Average Complaints Specialist Salary in Faroe Islands for 2024

In this article, we will look at the average Complaints Specialist salary for 2024 in Faroe 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 Danish krone. To keep things simple, we are using the DKK currency code instead of the currency symbol kr.

How Much Does a Complaints Specialist Make in Faroe Islands?

A Complaints Specialist working in Faroe Islands will typically earn around 301,600 DKK per year, and this can range from the lowest average salary of about 138,200 DKK to the highest average salary of 480,600 DKK.

Average Annual Salary
301,600 DKK
Average Monthly Salary
25,133 DKK

Lowest Annual Salary
138,200 DKK
Lowest Monthly Salary
11,516 DKK

Highest Annual Salary
480,600 DKK
Highest Monthly Salary
40,050 DKK

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

Complaints Specialist 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 Complaints Specialist Salaries in Faroe Islands

So we've looked at the average salaries a Complaints Specialist will earn in Faroe Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Complaints Specialist can earn between 138,200 DKK and 480,600 DKK on average in Faroe 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 Complaints Specialist in Faroe Islands is 325,900 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 325,900 DKK, and 50% of the population earn more than 325,900 DKK.

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 Complaints Specialist salary in Faroe Islands, 25% of the population are earning less than 209,700 DKK while 75% of the population earn more than 209,700 DKK.

75% of the population earn less than 433,800 DKK, and 25% of the population earn more than 433,800 DKK.

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.

Complaints Specialist Salary by Experience Level in Faroe 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 complaints specialist 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 Complaints Specialist in Faroe Islands that has less than two years of experience can expect to earn somewhere in the region of 158,700 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Complaints Specialist salary would increase to 209,500 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Complaints Specialist, the average salary would be 311,700 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 378,800 DKK.
  • 15 - 20 Years Experience. A Complaints Specialist with 15 to 20 years of experience can earn an average of 413,900 DKK.
  • 20+ Years Experience. For a Complaints Specialist with more than 20 years, the expected average salary increases to 448,500 DKK.

Average Salary by Experience Chart

0-2 Years
158,700 DKK
2-5 Years +34%
209,500 DKK
5-10 Years +48%
311,700 DKK
10-15 Years +22%
378,800 DKK
15-20 Years +9%
413,900 DKK
20+ Years +8%
448,500 DKK

Complaints Specialist Salary by Education Level in Faroe 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 Complaints Specialist in Faroe Islands 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. A Complaints Specialist in Faroe Islands with a certificate or diploma education can earn an average salary of 180,500 DKK.

  • Bachelor's Degree. A Complaints Specialist in Faroe Islands with a bachelor's degree education can earn an average salary of 283,400 DKK.

  • Master's Degree. A Complaints Specialist in Faroe Islands with a master's degree education can earn an average salary of 472,100 DKK.

Average Salary by Education Chart

Certificate or Diploma
180,500 DKK
Bachelor's Degree +57%
283,400 DKK
Master's Degree +68%
472,100 DKK

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 Faroe Islands is around 134,000 to 401,000 DKK 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.

Complaints Specialist 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 Faroe Islands, a male complaints specialist will earn an average of 327,300 DKK, while a female complaints specialist will earn around 275,800 DKK.

This means that a male complaints specialist earns approximately 19% more than a female complaints specialist for performing the same job.

Average Salary by Gender Chart in Faroe Islands

Male
327,300 DKK
Female -19%
275,800 DKK

Complaints Specialist Average Pay Raise in Faroe 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 Complaints Specialist in Faroe Islands is around 7% every 29 months.

The national average pay raise across all professions and industries in Faroe Islands 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 = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Complaints Specialist in Faroe Islands can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Faroe Islands for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Complaints Specialist Bonus and Incentive Rates in Faroe 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 Complaints Specialist is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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 2% to 7%.

Received Bonus
41%
No Bonus
59%

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 Faroe Islands earn approximately 19% more than private sector employees in the same role.

Public Sector
352,000 DKK
Private Sector -19%
297,000 DKK

Salaries for Jobs Similar to a Complaints Specialist

In the table below, we have salary information for jobs that are similar to a Complaints Specialist in Faroe Islands.

Job Title Category Salary
Actuarial Analyst Insurance 414,000 DKK
Actuarial Assistant Insurance 283,400 DKK
Actuarial Specialist Insurance 308,900 DKK
Actuary Insurance 401,300 DKK
Adjustment Insurance Clerk Insurance 118,800 DKK
Assistant Broker Insurance 197,600 DKK
Assistant Claims Manager Insurance 335,100 DKK
Associate Insurance Representative Insurance 169,000 DKK
Auditing Insurance Manager Insurance 459,300 DKK
Broker Insurance 301,700 DKK
Claim Advocacy Professional Insurance 317,700 DKK
Claims Adjuster Insurance 112,460 DKK
Claims Analyst Insurance 167,100 DKK
Claims Examiner Insurance 161,600 DKK
Claims Manager Insurance 431,100 DKK
Claims Processor Insurance 119,900 DKK
Claims Representative Insurance 136,200 DKK
Claims Resolution Specialist Insurance 332,100 DKK
Claims Supervisor Insurance 315,700 DKK
Compliance Examiner Insurance 288,100 DKK
Compliance Officer Insurance 246,500 DKK
Compliance Reviewer Insurance 301,700 DKK
Consultant Insurance 301,300 DKK
Eligibility Interviewer Insurance 352,000 DKK
Eligibility Specialist Insurance 309,800 DKK
Insurance Account Manager Insurance 371,100 DKK
Insurance Accounts Executive Insurance 340,400 DKK
Insurance Adjuster Insurance 294,700 DKK
Insurance Agent Insurance 189,300 DKK
Insurance Analyst Insurance 322,600 DKK
Insurance Appraiser Insurance 325,600 DKK
Insurance Claims Clerk Insurance 115,600 DKK
Insurance Examiner Insurance 281,500 DKK
Insurance Investigator Insurance 309,800 DKK
Insurance Manager Insurance 533,000 DKK
Insurance Operations Manager Insurance 563,000 DKK
Insurance Policy Processing Clerk Insurance 118,060 DKK
Insurance Pricing Assistant Insurance 258,400 DKK
Insurance Program Manager Insurance 392,300 DKK
Insurance Project Manager Insurance 384,500 DKK
Insurance Quality Assurance Agent Insurance 263,200 DKK
Insurance Sales Agent Insurance 185,100 DKK
Insurance Sales Director Insurance 489,500 DKK
Insurance Sales Manager Insurance 392,300 DKK
Insurance Sales Representative Insurance 157,600 DKK
Insurance Team Leader Insurance 345,700 DKK
Insurance Underwriter Insurance 237,400 DKK
Loss Control Specialist Insurance 308,900 DKK
Loss Prevention Investigator Insurance 319,600 DKK
Loss Prevention Manager Insurance 433,800 DKK
Loss Prevention Specialist Insurance 341,400 DKK
Marine Underwriter Insurance 233,900 DKK
Medical Auditor Insurance 315,700 DKK
Monitoring and Performance Officer Insurance 227,600 DKK
Payment Services Specialist Insurance 308,300 DKK
Policy Change Director Insurance 502,200 DKK
Policy Change Supervisor Insurance 335,800 DKK
Policy Change Technician Insurance 148,300 DKK
Risk Analyst Insurance 351,200 DKK
Risk Management Director Insurance 592,200 DKK
Risk Management Supervisor Insurance 412,000 DKK
Risk Manager Insurance 596,100 DKK
Risk Modeling Manager Insurance 578,500 DKK
Title Insurance Typist Insurance 275,200 DKK
Training Manager Insurance 344,600 DKK

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