Average Creditors Clerk Salary in Libya for 2024

In this article, we will look at the average Creditors Clerk salary for 2024 in Libya 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 Libyan dinar. To keep things simple, we are using the LYD currency code instead of the currency symbol ู„.ุฏ.

How Much Does a Creditors Clerk Make in Libya?

A Creditors Clerk working in Libya will typically earn around 14,620 LYD per year, and this can range from the lowest average salary of about 6,080 LYD to the highest average salary of 19,380 LYD.

Average Annual Salary
14,620 LYD
Average Monthly Salary
1,218 LYD

Lowest Annual Salary
6,080 LYD
Lowest Monthly Salary
506 LYD

Highest Annual Salary
19,380 LYD
Highest Monthly Salary
1,615 LYD

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

Creditors Clerk 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 Creditors Clerk Salaries in Libya

So we've looked at the average salaries a Creditors Clerk will earn in Libya. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Creditors Clerk can earn between 6,080 LYD and 19,380 LYD on average in Libya. 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 Creditors Clerk in Libya is 13,700 LYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 13,700 LYD, and 50% of the population earn more than 13,700 LYD.

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 Creditors Clerk salary in Libya, 25% of the population are earning less than 7,080 LYD while 75% of the population earn more than 7,080 LYD.

75% of the population earn less than 15,580 LYD, and 25% of the population earn more than 15,580 LYD.

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.

Creditors Clerk Salary by Experience Level in Libya

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 creditors clerk 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 Creditors Clerk in Libya that has less than two years of experience can expect to earn somewhere in the region of 8,960 LYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Creditors Clerk salary would increase to 9,460 LYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Creditors Clerk, the average salary would be 13,560 LYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 18,260 LYD.
  • 15 - 20 Years Experience. A Creditors Clerk with 15 to 20 years of experience can earn an average of 19,640 LYD.
  • 20+ Years Experience. For a Creditors Clerk with more than 20 years, the expected average salary increases to 19,020 LYD.

Average Salary by Experience Chart

0-2 Years
8,960 LYD
2-5 Years +23%
9,460 LYD
5-10 Years +42%
13,560 LYD
10-15 Years +17%
18,260 LYD
15-20 Years +10%
19,640 LYD
20+ Years +6%
19,020 LYD

Creditors Clerk Salary by Education Level in Libya

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 Creditors Clerk in Libya 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 Creditors Clerk in Libya with a high school education can earn an average salary of 9,460 LYD.

  • Certificate or Diploma. A Creditors Clerk in Libya with a certificate or diploma education can earn an average salary of 12,240 LYD.

  • Bachelor's Degree. A Creditors Clerk in Libya with a bachelor's degree education can earn an average salary of 20,500 LYD.

Average Salary by Education Chart

High School
9,460 LYD
Certificate or Diploma +40%
12,240 LYD
Bachelor's Degree +42%
20,500 LYD

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 Libya is around 11,400 to 34,300 LYD 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.

Creditors Clerk 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 Libya, a male creditors clerk will earn an average of 13,560 LYD, while a female creditors clerk will earn around 12,620 LYD.

This means that a male creditors clerk earns approximately 7% more than a female creditors clerk for performing the same job.

Average Salary by Gender Chart in Libya

Male
13,560 LYD
Female -7%
12,620 LYD

Creditors Clerk Average Pay Raise in Libya

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 Creditors Clerk in Libya is around 5% every 30 months.

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

What this means is that a Creditors Clerk in Libya can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Libya for 2024

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

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%

Creditors Clerk Bonus and Incentive Rates in Libya

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 Creditors Clerk is a low bonus based job, with 8% of employees reporting at least one bonus in the last 12 months.

92% 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
8%
No Bonus
92%

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 Libya earn approximately 5% more than private sector employees in the same role.

Public Sector
28,720 LYD
Private Sector -5%
27,300 LYD

Salaries for Jobs Similar to a Creditors Clerk

In the table below, we have salary information for jobs that are similar to a Creditors Clerk in Libya.

Job Title Category Salary
Accreditation Specialist Administration / Reception / Secretarial 33,960 LYD
Admin Clerk Administration / Reception / Secretarial 8,560 LYD
Admin Executive Administration / Reception / Secretarial 17,100 LYD
Administrative Aide Administration / Reception / Secretarial 12,760 LYD
Administrative Analyst Administration / Reception / Secretarial 19,980 LYD
Administrative Assistant Administration / Reception / Secretarial 14,540 LYD
Administrative Associate Administration / Reception / Secretarial 13,100 LYD
Administrative Coordinator Administration / Reception / Secretarial 11,880 LYD
Administrative Manager Administration / Reception / Secretarial 21,560 LYD
Administrative Officer Administration / Reception / Secretarial 14,200 LYD
Administrative Receptionist Administration / Reception / Secretarial 14,540 LYD
Administrative Secretary Administration / Reception / Secretarial 13,540 LYD
Administrative Specialist Administration / Reception / Secretarial 12,000 LYD
Administrative Support Administration / Reception / Secretarial 12,120 LYD
Administrative Technician Administration / Reception / Secretarial 11,040 LYD
Board Secretary Administration / Reception / Secretarial 13,540 LYD
Branch Office Administrator Administration / Reception / Secretarial 21,980 LYD
Business Administrator Administration / Reception / Secretarial 19,940 LYD
Business Office Manager Administration / Reception / Secretarial 37,740 LYD
Central Office Operator Administration / Reception / Secretarial 12,580 LYD
Clerical Assistant Administration / Reception / Secretarial 10,320 LYD
Clerk Administration / Reception / Secretarial 10,380 LYD
Commercial Administrator Administration / Reception / Secretarial 20,520 LYD
Commissions Processor Administration / Reception / Secretarial 15,700 LYD
Conveyancing Secretary Administration / Reception / Secretarial 13,540 LYD
Corporate Receptionist Administration / Reception / Secretarial 12,000 LYD
Data Entry Clerk Administration / Reception / Secretarial 9,980 LYD
Data Entry Specialist Administration / Reception / Secretarial 14,540 LYD
Document Controller Administration / Reception / Secretarial 12,620 LYD
Document Management Specialist Administration / Reception / Secretarial 15,920 LYD
Executive Administrative Assistant Administration / Reception / Secretarial 14,540 LYD
Executive Assistant Administration / Reception / Secretarial 14,140 LYD
Executive Officer Administration / Reception / Secretarial 18,780 LYD
Executive Personal Assistant Administration / Reception / Secretarial 15,700 LYD
Executive Secretary Administration / Reception / Secretarial 14,660 LYD
File Clerk Administration / Reception / Secretarial 7,820 LYD
Front Desk Attendant Administration / Reception / Secretarial 11,880 LYD
Front Desk Coordinator Administration / Reception / Secretarial 17,620 LYD
Front Desk Manager Administration / Reception / Secretarial 23,520 LYD
Front Desk Receptionist Administration / Reception / Secretarial 13,960 LYD
Front Desk Shift Leader Administration / Reception / Secretarial 16,720 LYD
Front Office Assistant Administration / Reception / Secretarial 12,200 LYD
Front Office Executive Administration / Reception / Secretarial 17,620 LYD
Group Services Manager Administration / Reception / Secretarial 35,260 LYD
Head Receptionist Administration / Reception / Secretarial 16,400 LYD
Inquiry and Admissions Clerk Administration / Reception / Secretarial 7,820 LYD
Key Account Assistant Administration / Reception / Secretarial 16,340 LYD
Keyboard and Data Entry Operator Administration / Reception / Secretarial 8,560 LYD
Leasing Administrator Administration / Reception / Secretarial 16,140 LYD
Legal Secretary Administration / Reception / Secretarial 14,840 LYD
Librarian Administration / Reception / Secretarial 17,860 LYD
Mail Processing Clerk Administration / Reception / Secretarial 10,100 LYD
Mail Sorting Clerk Administration / Reception / Secretarial 9,360 LYD
Mailroom Clerk Administration / Reception / Secretarial 7,240 LYD
Mailroom Manager Administration / Reception / Secretarial 17,620 LYD
Management Support Secretary Administration / Reception / Secretarial 14,920 LYD
Master Programme Coordinator Administration / Reception / Secretarial 25,440 LYD
Medical Receptionist Administration / Reception / Secretarial 17,260 LYD
Meeting and Event Assistant Administration / Reception / Secretarial 14,540 LYD
Meeting and Event Manager Administration / Reception / Secretarial 34,480 LYD
Night Manager Administration / Reception / Secretarial 19,060 LYD
Office Administrator Administration / Reception / Secretarial 22,420 LYD
Office Assistant Administration / Reception / Secretarial 9,440 LYD
Office Automation Clerk Administration / Reception / Secretarial 18,780 LYD
Office Clerk Administration / Reception / Secretarial 12,840 LYD
Office Coordinator Administration / Reception / Secretarial 12,240 LYD
Office Manager Administration / Reception / Secretarial 25,940 LYD
Office Services Coordinator Administration / Reception / Secretarial 18,940 LYD
Office Supervisor Administration / Reception / Secretarial 17,560 LYD
Operations Analyst Administration / Reception / Secretarial 27,560 LYD
Operations Clerk Administration / Reception / Secretarial 17,620 LYD
Operations Manager Administration / Reception / Secretarial 37,740 LYD
Personal Assistant Administration / Reception / Secretarial 15,880 LYD
Planning Assistant Administration / Reception / Secretarial 16,400 LYD
Process Expert Administration / Reception / Secretarial 20,760 LYD
Program Coordinator Administration / Reception / Secretarial 19,160 LYD
Programme Assistant Administration / Reception / Secretarial 17,760 LYD
Project Administrator Administration / Reception / Secretarial 22,340 LYD
Project Coordinator Administration / Reception / Secretarial 31,400 LYD
Query Administrator Administration / Reception / Secretarial 19,220 LYD
Reception Team Lead Administration / Reception / Secretarial 20,300 LYD
Receptionist Administration / Reception / Secretarial 14,620 LYD
Records Officer Administration / Reception / Secretarial 11,040 LYD
Registry Administrator Administration / Reception / Secretarial 12,240 LYD
Registry and Filing Clerk Administration / Reception / Secretarial 8,560 LYD
Rental Clerk Administration / Reception / Secretarial 8,100 LYD
Schedule Officer Administration / Reception / Secretarial 9,980 LYD
Scheduler Administration / Reception / Secretarial 12,020 LYD
School Secretary Administration / Reception / Secretarial 12,000 LYD
Secretary Administration / Reception / Secretarial 12,120 LYD
Service Reception Head Administration / Reception / Secretarial 14,140 LYD
Switchboard Operator Administration / Reception / Secretarial 11,040 LYD
Technical Program Manager Administration / Reception / Secretarial 30,700 LYD
Technical Project Manager Administration / Reception / Secretarial 35,340 LYD
Typist Administration / Reception / Secretarial 12,300 LYD
Unit Secretary Administration / Reception / Secretarial 12,200 LYD
Wayleave Officer Administration / Reception / Secretarial 7,820 LYD

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