Average Contracts Administrator Salary in Cayman Islands for 2024

In this article, we will look at the average Contracts Administrator salary for 2024 in Cayman 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 Cayman Islands dollar. To keep things simple, we are using the KYD currency code instead of the currency symbol $.

How Much Does a Contracts Administrator Make in Cayman Islands?

A Contracts Administrator working in Cayman Islands will typically earn around 26,500 KYD per year, and this can range from the lowest average salary of about 14,300 KYD to the highest average salary of 42,700 KYD.

Average Annual Salary
26,500 KYD
Average Monthly Salary
2,208 KYD

Lowest Annual Salary
14,300 KYD
Lowest Monthly Salary
1,191 KYD

Highest Annual Salary
42,700 KYD
Highest Monthly Salary
3,558 KYD

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

Contracts Administrator 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 Contracts Administrator Salaries in Cayman Islands

So we've looked at the average salaries a Contracts Administrator will earn in Cayman Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Contracts Administrator can earn between 14,300 KYD and 42,700 KYD on average in Cayman 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 Contracts Administrator in Cayman Islands is 27,800 KYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 27,800 KYD, and 50% of the population earn more than 27,800 KYD.

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 Contracts Administrator salary in Cayman Islands, 25% of the population are earning less than 17,100 KYD while 75% of the population earn more than 17,100 KYD.

75% of the population earn less than 31,700 KYD, and 25% of the population earn more than 31,700 KYD.

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.

Contracts Administrator Salary by Experience Level in Cayman 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 contracts administrator 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 Contracts Administrator in Cayman Islands that has less than two years of experience can expect to earn somewhere in the region of 18,400 KYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Contracts Administrator salary would increase to 20,200 KYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Contracts Administrator, the average salary would be 30,800 KYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 33,000 KYD.
  • 15 - 20 Years Experience. A Contracts Administrator with 15 to 20 years of experience can earn an average of 36,700 KYD.
  • 20+ Years Experience. For a Contracts Administrator with more than 20 years, the expected average salary increases to 41,300 KYD.

Average Salary by Experience Chart

0-2 Years
18,400 KYD
2-5 Years +23%
20,200 KYD
5-10 Years +42%
30,800 KYD
10-15 Years +17%
33,000 KYD
15-20 Years +10%
36,700 KYD
20+ Years +6%
41,300 KYD

Contracts Administrator Salary by Education Level in Cayman 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 Contracts Administrator in Cayman 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 Contracts Administrator in Cayman Islands with a high school education can earn an average salary of 21,200 KYD.

  • Certificate or Diploma. A Contracts Administrator in Cayman Islands with a certificate or diploma education can earn an average salary of 22,200 KYD.

  • Bachelor's Degree. A Contracts Administrator in Cayman Islands with a bachelor's degree education can earn an average salary of 29,600 KYD.

  • Master's Degree. A Contracts Administrator in Cayman Islands with a master's degree education can earn an average salary of 41,300 KYD.

Average Salary by Education Chart

High School
21,200 KYD
Certificate or Diploma +13%
22,200 KYD
Bachelor's Degree +31%
29,600 KYD
Master's Degree +32%
41,300 KYD

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 Cayman Islands is around 16,200 to 48,600 KYD 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.

Contracts Administrator 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 Cayman Islands, a male contracts administrator will earn an average of 30,800 KYD, while a female contracts administrator will earn around 27,400 KYD.

This means that a male contracts administrator earns approximately 12% more than a female contracts administrator for performing the same job.

Average Salary by Gender Chart in Cayman Islands

Male
30,800 KYD
Female -12%
27,400 KYD

Contracts Administrator Average Pay Raise in Cayman 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 Contracts Administrator in Cayman Islands is around 6% every 30 months.

The national average pay raise across all professions and industries in Cayman 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 ÷ 30 ) × 12  = 2%

What this means is that a Contracts Administrator in Cayman Islands can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Cayman Islands for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Contracts Administrator Bonus and Incentive Rates in Cayman 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 Contracts Administrator is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% 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
9%
No Bonus
91%

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

Public Sector
43,500 KYD
Private Sector -17%
37,200 KYD

Salaries for Jobs Similar to a Contracts Administrator

In the table below, we have salary information for jobs that are similar to a Contracts Administrator in Cayman Islands.

Job Title Category Salary
Air Conditioning Technician Facilities / Maintenance / Repair 10,000 KYD
Assembly Supervisor Facilities / Maintenance / Repair 18,600 KYD
Assistant Contract Manager Facilities / Maintenance / Repair 44,500 KYD
Building and Grounds Supervisor Facilities / Maintenance / Repair 26,200 KYD
Building Control Officer Facilities / Maintenance / Repair 21,300 KYD
Building Engineer Facilities / Maintenance / Repair 33,800 KYD
Building Services Engineer Facilities / Maintenance / Repair 35,500 KYD
Building Surveyor Facilities / Maintenance / Repair 23,400 KYD
Calibration Technician Facilities / Maintenance / Repair 12,800 KYD
Carpenter Facilities / Maintenance / Repair 12,400 KYD
Cemetery Manager Facilities / Maintenance / Repair 14,500 KYD
Chief Building Official Facilities / Maintenance / Repair 51,100 KYD
Clinical Facilities Planning Manager Facilities / Maintenance / Repair 55,300 KYD
Construction Laborer Facilities / Maintenance / Repair 9,500 KYD
Contracts Manager Facilities / Maintenance / Repair 44,200 KYD
Facilities Coordinator Facilities / Maintenance / Repair 25,700 KYD
Facilities Director Facilities / Maintenance / Repair 58,600 KYD
Facilities Engineer Facilities / Maintenance / Repair 33,800 KYD
Facilities Maintenance Manager Facilities / Maintenance / Repair 52,600 KYD
Facilities Maintenance Supervisor Facilities / Maintenance / Repair 33,000 KYD
Facilities Manager Facilities / Maintenance / Repair 49,400 KYD
Field Service Manager Facilities / Maintenance / Repair 47,400 KYD
Field Service Technician Facilities / Maintenance / Repair 11,300 KYD
Fire Alarm System Installer Facilities / Maintenance / Repair 15,700 KYD
Glazier Facilities / Maintenance / Repair 11,900 KYD
HVAC Mechanic Facilities / Maintenance / Repair 12,100 KYD
HVAC Technician Facilities / Maintenance / Repair 9,500 KYD
Laborer Facilities / Maintenance / Repair 12,300 KYD
Maintenance Fitter Facilities / Maintenance / Repair 11,900 KYD
Maintenance Mechanic Facilities / Maintenance / Repair 12,300 KYD
Maintenance Officer Facilities / Maintenance / Repair 12,300 KYD
Maintenance Planner Facilities / Maintenance / Repair 16,100 KYD
Maintenance Supervisor Facilities / Maintenance / Repair 19,400 KYD
Maintenance Worker Facilities / Maintenance / Repair 11,300 KYD
Mechanic Facilities / Maintenance / Repair 9,500 KYD
Plant Engineer Facilities / Maintenance / Repair 31,400 KYD
Property Administration Officer Facilities / Maintenance / Repair 17,800 KYD
Service Engineer Facilities / Maintenance / Repair 32,200 KYD
Service Operations Manager Facilities / Maintenance / Repair 49,700 KYD
Technician Facilities / Maintenance / Repair 9,500 KYD
Tool Technician Facilities / Maintenance / Repair 11,300 KYD

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