Average Diamond Worker Salary in Liechtenstein for 2024

In this article, we will look at the average Diamond Worker salary for 2024 in Liechtenstein 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 Swiss franc. To keep things simple, we are using the CHF currency code instead of the currency symbol Fr.

How Much Does a Diamond Worker Make in Liechtenstein?

A Diamond Worker working in Liechtenstein will typically earn around 34,280 CHF per year, and this can range from the lowest average salary of about 17,620 CHF to the highest average salary of 54,560 CHF.

Average Annual Salary
34,280 CHF
Average Monthly Salary
2,856 CHF

Lowest Annual Salary
17,620 CHF
Lowest Monthly Salary
1,468 CHF

Highest Annual Salary
54,560 CHF
Highest Monthly Salary
4,546 CHF

These are average salaries for a Diamond Worker in Liechtenstein 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 Liechtenstein

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

Salary ranges

We already know that a Diamond Worker can earn between 17,620 CHF and 54,560 CHF on average in Liechtenstein. 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 Liechtenstein is 38,060 CHF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 38,060 CHF, and 50% of the population earn more than 38,060 CHF.

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 Liechtenstein, 25% of the population are earning less than 23,080 CHF while 75% of the population earn more than 23,080 CHF.

75% of the population earn less than 51,100 CHF, and 25% of the population earn more than 51,100 CHF.

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 Liechtenstein

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 Liechtenstein that has less than two years of experience can expect to earn somewhere in the region of 16,980 CHF.
  • 2 - 5 Years Experience. With two to five years of experience the average Diamond Worker salary would increase to 24,800 CHF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Diamond Worker, the average salary would be 38,180 CHF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 45,600 CHF.
  • 15 - 20 Years Experience. A Diamond Worker with 15 to 20 years of experience can earn an average of 49,360 CHF.
  • 20+ Years Experience. For a Diamond Worker with more than 20 years, the expected average salary increases to 50,540 CHF.

Average Salary by Experience Chart

0-2 Years
16,980 CHF
2-5 Years +34%
24,800 CHF
5-10 Years +48%
38,180 CHF
10-15 Years +22%
45,600 CHF
15-20 Years +9%
49,360 CHF
20+ Years +8%
50,540 CHF

Diamond Worker Salary by Education Level in Liechtenstein

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 Liechtenstein 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 Liechtenstein with a high school education can earn an average salary of 19,980 CHF.

  • Certificate or Diploma. A Diamond Worker in Liechtenstein with a certificate or diploma education can earn an average salary of 42,400 CHF.

Average Salary by Education Chart

High School
19,980 CHF
Certificate or Diploma +93%
42,400 CHF

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 Liechtenstein is around 26,600 to 79,700 CHF 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 Liechtenstein, a male diamond worker will earn an average of 34,080 CHF, while a female diamond worker will earn around 37,800 CHF.

This means that a male diamond worker earns approximately 10% less than a female diamond worker for performing the same job.

Average Salary by Gender Chart in Liechtenstein

Male
34,080 CHF
Female +10%
37,800 CHF

Diamond Worker Average Pay Raise in Liechtenstein

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 Liechtenstein is around 5% every 29 months.

The national average pay raise across all professions and industries in Liechtenstein 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 = ( 5 ÷ 29 ) × 12  = 2%

What this means is that a Diamond Worker in Liechtenstein can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Liechtenstein for 2024

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

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 Liechtenstein

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 Liechtenstein earn approximately 10% more than private sector employees in the same role.

Public Sector
66,260 CHF
Private Sector -10%
60,480 CHF

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 Liechtenstein.

Job Title Category Salary
Alterations Specialist Fashion and Apparel 28,820 CHF
Barber Fashion and Apparel 27,300 CHF
Bench Jeweler Fashion and Apparel 21,300 CHF
Clothing and Textile Technologist Fashion and Apparel 56,880 CHF
Cosmetology Educator Fashion and Apparel 61,580 CHF
Diamond Setter Fashion and Apparel 32,020 CHF
Fabric Manager Fashion and Apparel 67,300 CHF
Fashion Design Manager Fashion and Apparel 103,440 CHF
Fashion Designer Fashion and Apparel 87,040 CHF
Fashion Merchandiser Fashion and Apparel 42,040 CHF
Fashion Model Fashion and Apparel 54,500 CHF
Freelance Fashion Stylist Fashion and Apparel 96,980 CHF
Garment Technologist Fashion and Apparel 50,660 CHF
Hairstylist Fashion and Apparel 27,020 CHF
Jeweler Fashion and Apparel 48,920 CHF
Jewelry Mold Maker Fashion and Apparel 34,120 CHF
Jewelry Polisher Fashion and Apparel 20,460 CHF
Jewelry Sales Fashion and Apparel 43,520 CHF
Plating Manager Fashion and Apparel 64,620 CHF
Product Development Manager Fashion and Apparel 118,520 CHF
Sewing Machine Operator Fashion and Apparel 19,020 CHF
Shoe Sales Fashion and Apparel 30,700 CHF
Supply Chain Manager Fashion and Apparel 106,160 CHF
Tailor / Fitter Fashion and Apparel 25,660 CHF
Trend Forecaster Fashion and Apparel 62,860 CHF
Visual Merchandising Coordinator Fashion and Apparel 41,820 CHF
Visual Merchandising Projects Manager Fashion and Apparel 89,340 CHF

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