Average Employee Relations Analyst Salary in Monaco for 2024

In this article, we will look at the average Employee Relations Analyst salary for 2024 in Monaco 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does an Employee Relations Analyst Make in Monaco?

An Employee Relations Analyst working in Monaco will typically earn around 52,380 EUR per year, and this can range from the lowest average salary of about 26,780 EUR to the highest average salary of 83,020 EUR.

Average Annual Salary
52,380 EUR
Average Monthly Salary
4,365 EUR

Lowest Annual Salary
26,780 EUR
Lowest Monthly Salary
2,231 EUR

Highest Annual Salary
83,020 EUR
Highest Monthly Salary
6,918 EUR

These are average salaries for an Employee Relations Analyst in Monaco and include benefits such as housing and transport. It's also possible for an Employee Relations Analyst to earn more or less than the average salaries shown above.

Employee Relations Analyst 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 Employee Relations Analyst Salaries in Monaco

So we've looked at the average salaries an Employee Relations Analyst will earn in Monaco. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Employee Relations Analyst can earn between 26,780 EUR and 83,020 EUR on average in Monaco. 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 an Employee Relations Analyst in Monaco is 51,400 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 51,400 EUR, and 50% of the population earn more than 51,400 EUR.

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 Employee Relations Analyst salary in Monaco, 25% of the population are earning less than 34,280 EUR while 75% of the population earn more than 34,280 EUR.

75% of the population earn less than 65,940 EUR, and 25% of the population earn more than 65,940 EUR.

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.

Employee Relations Analyst Salary by Experience Level in Monaco

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 employee relations analyst 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. An Employee Relations Analyst in Monaco that has less than two years of experience can expect to earn somewhere in the region of 32,020 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Employee Relations Analyst salary would increase to 40,560 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Employee Relations Analyst, the average salary would be 56,880 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 66,440 EUR.
  • 15 - 20 Years Experience. An Employee Relations Analyst with 15 to 20 years of experience can earn an average of 70,880 EUR.
  • 20+ Years Experience. For an Employee Relations Analyst with more than 20 years, the expected average salary increases to 76,440 EUR.

Average Salary by Experience Chart

0-2 Years
32,020 EUR
2-5 Years +31%
40,560 EUR
5-10 Years +40%
56,880 EUR
10-15 Years +20%
66,440 EUR
15-20 Years +9%
70,880 EUR
20+ Years +8%
76,440 EUR

Employee Relations Analyst Salary by Education Level in Monaco

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 an Employee Relations Analyst in Monaco based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Employee Relations Analyst in Monaco with a bachelor's degree education can earn an average salary of 36,700 EUR.

  • Master's Degree. An Employee Relations Analyst in Monaco with a master's degree education can earn an average salary of 66,480 EUR.

Average Salary by Education Chart

Bachelor's Degree
36,700 EUR
Master's Degree +77%
66,480 EUR

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 Monaco is around 21,200 to 63,600 EUR 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.

Employee Relations Analyst 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 Monaco, a male employee relations analyst will earn an average of 57,080 EUR, while a female employee relations analyst will earn around 48,640 EUR.

This means that a male employee relations analyst earns approximately 17% more than a female employee relations analyst for performing the same job.

Average Salary by Gender Chart in Monaco

Male
57,080 EUR
Female -17%
48,640 EUR

Employee Relations Analyst Average Pay Raise in Monaco

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 an Employee Relations Analyst in Monaco is around 8% every 29 months.

The national average pay raise across all professions and industries in Monaco 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that an Employee Relations Analyst in Monaco can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Monaco for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Employee Relations Analyst Bonus and Incentive Rates in Monaco

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.

An Employee Relations Analyst is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% 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 3% to 6%.

Received Bonus
36%
No Bonus
64%

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 Monaco earn approximately 6% more than private sector employees in the same role.

Public Sector
52,880 EUR
Private Sector -6%
49,820 EUR

Salaries for Jobs Similar to an Employee Relations Analyst

In the table below, we have salary information for jobs that are similar to an Employee Relations Analyst in Monaco.

Job Title Category Salary
Benefits Administrator Human Resources 37,200 EUR
Benefits Analyst Human Resources 40,240 EUR
Benefits Manager Human Resources 66,100 EUR
Benefits Specialist Human Resources 41,700 EUR
Chief Human Resources Officer Human Resources 83,200 EUR
Chief People Officer Human Resources 82,920 EUR
Compensation Analyst Human Resources 40,140 EUR
Compensation and Benefits Manager Human Resources 64,620 EUR
Compensation and Benefits Officer Human Resources 29,540 EUR
Compensation and Benefits Specialist Human Resources 41,700 EUR
Compensation Manager Human Resources 64,920 EUR
Corporate Director of Human Resources Human Resources 82,720 EUR
Corporate Recruiter Human Resources 60,480 EUR
Corporate Trainer Human Resources 38,780 EUR
Director of Talent Acquisition Human Resources 73,820 EUR
Employee Benefits Administrator Human Resources 45,720 EUR
Employee Benefits Consultant Human Resources 58,280 EUR
Employee Benefits Coordinator Human Resources 25,720 EUR
Employee Communications Manager Human Resources 54,560 EUR
Employee Development Specialist Human Resources 55,840 EUR
Employee Engagement Specialist Human Resources 50,180 EUR
Employee Health and Wellness Administrator Human Resources 53,860 EUR
Employee Performance Specialist Human Resources 42,040 EUR
Employee Relations Manager Human Resources 57,800 EUR
Employee Relations Practitioner Human Resources 57,360 EUR
Employee Relations Representative Human Resources 42,320 EUR
Employee Relations Specialist Human Resources 56,060 EUR
Employee Services Manager Human Resources 55,140 EUR
Employee Services Specialist Human Resources 53,600 EUR
Employee Wellness Officer Human Resources 40,600 EUR
Employment Advice Worker Human Resources 29,040 EUR
Employment Interviewer Human Resources 41,980 EUR
Employment Relations Officer Human Resources 30,840 EUR
Employment Service Specialist Human Resources 36,940 EUR
Employment Services Coordinator Human Resources 36,020 EUR
Enrollment Counselor Human Resources 50,080 EUR
Equal Opportunity Representative Human Resources 43,220 EUR
Executive Human Capital Management Human Resources 80,920 EUR
Executive Recruiter Human Resources 56,640 EUR
Expatriate Administration Manager Human Resources 53,320 EUR
Expatriate Administration Supervisor Human Resources 41,980 EUR
Global Mobility Manager Human Resources 70,700 EUR
Head of Human Resources Human Resources 70,600 EUR
Headhunter Human Resources 52,820 EUR
Health Benefits Coordinator Human Resources 31,040 EUR
HRIS Analyst Human Resources 28,680 EUR
HRIS Manager Human Resources 48,140 EUR
HRIS Officer Human Resources 27,040 EUR
HRIS Supervisor Human Resources 28,860 EUR
Human Resources Administration Specialist Human Resources 31,980 EUR
Human Resources Administrative Assistant Human Resources 23,360 EUR
Human Resources Administrative Coordinator Human Resources 34,240 EUR
Human Resources Administrator Human Resources 35,340 EUR
Human Resources Advisor Human Resources 52,300 EUR
Human Resources Analyst Human Resources 46,840 EUR
Human Resources Assessor Human Resources 29,640 EUR
Human Resources Assistant Human Resources 23,480 EUR
Human Resources Assistant Manager Human Resources 56,460 EUR
Human Resources Associate Human Resources 23,360 EUR
Human Resources Consultant Human Resources 58,000 EUR
Human Resources Coordinator Human Resources 24,200 EUR
Human Resources Data Analytics Manager Human Resources 49,700 EUR
Human Resources Deputy Manager Human Resources 58,280 EUR
Human Resources Development Manager Human Resources 75,040 EUR
Human Resources Director Human Resources 80,340 EUR
Human Resources Executive Human Resources 56,460 EUR
Human Resources Generalist Human Resources 40,600 EUR
Human Resources Manager Human Resources 73,120 EUR
Human Resources Officer Human Resources 30,220 EUR
Human Resources Recruiter Human Resources 56,640 EUR
Human Resources Representative Human Resources 31,040 EUR
Human Resources Section Head Human Resources 51,080 EUR
Human Resources Services Manager Human Resources 63,320 EUR
Human Resources Specialist Human Resources 42,040 EUR
Human Resources Superintendent Human Resources 31,380 EUR
Human Resources Training Executive Human Resources 57,620 EUR
Human Resources Vice President Human Resources 73,880 EUR
Industrial Organizational Psychologist Human Resources 70,940 EUR
Job Evaluation Specialist Human Resources 51,340 EUR
Labor Relations Director Human Resources 66,820 EUR
Labor Relations Manager Human Resources 60,920 EUR
Labor Relations Specialist Human Resources 30,700 EUR
Learning and Development Manager Human Resources 69,060 EUR
Occupational Health and Safety Officer Human Resources 32,200 EUR
Organizational Development Consultant Human Resources 61,620 EUR
Organizational Development Manager Human Resources 64,180 EUR
Organizational Development Specialist Human Resources 34,380 EUR
Payroll Assistant Human Resources 26,280 EUR
Payroll Supervisor Human Resources 34,980 EUR
People Development Officer Human Resources 41,180 EUR
Personnel Officer Human Resources 23,700 EUR
Personnel Recruiter Human Resources 59,480 EUR
Records Clerk Human Resources 23,480 EUR
Records Manager Human Resources 33,520 EUR
Recruiter Human Resources 57,620 EUR
Recruiting Coordinator Human Resources 31,080 EUR
Recruiting Manager Human Resources 75,220 EUR
Recruitment Consultant Human Resources 51,800 EUR
Recruitment Officer Human Resources 31,960 EUR
Recruitment Supervisor Human Resources 48,200 EUR
Research Associate Human Resources 27,020 EUR
SAP Resource Manager Human Resources 57,800 EUR
Talent Acquisition Manager Human Resources 72,740 EUR
Talent Acquisition Specialist Human Resources 44,140 EUR
Talent Management Officer Human Resources 37,740 EUR
Technical Recruiter Human Resources 34,280 EUR
Training Administrator Human Resources 32,420 EUR
Training and Development Manager Human Resources 64,920 EUR
Training and Development Section Head Human Resources 59,480 EUR
Training Executive Human Resources 58,440 EUR
Training Manager Human Resources 65,920 EUR
Training Officer Human Resources 27,480 EUR
Training Specialist Human Resources 45,600 EUR

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 Employee Relations Analyst Salary in Monaco for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-employee-relations-analyst-salary-in-monaco/.

  • "Average Employee Relations Analyst Salary in Monaco for 2024". World Salaries, https://worldsalaries.com/average-employee-relations-analyst-salary-in-monaco/. Accessed 28 March, 2024

  • Average Employee Relations Analyst Salary in Monaco for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-employee-relations-analyst-salary-in-monaco/.