558 USD

Lowest Annual Salary
4,480 USD
Lowest Monthly Salary
373 USD

Highest Annual Salary
8,960 USD
Highest Monthly Salary
746 USD

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

Building Monitor 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 Building Monitor Salaries in Micronesia

So we've looked at the average salaries a Building Monitor will earn in Micronesia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Building Monitor can earn between 4,480 USD and 8,960 USD on average in Micronesia. 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 Building Monitor in Micronesia is 4,320 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 4,320 USD, and 50% of the population earn more than 4,320 USD.

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 Building Monitor salary in Micronesia, 25% of the population are earning less than 1,580 USD while 75% of the population earn more than 1,580 USD.

75% of the population earn less than 5,400 USD, and 25% of the population earn more than 5,400 USD.

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.

Building Monitor Salary by Experience Level in Micronesia

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 building monitor 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 Building Monitor in Micronesia that has less than two years of experience can expect to earn somewhere in the region of 1,460 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Building Monitor salary would increase to 2,420 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Building Monitor, the average salary would be 3,940 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 5,200 USD.
  • 15 - 20 Years Experience. A Building Monitor with 15 to 20 years of experience can earn an average of 7,620 USD.
  • 20+ Years Experience. For a Building Monitor with more than 20 years, the expected average salary increases to 7,300 USD.

Average Salary by Experience Chart

0-2 Years
1,460 USD
2-5 Years +26%
2,420 USD
5-10 Years +32%
3,940 USD
10-15 Years +18%
5,200 USD
15-20 Years +11%
7,620 USD
20+ Years +6%
7,300 USD

Building Monitor Salary by Education Level in Micronesia

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 Building Monitor in Micronesia 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 Building Monitor in Micronesia with a high school education can earn an average salary of 2,420 USD.

  • Certificate or Diploma. A Building Monitor in Micronesia with a certificate or diploma education can earn an average salary of 6,180 USD.

  • Bachelor's Degree. A Building Monitor in Micronesia with a bachelor's degree education can earn an average salary of 7,040 USD.

Average Salary by Education Chart

High School
2,420 USD
Certificate or Diploma +37%
6,180 USD
Bachelor's Degree +29%
7,040 USD

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 Micronesia is around 7,020 to 21,100 USD 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.

Building Monitor 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 Micronesia, a male building monitor will earn an average of 5,720 USD, while a female building monitor will earn around 6,760 USD.

This means that a male building monitor earns approximately 15% less than a female building monitor for performing the same job.

Average Salary by Gender Chart in Micronesia

Male
5,720 USD
Female +15%
6,760 USD

Building Monitor Average Pay Raise in Micronesia

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 Building Monitor in Micronesia is around 5% every 29 months.

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

What this means is that a Building Monitor in Micronesia can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Micronesia for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Building Monitor Bonus and Incentive Rates in Micronesia

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 Building Monitor is a low bonus based job, with 7% of employees reporting at least one bonus in the last 12 months.

93% 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 2%.

Received Bonus
7%
No Bonus
93%

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 Micronesia earn approximately 4% less than private sector employees in the same role.

Public Sector
15,700 USD
Private Sector +4%
16,400 USD

Salaries for Jobs Similar to a Building Monitor

In the table below, we have salary information for jobs that are similar to a Building Monitor in Micronesia.

Job Title Category Salary
Adjudicator Construction / Building / Installation 6,960 USD
Assembler Construction / Building / Installation 6,700 USD
Boat Builder and Shipwright Construction / Building / Installation 8,780 USD
Bricklayer Construction / Building / Installation 4,840 USD
Building Administrator Construction / Building / Installation 6,080 USD
Building Contracts Manager Construction / Building / Installation 23,480 USD
Building Inspector Construction / Building / Installation 6,080 USD
Building Sales Manager Construction / Building / Installation 21,300 USD
Cabinetmaker Construction / Building / Installation 6,700 USD
Carpenter Construction / Building / Installation 5,040 USD
Civil Engineer Construction / Building / Installation 16,400 USD
Civil Technician Construction / Building / Installation 5,960 USD
Concreter Construction / Building / Installation 6,300 USD
Construction and Building Inspector Construction / Building / Installation 6,960 USD
Construction and Maintenance Manager Construction / Building / Installation 12,200 USD
Construction Assistant Construction / Building / Installation 6,960 USD
Construction Coordinator Construction / Building / Installation 7,240 USD
Construction Estimator Construction / Building / Installation 9,980 USD
Construction Field Engineer Construction / Building / Installation 13,960 USD
Construction General Manager Construction / Building / Installation 28,900 USD
Construction Inventory Officer Construction / Building / Installation 6,700 USD
Construction Manager Construction / Building / Installation 30,700 USD
Construction Operations Manager Construction / Building / Installation 26,780 USD
Construction Project Controls Manager Construction / Building / Installation 21,100 USD
Construction Project Coordinator Construction / Building / Installation 16,720 USD
Construction Project Engineer Construction / Building / Installation 15,580 USD
Construction Project Manager Construction / Building / Installation 26,400 USD
Construction Project Manager Construction / Building / Installation 26,500 USD
Construction Project Planner Construction / Building / Installation 17,260 USD
Construction Quality Control Manager Construction / Building / Installation 23,520 USD
Construction Safety Officer Construction / Building / Installation 9,980 USD
Construction Superintendent Construction / Building / Installation 9,740 USD
Construction Supervisor Construction / Building / Installation 17,260 USD
Construction Technical Assistant Construction / Building / Installation 3,940 USD
Construction Technical Officer Construction / Building / Installation 6,080 USD
Construction Technical Writer Construction / Building / Installation 6,080 USD
Construction Technician Construction / Building / Installation 6,700 USD
Construction Worker Construction / Building / Installation 6,300 USD
Crane and Tower Operator Construction / Building / Installation 5,720 USD
Crane Operator Construction / Building / Installation 5,720 USD
Diesel Mechanic Construction / Building / Installation 4,940 USD
Draughtsman Construction / Building / Installation 5,780 USD
Drywall Installer Construction / Building / Installation 3,940 USD
Electrical Draftsman Construction / Building / Installation 3,940 USD
Electrical Engineering Supervisor Construction / Building / Installation 15,300 USD
Electrical Engineering Technician Construction / Building / Installation 5,200 USD
Electrical Supervisor Construction / Building / Installation 13,660 USD
Electrician Construction / Building / Installation 8,960 USD
Elevator Installer and Repairer Construction / Building / Installation 5,520 USD
Engineer Construction / Building / Installation 17,540 USD
Excavator Operator Construction / Building / Installation 6,700 USD
Field Inspector Construction / Building / Installation 7,820 USD
Floor Finisher Construction / Building / Installation 5,620 USD
Floor Manager Construction / Building / Installation 7,800 USD
Foreman Construction / Building / Installation 2,420 USD
Frame and Truss Detailer Construction / Building / Installation 6,760 USD
Furniture Finisher Construction / Building / Installation 6,480 USD
Gas Technician Construction / Building / Installation 6,760 USD
Handyman Construction / Building / Installation 4,320 USD
Health and Safety Coordinator Construction / Building / Installation 6,080 USD
Health and Safety Officer Construction / Building / Installation 6,200 USD
Installation Manager Construction / Building / Installation 18,280 USD
Installer Construction / Building / Installation 6,300 USD
Insulation Installer Construction / Building / Installation 6,480 USD
Labourer Construction / Building / Installation 2,420 USD
Land Surveyor Construction / Building / Installation 8,440 USD
Lift Technician Construction / Building / Installation 6,760 USD
Maintenance Foreman Construction / Building / Installation 4,320 USD
Material Tester Construction / Building / Installation 10,100 USD
Model Maker Construction / Building / Installation 8,780 USD
Order Picker Construction / Building / Installation 5,780 USD
Painter Construction / Building / Installation 6,480 USD
Pipe Layer Construction / Building / Installation 6,000 USD
Pipe Welder Construction / Building / Installation 2,420 USD
Pipefitter Construction / Building / Installation 4,840 USD
Plumber Construction / Building / Installation 5,400 USD
Property Coordinator Construction / Building / Installation 13,700 USD
Purchasing Manager Construction / Building / Installation 19,200 USD
Quantity Estimator Construction / Building / Installation 8,100 USD
Quantity Surveyor Construction / Building / Installation 9,980 USD
Roof Slater and Tiler Construction / Building / Installation 4,320 USD
Sheet Metal Mechanic Construction / Building / Installation 6,760 USD
Sheet Metal Worker Construction / Building / Installation 5,780 USD
Site Clerk Construction / Building / Installation 5,720 USD
Site engineer Construction / Building / Installation 12,240 USD
Site Leader Construction / Building / Installation 24,800 USD
Stock Controller Construction / Building / Installation 7,040 USD
Structural Steel Construction Worker Construction / Building / Installation 5,720 USD
Technical Draughtsman Construction / Building / Installation 6,180 USD
Tender Manager Construction / Building / Installation 24,280 USD
Tendering Manager Construction / Building / Installation 22,420 USD
Tower Crane Operator Construction / Building / Installation 5,720 USD
Wall and Floor Tiler Construction / Building / Installation 4,940 USD
Warehouse Manager Construction / Building / Installation 19,640 USD
Welder Construction / Building / Installation 4,840 USD
Welding Superintendent Construction / Building / Installation 6,960 USD

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