Average Executive Human Capital Management Salary in Madagascar for 2024

In this article, we will look at the average Executive Human Capital Management salary for 2024 in Madagascar 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 Malagasy ariary. To keep things simple, we are using the MGA currency code instead of the currency symbol Ar.

How Much Does an Executive Human Capital Management Make in Madagascar?

An Executive Human Capital Management working in Madagascar will typically earn around 27,001,700 MGA per year, and this can range from the lowest average salary of about 14,280,500 MGA to the highest average salary of 41,040,700 MGA.

Average Annual Salary
27,001,700 MGA
Average Monthly Salary
2,250,141 MGA

Lowest Annual Salary
14,280,500 MGA
Lowest Monthly Salary
1,190,041 MGA

Highest Annual Salary
41,040,700 MGA
Highest Monthly Salary
3,420,058 MGA

These are average salaries for an Executive Human Capital Management in Madagascar and include benefits such as housing and transport. It's also possible for an Executive Human Capital Management to earn more or less than the average salaries shown above.

Executive Human Capital Management 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 Executive Human Capital Management Salaries in Madagascar

So we've looked at the average salaries an Executive Human Capital Management will earn in Madagascar. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Executive Human Capital Management can earn between 14,280,500 MGA and 41,040,700 MGA on average in Madagascar. 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 Executive Human Capital Management in Madagascar is 25,321,400 MGA. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 25,321,400 MGA, and 50% of the population earn more than 25,321,400 MGA.

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 Executive Human Capital Management salary in Madagascar, 25% of the population are earning less than 17,879,000 MGA while 75% of the population earn more than 17,879,000 MGA.

75% of the population earn less than 31,201,500 MGA, and 25% of the population earn more than 31,201,500 MGA.

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.

Executive Human Capital Management Salary by Experience Level in Madagascar

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 executive human capital management 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 Executive Human Capital Management in Madagascar that has less than two years of experience can expect to earn somewhere in the region of 16,439,200 MGA.
  • 2 - 5 Years Experience. With two to five years of experience the average Executive Human Capital Management salary would increase to 20,159,800 MGA.
  • 5 - 10 Years Experience. From five to ten years of experience as an Executive Human Capital Management, the average salary would be 28,560,900 MGA.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 33,360,800 MGA.
  • 15 - 20 Years Experience. An Executive Human Capital Management with 15 to 20 years of experience can earn an average of 36,718,100 MGA.
  • 20+ Years Experience. For an Executive Human Capital Management with more than 20 years, the expected average salary increases to 38,878,700 MGA.

Average Salary by Experience Chart

0-2 Years
16,439,200 MGA
2-5 Years +23%
20,159,800 MGA
5-10 Years +42%
28,560,900 MGA
10-15 Years +17%
33,360,800 MGA
15-20 Years +10%
36,718,100 MGA
20+ Years +6%
38,878,700 MGA

Executive Human Capital Management Salary by Education Level in Madagascar

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 Executive Human Capital Management in Madagascar 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 Executive Human Capital Management in Madagascar with a bachelor's degree education can earn an average salary of 18,598,500 MGA.

  • Master's Degree. An Executive Human Capital Management in Madagascar with a master's degree education can earn an average salary of 36,001,200 MGA.

Average Salary by Education Chart

Bachelor's Degree
18,598,500 MGA
Master's Degree +93%
36,001,200 MGA

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 Madagascar is around 6,570,000 to 19,700,000 MGA 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.

Executive Human Capital Management 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 Madagascar, a male executive human capital management will earn an average of 28,439,500 MGA, while a female executive human capital management will earn around 24,718,600 MGA.

This means that a male executive human capital management earns approximately 15% more than a female executive human capital management for performing the same job.

Average Salary by Gender Chart in Madagascar

Male
28,439,500 MGA
Female -15%
24,718,600 MGA

Executive Human Capital Management Average Pay Raise in Madagascar

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 Executive Human Capital Management in Madagascar is around 9% every 30 months.

The national average pay raise across all professions and industries in Madagascar 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 = ( 9 ÷ 30 ) × 12  = 4%

What this means is that an Executive Human Capital Management in Madagascar can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Madagascar for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Executive Human Capital Management Bonus and Incentive Rates in Madagascar

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 Executive Human Capital Management is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.

39% 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 6% to 8%.

Received Bonus
61%
No Bonus
39%

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 Madagascar earn approximately 18% more than private sector employees in the same role.

Public Sector
16,679,800 MGA
Private Sector -18%
14,158,800 MGA

Salaries for Jobs Similar to an Executive Human Capital Management

In the table below, we have salary information for jobs that are similar to an Executive Human Capital Management in Madagascar.

Job Title Category Salary
Benefits Administrator Human Resources 10,057,900 MGA
Benefits Analyst Human Resources 12,361,500 MGA
Benefits Manager Human Resources 21,478,100 MGA
Benefits Specialist Human Resources 12,600,600 MGA
Chief Human Resources Officer Human Resources 26,399,200 MGA
Chief People Officer Human Resources 26,158,200 MGA
Compensation Analyst Human Resources 11,844,700 MGA
Compensation and Benefits Manager Human Resources 20,038,100 MGA
Compensation and Benefits Officer Human Resources 8,795,700 MGA
Compensation and Benefits Specialist Human Resources 12,600,600 MGA
Compensation Manager Human Resources 20,639,100 MGA
Corporate Director of Human Resources Human Resources 25,561,400 MGA
Corporate Recruiter Human Resources 18,001,100 MGA
Corporate Trainer Human Resources 13,199,100 MGA
Director of Talent Acquisition Human Resources 25,801,200 MGA
Employee Benefits Administrator Human Resources 14,038,300 MGA
Employee Benefits Consultant Human Resources 18,958,500 MGA
Employee Benefits Coordinator Human Resources 7,633,100 MGA
Employee Communications Manager Human Resources 18,720,200 MGA
Employee Development Specialist Human Resources 16,679,800 MGA
Employee Engagement Specialist Human Resources 17,519,700 MGA
Employee Health and Wellness Administrator Human Resources 16,079,800 MGA
Employee Performance Specialist Human Resources 12,841,200 MGA
Employee Relations Analyst Human Resources 17,640,500 MGA
Employee Relations Manager Human Resources 18,479,600 MGA
Employee Relations Practitioner Human Resources 18,720,200 MGA
Employee Relations Representative Human Resources 12,721,300 MGA
Employee Relations Specialist Human Resources 16,439,200 MGA
Employee Services Manager Human Resources 17,159,700 MGA
Employee Services Specialist Human Resources 17,039,100 MGA
Employee Wellness Officer Human Resources 13,199,100 MGA
Employment Advice Worker Human Resources 7,919,400 MGA
Employment Interviewer Human Resources 11,674,300 MGA
Employment Relations Officer Human Resources 8,533,800 MGA
Employment Service Specialist Human Resources 9,899,400 MGA
Employment Services Coordinator Human Resources 11,434,900 MGA
Enrollment Counselor Human Resources 16,679,800 MGA
Equal Opportunity Representative Human Resources 12,361,500 MGA
Executive Recruiter Human Resources 18,239,400 MGA
Expatriate Administration Manager Human Resources 18,359,600 MGA
Expatriate Administration Supervisor Human Resources 11,592,200 MGA
Global Mobility Manager Human Resources 21,478,100 MGA
Head of Human Resources Human Resources 23,878,400 MGA
Headhunter Human Resources 17,519,700 MGA
Health Benefits Coordinator Human Resources 9,841,900 MGA
HRIS Analyst Human Resources 9,430,600 MGA
HRIS Manager Human Resources 15,118,700 MGA
HRIS Officer Human Resources 8,004,700 MGA
HRIS Supervisor Human Resources 8,952,900 MGA
Human Resources Administration Specialist Human Resources 10,141,000 MGA
Human Resources Administrative Assistant Human Resources 7,189,800 MGA
Human Resources Administrative Coordinator Human Resources 10,297,600 MGA
Human Resources Administrator Human Resources 10,992,900 MGA
Human Resources Advisor Human Resources 18,001,100 MGA
Human Resources Analyst Human Resources 14,038,300 MGA
Human Resources Assessor Human Resources 9,346,600 MGA
Human Resources Assistant Human Resources 6,901,600 MGA
Human Resources Assistant Manager Human Resources 18,239,400 MGA
Human Resources Associate Human Resources 7,150,200 MGA
Human Resources Consultant Human Resources 20,281,100 MGA
Human Resources Coordinator Human Resources 7,331,800 MGA
Human Resources Data Analytics Manager Human Resources 14,760,200 MGA
Human Resources Deputy Manager Human Resources 19,921,600 MGA
Human Resources Development Manager Human Resources 22,198,500 MGA
Human Resources Director Human Resources 27,361,200 MGA
Human Resources Executive Human Resources 16,918,700 MGA
Human Resources Generalist Human Resources 13,199,100 MGA
Human Resources Manager Human Resources 23,520,800 MGA
Human Resources Officer Human Resources 9,504,500 MGA
Human Resources Recruiter Human Resources 18,239,400 MGA
Human Resources Representative Human Resources 9,661,800 MGA
Human Resources Section Head Human Resources 16,799,900 MGA
Human Resources Services Manager Human Resources 20,159,800 MGA
Human Resources Specialist Human Resources 13,199,100 MGA
Human Resources Superintendent Human Resources 9,106,400 MGA
Human Resources Training Executive Human Resources 17,879,000 MGA
Human Resources Vice President Human Resources 23,638,700 MGA
Industrial Organizational Psychologist Human Resources 20,999,200 MGA
Job Evaluation Specialist Human Resources 16,198,300 MGA
Labor Relations Director Human Resources 20,159,800 MGA
Labor Relations Manager Human Resources 20,760,500 MGA
Labor Relations Specialist Human Resources 8,891,600 MGA
Learning and Development Manager Human Resources 22,558,900 MGA
Occupational Health and Safety Officer Human Resources 9,599,200 MGA
Organizational Development Consultant Human Resources 18,840,100 MGA
Organizational Development Manager Human Resources 21,361,700 MGA
Organizational Development Specialist Human Resources 11,509,500 MGA
Payroll Assistant Human Resources 8,329,200 MGA
Payroll Supervisor Human Resources 10,258,100 MGA
People Development Officer Human Resources 12,958,200 MGA
Personnel Officer Human Resources 6,901,600 MGA
Personnel Recruiter Human Resources 17,278,100 MGA
Records Clerk Human Resources 6,780,300 MGA
Records Manager Human Resources 10,282,900 MGA
Recruiter Human Resources 17,879,000 MGA
Recruiting Coordinator Human Resources 9,538,800 MGA
Recruiting Manager Human Resources 23,520,800 MGA
Recruitment Consultant Human Resources 17,159,700 MGA
Recruitment Officer Human Resources 9,661,800 MGA
Recruitment Supervisor Human Resources 14,760,200 MGA
Research Associate Human Resources 7,980,700 MGA
SAP Resource Manager Human Resources 18,479,600 MGA
Talent Acquisition Manager Human Resources 23,520,800 MGA
Talent Acquisition Specialist Human Resources 14,280,500 MGA
Talent Management Officer Human Resources 11,459,800 MGA
Technical Recruiter Human Resources 10,669,400 MGA
Training Administrator Human Resources 9,538,800 MGA
Training and Development Manager Human Resources 21,599,000 MGA
Training and Development Section Head Human Resources 18,001,100 MGA
Training Executive Human Resources 20,400,600 MGA
Training Manager Human Resources 21,241,100 MGA
Training Officer Human Resources 8,962,200 MGA
Training Specialist Human Resources 12,958,200 MGA

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