Average Derrick Operator Salary in Taiwan for 2024

In this article, we will look at the average Derrick Operator salary for 2024 in Taiwan 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 New Taiwan dollar. To keep things simple, we are using the TWD currency code instead of the currency symbol $.

How Much Does a Derrick Operator Make in Taiwan?

A Derrick Operator working in Taiwan will typically earn around 455,400 TWD per year, and this can range from the lowest average salary of about 221,500 TWD to the highest average salary of 710,500 TWD.

Average Annual Salary
455,400 TWD
Average Monthly Salary
37,950 TWD

Lowest Annual Salary
221,500 TWD
Lowest Monthly Salary
18,458 TWD

Highest Annual Salary
710,500 TWD
Highest Monthly Salary
59,208 TWD

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

Derrick Operator 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 Derrick Operator Salaries in Taiwan

So we've looked at the average salaries a Derrick Operator will earn in Taiwan. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Derrick Operator can earn between 221,500 TWD and 710,500 TWD on average in Taiwan. 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 Derrick Operator in Taiwan is 466,300 TWD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 466,300 TWD, and 50% of the population earn more than 466,300 TWD.

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 Derrick Operator salary in Taiwan, 25% of the population are earning less than 308,300 TWD while 75% of the population earn more than 308,300 TWD.

75% of the population earn less than 597,800 TWD, and 25% of the population earn more than 597,800 TWD.

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.

Derrick Operator Salary by Experience Level in Taiwan

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 derrick operator 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 Derrick Operator in Taiwan that has less than two years of experience can expect to earn somewhere in the region of 263,900 TWD.
  • 2 - 5 Years Experience. With two to five years of experience the average Derrick Operator salary would increase to 340,400 TWD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Derrick Operator, the average salary would be 467,700 TWD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 580,600 TWD.
  • 15 - 20 Years Experience. A Derrick Operator with 15 to 20 years of experience can earn an average of 623,200 TWD.
  • 20+ Years Experience. For a Derrick Operator with more than 20 years, the expected average salary increases to 663,100 TWD.

Average Salary by Experience Chart

0-2 Years
263,900 TWD
2-5 Years +29%
340,400 TWD
5-10 Years +38%
467,700 TWD
10-15 Years +24%
580,600 TWD
15-20 Years +7%
623,200 TWD
20+ Years +7%
663,100 TWD

Derrick Operator Salary by Education Level in Taiwan

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 Derrick Operator in Taiwan 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 Derrick Operator in Taiwan with a high school education can earn an average salary of 340,400 TWD.

  • Certificate or Diploma. A Derrick Operator in Taiwan with a certificate or diploma education can earn an average salary of 485,200 TWD.

  • Bachelor's Degree. A Derrick Operator in Taiwan with a bachelor's degree education can earn an average salary of 672,600 TWD.

Average Salary by Education Chart

High School
340,400 TWD
Certificate or Diploma +43%
485,200 TWD
Bachelor's Degree +38%
672,600 TWD

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 Taiwan is around 647,000 to 1,940,000 TWD 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.

Derrick Operator 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 Taiwan, a male derrick operator will earn an average of 472,100 TWD, while a female derrick operator will earn around 425,100 TWD.

This means that a male derrick operator earns approximately 11% more than a female derrick operator for performing the same job.

Average Salary by Gender Chart in Taiwan

Male
472,100 TWD
Female -11%
425,100 TWD

Derrick Operator Average Pay Raise in Taiwan

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 Derrick Operator in Taiwan is around 5% every 29 months.

The national average pay raise across all professions and industries in Taiwan 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 Derrick Operator in Taiwan can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Taiwan for 2024

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

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%

Derrick Operator Bonus and Incentive Rates in Taiwan

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

88% 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
12%
No Bonus
88%

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 Taiwan earn approximately 7% more than private sector employees in the same role.

Public Sector
1,594,500 TWD
Private Sector -7%
1,487,200 TWD

Salaries for Jobs Similar to a Derrick Operator

In the table below, we have salary information for jobs that are similar to a Derrick Operator in Taiwan.

Job Title Category Salary
Assembly Foreman Factory and Manufacturing 442,300 TWD
Assembly Line Worker Factory and Manufacturing 431,300 TWD
Assembly Supervisor Factory and Manufacturing 680,100 TWD
Assistance Maintenance Manager Factory and Manufacturing 1,583,700 TWD
Assistant Shipping Manager Factory and Manufacturing 1,450,700 TWD
Chemical Equipment Controller Factory and Manufacturing 1,069,800 TWD
Chemical Technican Apprentice Factory and Manufacturing 832,000 TWD
CNC Machinist Factory and Manufacturing 970,600 TWD
CNC Operator Factory and Manufacturing 934,900 TWD
CNC Programmer Factory and Manufacturing 1,102,100 TWD
Colour Technologist Factory and Manufacturing 562,200 TWD
Contracts Manager Factory and Manufacturing 1,882,700 TWD
Data Collection Coordinator Factory and Manufacturing 719,100 TWD
Demand Planner Factory and Manufacturing 658,300 TWD
Director of Manufacturing Factory and Manufacturing 2,759,700 TWD
Dock Worker Factory and Manufacturing 437,900 TWD
Drying Technician Factory and Manufacturing 415,900 TWD
Equipment Operator Factory and Manufacturing 399,900 TWD
Export Sales Coordinator Factory and Manufacturing 1,428,800 TWD
Factory Superintendent Factory and Manufacturing 707,700 TWD
Factory Worker Factory and Manufacturing 500,100 TWD
Failure Analysis Technician Factory and Manufacturing 663,100 TWD
Fiberglass Laminator Factory and Manufacturing 464,400 TWD
Food Technologist Factory and Manufacturing 805,900 TWD
Forklift Driver Factory and Manufacturing 442,300 TWD
Forklift Operator Factory and Manufacturing 442,200 TWD
Forming Machine Operator Factory and Manufacturing 483,400 TWD
Furnace Operator Factory and Manufacturing 454,900 TWD
Gas Appliance Repairer Factory and Manufacturing 437,900 TWD
General Warehouse Associate Factory and Manufacturing 725,700 TWD
Heavy Equipment Operator Factory and Manufacturing 600,000 TWD
HSE Manager Factory and Manufacturing 1,858,200 TWD
Industrial Engineer Factory and Manufacturing 1,500,800 TWD
Industrial Machinery Mechanic Factory and Manufacturing 893,500 TWD
Industrial Production Manager Factory and Manufacturing 2,579,200 TWD
Industrial Safety and Health Engineer Factory and Manufacturing 1,428,800 TWD
Intake Operator Factory and Manufacturing 592,600 TWD
Key Account Manager Factory and Manufacturing 2,184,900 TWD
Lift Truck Operator Factory and Manufacturing 454,300 TWD
Loading Supervisor Factory and Manufacturing 782,500 TWD
Logistic Coordinator Factory and Manufacturing 1,125,300 TWD
Logistics Clerk Factory and Manufacturing 528,600 TWD
Machine Operator Factory and Manufacturing 453,200 TWD
Machinist Factory and Manufacturing 454,900 TWD
Maintenance Manager Factory and Manufacturing 1,765,300 TWD
Maintenance Store Clerk Factory and Manufacturing 475,700 TWD
Manufacturing Engineer Factory and Manufacturing 1,464,200 TWD
Manufacturing Engineering Manager Factory and Manufacturing 2,173,000 TWD
Manufacturing Engineering Technologist Factory and Manufacturing 1,655,500 TWD
Manufacturing Manager Factory and Manufacturing 2,579,200 TWD
Manufacturing Operative Factory and Manufacturing 744,600 TWD
Manufacturing Production Technician Factory and Manufacturing 596,100 TWD
Manufacturing Supervisor Factory and Manufacturing 1,249,900 TWD
Manufacturing Technician Factory and Manufacturing 535,900 TWD
Materials Manager Factory and Manufacturing 2,065,400 TWD
Materials Supervisor Factory and Manufacturing 1,224,800 TWD
Mechanical Fitter Engineer Factory and Manufacturing 1,391,600 TWD
Mechanical Foreman Factory and Manufacturing 426,700 TWD
Merchandise Planner Factory and Manufacturing 757,600 TWD
Metrology Engineer Factory and Manufacturing 1,391,600 TWD
Operations Engineer Factory and Manufacturing 1,405,700 TWD
Operations Manager Factory and Manufacturing 2,184,900 TWD
Order Management Coordinator Factory and Manufacturing 1,145,100 TWD
Order Processing Manager Factory and Manufacturing 1,811,000 TWD
Order Selector Factory and Manufacturing 535,900 TWD
Package Handler Factory and Manufacturing 430,000 TWD
Packaging Manager Factory and Manufacturing 1,440,700 TWD
Packer Factory and Manufacturing 460,500 TWD
Packing Deputy Supervisor Factory and Manufacturing 1,153,300 TWD
Planning Manager Factory and Manufacturing 2,065,400 TWD
Plant Manager Factory and Manufacturing 2,447,200 TWD
Precision Instrument Repairer Factory and Manufacturing 659,400 TWD
Process Technician Factory and Manufacturing 574,200 TWD
Product Manager Factory and Manufacturing 2,374,400 TWD
Production Analyst Factory and Manufacturing 1,967,000 TWD
Production Director Factory and Manufacturing 2,868,600 TWD
Production Engineer Factory and Manufacturing 1,428,800 TWD
Production Engineering Supervisor Factory and Manufacturing 2,124,400 TWD
Production Inspector Factory and Manufacturing 1,583,700 TWD
Production Laborer Factory and Manufacturing 421,400 TWD
Production Manager Factory and Manufacturing 2,629,100 TWD
Production Operator Factory and Manufacturing 638,700 TWD
Production Scheduler Factory and Manufacturing 1,153,300 TWD
Production Supervisor Factory and Manufacturing 1,510,400 TWD
Production Technician Factory and Manufacturing 596,800 TWD
Production Worker Factory and Manufacturing 596,800 TWD
Quality Control Analyst Factory and Manufacturing 1,882,700 TWD
Quality Control Inspector Factory and Manufacturing 1,560,800 TWD
Quality Control Manager Factory and Manufacturing 2,124,400 TWD
Service Technician Factory and Manufacturing 563,300 TWD
SHEQ Officer Factory and Manufacturing 649,700 TWD
Shipping Manager Factory and Manufacturing 2,207,600 TWD
Small Engine Mechanic Factory and Manufacturing 780,600 TWD
Spray Painter Factory and Manufacturing 459,700 TWD
Sterile Processing Technician Factory and Manufacturing 513,300 TWD
Structural Welder Factory and Manufacturing 404,600 TWD
Supply Chain Operative Factory and Manufacturing 1,212,800 TWD
Technical Operator Factory and Manufacturing 576,500 TWD
Technology Development Manager Factory and Manufacturing 2,508,300 TWD
Testing Technician Factory and Manufacturing 1,074,200 TWD
Toolmaker Factory and Manufacturing 719,100 TWD
Warehouse Forklift Operator Factory and Manufacturing 447,300 TWD
Warehouse Operative Factory and Manufacturing 510,200 TWD
Warehouse Worker Factory and Manufacturing 467,100 TWD
Warranty Handler Factory and Manufacturing 828,400 TWD
Welder Factory and Manufacturing 433,400 TWD
Workshop Manager Factory and Manufacturing 1,560,800 TWD

Salary Comparison by City

If you want to compare salaries with different cities in Taiwan, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Kaohsiung 510,000 TWD
Taichung 462,300 TWD
Tainan 403,100 TWD
Taipei 464,400 TWD

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