Average Diamond Worker Salary in Honduras for 2024

In this article, we will look at the average Diamond Worker salary for 2024 in Honduras 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 Honduran lempira. To keep things simple, we are using the HNL currency code instead of the currency symbol L.

How Much Does a Diamond Worker Make in Honduras?

A Diamond Worker working in Honduras will typically earn around 172,200 HNL per year, and this can range from the lowest average salary of about 79,260 HNL to the highest average salary of 275,200 HNL.

Average Annual Salary
172,200 HNL
Average Monthly Salary
14,350 HNL

Lowest Annual Salary
79,260 HNL
Lowest Monthly Salary
6,605 HNL

Highest Annual Salary
275,200 HNL
Highest Monthly Salary
22,933 HNL

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

Diamond Worker 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 Diamond Worker Salaries in Honduras

So we've looked at the average salaries a Diamond Worker will earn in Honduras. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Diamond Worker can earn between 79,260 HNL and 275,200 HNL on average in Honduras. 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 Diamond Worker in Honduras is 187,500 HNL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 187,500 HNL, and 50% of the population earn more than 187,500 HNL.

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 Diamond Worker salary in Honduras, 25% of the population are earning less than 117,440 HNL while 75% of the population earn more than 117,440 HNL.

75% of the population earn less than 246,500 HNL, and 25% of the population earn more than 246,500 HNL.

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.

Diamond Worker Salary by Experience Level in Honduras

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 diamond worker 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 Diamond Worker in Honduras that has less than two years of experience can expect to earn somewhere in the region of 87,940 HNL.
  • 2 - 5 Years Experience. With two to five years of experience the average Diamond Worker salary would increase to 119,860 HNL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Diamond Worker, the average salary would be 176,800 HNL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 215,100 HNL.
  • 15 - 20 Years Experience. A Diamond Worker with 15 to 20 years of experience can earn an average of 233,900 HNL.
  • 20+ Years Experience. For a Diamond Worker with more than 20 years, the expected average salary increases to 254,700 HNL.

Average Salary by Experience Chart

0-2 Years
87,940 HNL
2-5 Years +34%
119,860 HNL
5-10 Years +48%
176,800 HNL
10-15 Years +22%
215,100 HNL
15-20 Years +9%
233,900 HNL
20+ Years +8%
254,700 HNL

Diamond Worker Salary by Education Level in Honduras

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 Diamond Worker in Honduras 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 Diamond Worker in Honduras with a high school education can earn an average salary of 103,260 HNL.

  • Certificate or Diploma. A Diamond Worker in Honduras with a certificate or diploma education can earn an average salary of 201,100 HNL.

Average Salary by Education Chart

High School
103,260 HNL
Certificate or Diploma +93%
201,100 HNL

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 Honduras is around 141,000 to 422,000 HNL 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.

Diamond Worker 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 Honduras, a male diamond worker will earn an average of 159,400 HNL, while a female diamond worker will earn around 183,700 HNL.

This means that a male diamond worker earns approximately 13% less than a female diamond worker for performing the same job.

Average Salary by Gender Chart in Honduras

Male
159,400 HNL
Female +13%
183,700 HNL

Diamond Worker Average Pay Raise in Honduras

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 Diamond Worker in Honduras is around 6% every 28 months.

The national average pay raise across all professions and industries in Honduras 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 ÷ 28 ) × 12  = 3%

What this means is that a Diamond Worker in Honduras can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Honduras for 2024

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

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

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Diamond Worker Bonus and Incentive Rates in Honduras

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 Diamond Worker is a low bonus based job, with 15% of employees reporting at least one bonus in the last 12 months.

85% 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
15%
No Bonus
85%

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 Honduras earn approximately 13% more than private sector employees in the same role.

Public Sector
353,600 HNL
Private Sector -13%
312,400 HNL

Salaries for Jobs Similar to a Diamond Worker

In the table below, we have salary information for jobs that are similar to a Diamond Worker in Honduras.

Job Title Category Salary
Alterations Specialist Fashion and Apparel 125,100 HNL
Barber Fashion and Apparel 125,100 HNL
Bench Jeweler Fashion and Apparel 113,420 HNL
Clothing and Textile Technologist Fashion and Apparel 277,400 HNL
Cosmetology Educator Fashion and Apparel 322,600 HNL
Diamond Setter Fashion and Apparel 148,300 HNL
Fabric Manager Fashion and Apparel 325,600 HNL
Fashion Design Manager Fashion and Apparel 522,700 HNL
Fashion Designer Fashion and Apparel 419,400 HNL
Fashion Merchandiser Fashion and Apparel 201,100 HNL
Fashion Model Fashion and Apparel 288,700 HNL
Freelance Fashion Stylist Fashion and Apparel 483,400 HNL
Garment Technologist Fashion and Apparel 254,800 HNL
Hairstylist Fashion and Apparel 148,300 HNL
Jeweler Fashion and Apparel 239,000 HNL
Jewelry Mold Maker Fashion and Apparel 169,000 HNL
Jewelry Polisher Fashion and Apparel 104,060 HNL
Jewelry Sales Fashion and Apparel 204,000 HNL
Plating Manager Fashion and Apparel 332,500 HNL
Product Development Manager Fashion and Apparel 571,300 HNL
Sewing Machine Operator Fashion and Apparel 93,880 HNL
Shoe Sales Fashion and Apparel 158,700 HNL
Supply Chain Manager Fashion and Apparel 539,700 HNL
Tailor / Fitter Fashion and Apparel 125,700 HNL
Trend Forecaster Fashion and Apparel 325,800 HNL
Visual Merchandising Coordinator Fashion and Apparel 209,700 HNL
Visual Merchandising Projects Manager Fashion and Apparel 425,100 HNL

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Diamond Worker Salary in Honduras for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-diamond-worker-salary-in-honduras/.

  • "Average Diamond Worker Salary in Honduras for 2024". World Salaries, https://worldsalaries.com/average-diamond-worker-salary-in-honduras/. Accessed 28 March, 2024

  • Average Diamond Worker Salary in Honduras for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-diamond-worker-salary-in-honduras/.