Average Franchise Manager Salary in Honduras for 2024

In this article, we will look at the average Franchise Manager 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 Franchise Manager Make in Honduras?

A Franchise Manager working in Honduras will typically earn around 627,900 HNL per year, and this can range from the lowest average salary of about 309,800 HNL to the highest average salary of 978,900 HNL.

Average Annual Salary
627,900 HNL
Average Monthly Salary
52,325 HNL

Lowest Annual Salary
309,800 HNL
Lowest Monthly Salary
25,816 HNL

Highest Annual Salary
978,900 HNL
Highest Monthly Salary
81,575 HNL

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

Franchise Manager 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 Franchise Manager Salaries in Honduras

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

Salary ranges

We already know that a Franchise Manager can earn between 309,800 HNL and 978,900 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 Franchise Manager in Honduras is 641,900 HNL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 641,900 HNL, and 50% of the population earn more than 641,900 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 Franchise Manager salary in Honduras, 25% of the population are earning less than 428,400 HNL while 75% of the population earn more than 428,400 HNL.

75% of the population earn less than 825,900 HNL, and 25% of the population earn more than 825,900 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.

Franchise Manager 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 franchise manager 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 Franchise Manager in Honduras that has less than two years of experience can expect to earn somewhere in the region of 363,000 HNL.
  • 2 - 5 Years Experience. With two to five years of experience the average Franchise Manager salary would increase to 467,700 HNL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Franchise Manager, the average salary would be 646,600 HNL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 802,400 HNL.
  • 15 - 20 Years Experience. A Franchise Manager with 15 to 20 years of experience can earn an average of 860,300 HNL.
  • 20+ Years Experience. For a Franchise Manager with more than 20 years, the expected average salary increases to 917,700 HNL.

Average Salary by Experience Chart

0-2 Years
363,000 HNL
2-5 Years +29%
467,700 HNL
5-10 Years +38%
646,600 HNL
10-15 Years +24%
802,400 HNL
15-20 Years +7%
860,300 HNL
20+ Years +7%
917,700 HNL

Franchise Manager 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 Franchise Manager 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 Franchise Manager in Honduras with a high school education can earn an average salary of 454,900 HNL.

  • Certificate or Diploma. A Franchise Manager in Honduras with a certificate or diploma education can earn an average salary of 524,400 HNL.

  • Bachelor's Degree. A Franchise Manager in Honduras with a bachelor's degree education can earn an average salary of 705,500 HNL.

  • Master's Degree. A Franchise Manager in Honduras with a master's degree education can earn an average salary of 885,000 HNL.

Average Salary by Education Chart

High School
454,900 HNL
Certificate or Diploma +15%
524,400 HNL
Bachelor's Degree +35%
705,500 HNL
Master's Degree +26%
885,000 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.

Franchise Manager 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 franchise manager will earn an average of 650,700 HNL, while a female franchise manager will earn around 596,100 HNL.

This means that a male franchise manager earns approximately 9% more than a female franchise manager for performing the same job.

Average Salary by Gender Chart in Honduras

Male
650,700 HNL
Female -9%
596,100 HNL

Franchise Manager 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 Franchise Manager in Honduras is around 10% 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 = ( 10 ÷ 28 ) × 12  = 4%

What this means is that a Franchise Manager in Honduras can expect to receive an average pay raise of around 4% 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%

Franchise Manager 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 Franchise Manager is a moderate bonus based job, with 65% of employees reporting at least one bonus in the last 12 months.

35% 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 5% to 9%.

Received Bonus
65%
No Bonus
35%

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 Franchise Manager

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

Job Title Category Salary
Account Coordinator Executive and Management 297,000 HNL
Account Director Executive and Management 369,900 HNL
Account Executive Executive and Management 362,200 HNL
Account Manager Executive and Management 351,200 HNL
Administration Manager Executive and Management 345,100 HNL
Administration Officer Executive and Management 183,700 HNL
Administration Supervisor Executive and Management 283,700 HNL
Administrative Clerk Executive and Management 142,300 HNL
Administrative Officer Executive and Management 152,100 HNL
Area Director Executive and Management 349,300 HNL
Area Manager Executive and Management 332,500 HNL
Asset Protection Associate Executive and Management 394,500 HNL
Assistant Director Executive and Management 378,800 HNL
Assistant General Manager Executive and Management 371,100 HNL
Assistant Manager Executive and Management 386,400 HNL
Assistant Managing Director Executive and Management 437,900 HNL
Assistant Operations Manager Executive and Management 430,000 HNL
Assistant Project Manager Executive and Management 369,900 HNL
Assistant Section Head Executive and Management 301,700 HNL
Assistant to CEO Executive and Management 354,000 HNL
Assistant Vice President Executive and Management 404,600 HNL
Associate Account Director Executive and Management 362,200 HNL
Associate Director Executive and Management 385,300 HNL
Bid Manager Executive and Management 448,500 HNL
Branch Manager Executive and Management 417,100 HNL
Business Development Manager Executive and Management 460,500 HNL
Business Operations Associate Executive and Management 386,400 HNL
Business Operations Lead Executive and Management 398,300 HNL
Campaign Manager Executive and Management 398,300 HNL
Catering Coordinator Executive and Management 227,600 HNL
Catering Manager Executive and Management 389,200 HNL
CEO Executive and Management 699,700 HNL
Chairman of The Board Executive and Management 727,400 HNL
Chairman Office Manager Executive and Management 475,700 HNL
Chief Commercial Officer Executive and Management 524,400 HNL
Chief Corporate Officer Executive and Management 578,500 HNL
Chief Executive Officer Executive and Management 728,500 HNL
Chief Financial Officer Executive and Management 680,100 HNL
Chief Investment Officer Executive and Management 514,300 HNL
Chief of Staff Executive and Management 327,800 HNL
Chief Operating Officer Executive and Management 545,300 HNL
Chief Risk Officer Executive and Management 454,300 HNL
Client Account Manager Executive and Management 453,200 HNL
Client Accounts Officer Executive and Management 378,800 HNL
Client Services Manager Executive and Management 480,300 HNL
Commercial Director Executive and Management 464,900 HNL
Commercial Manager Executive and Management 420,800 HNL
Commercial Project Manager Executive and Management 378,800 HNL
Commodity Broker Executive and Management 294,700 HNL
COO Executive and Management 520,900 HNL
Corporate Affairs Executive Executive and Management 407,300 HNL
Corporate Compliance Director Executive and Management 471,700 HNL
Corporate Director Executive and Management 493,000 HNL
Corporate Officer Executive and Management 339,100 HNL
Corporate Partnerships Officer Executive and Management 330,900 HNL
Country Manager Executive and Management 580,600 HNL
Department Head Executive and Management 433,400 HNL
Department Manager Executive and Management 430,500 HNL
Department Supervisor Executive and Management 371,100 HNL
Deputy Director Executive and Management 504,500 HNL
Deputy Manager Executive and Management 485,200 HNL
Director Executive and Management 533,100 HNL
Director of Accreditation Executive and Management 472,000 HNL
Director of Catering Services Executive and Management 424,300 HNL
Director of Client Services Executive and Management 442,300 HNL
Director of Facilities Management Executive and Management 385,300 HNL
Director of Operations Executive and Management 472,000 HNL
Director of Process Simplification Executive and Management 394,800 HNL
Director of Product Management Executive and Management 489,600 HNL
Director of Project Management Executive and Management 514,300 HNL
Director of Revenue Management Executive and Management 455,400 HNL
Director of Training and Development Executive and Management 451,000 HNL
Distribution Manager Executive and Management 478,000 HNL
Division Manager Executive and Management 419,400 HNL
Duty Manager Executive and Management 428,400 HNL
Engagement Manager Executive and Management 498,500 HNL
Executive Director Executive and Management 687,100 HNL
Executive Manager Executive and Management 607,400 HNL
General Manager Executive and Management 539,700 HNL
Global Master Data Manager Executive and Management 489,500 HNL
Global Technical Lead Executive and Management 319,600 HNL
Head of Investment Executive and Management 476,600 HNL
Head of Middle Office Executive and Management 454,900 HNL
Head of Projects Executive and Management 492,400 HNL
Head of Strategy Executive and Management 547,800 HNL
Head of Supply Chain Executive and Management 447,300 HNL
Head of Sustainability Executive and Management 407,300 HNL
Housing Manager Executive and Management 401,300 HNL
HSE Manager Executive and Management 384,500 HNL
Key Account Manager Executive and Management 384,500 HNL
Knowledge Manager Executive and Management 472,100 HNL
Location Manager Executive and Management 459,300 HNL
Logistics Executive Executive and Management 376,800 HNL
Logistics Manager Executive and Management 361,500 HNL
Management Consultant Executive and Management 366,200 HNL
Management Executive Executive and Management 538,600 HNL
Manager Executive and Management 487,600 HNL
Managing Director Executive and Management 552,400 HNL
MIS Executive Executive and Management 480,300 HNL
Ocean Services Manager Executive and Management 487,600 HNL
Operational Manager Executive and Management 510,000 HNL
Operations Analyst Executive and Management 420,100 HNL
Operations Assistant Executive and Management 344,600 HNL
Operations Director Executive and Management 545,300 HNL
Operations Executive Executive and Management 516,100 HNL
Operations Manager Executive and Management 539,700 HNL
Operations Supervisor Executive and Management 442,300 HNL
Planning Director Executive and Management 485,300 HNL
PMO Manager Executive and Management 454,900 HNL
Policy Administration Executive Executive and Management 412,000 HNL
Private Sector Executive Executive and Management 433,800 HNL
Product Development Manager Executive and Management 475,700 HNL
Product Executive Executive and Management 404,600 HNL
Production Executive Executive and Management 459,300 HNL
Production Manager Executive and Management 492,700 HNL
Production Supervisor Executive and Management 390,000 HNL
Program Director Executive and Management 496,100 HNL
Program Manager Executive and Management 507,300 HNL
Programme Coordinator Executive and Management 332,500 HNL
Project Control Manager Executive and Management 485,300 HNL
Project Coordinator Executive and Management 299,500 HNL
Project Management Officer Executive and Management 349,300 HNL
Project Manager Executive and Management 377,200 HNL
Project Portfolio Manager Executive and Management 390,000 HNL
Quality Manager Executive and Management 406,300 HNL
R/D Director Executive and Management 433,800 HNL
Regional Director Executive and Management 683,800 HNL
Regional Manager Executive and Management 518,300 HNL
Relationship Manager Executive and Management 492,400 HNL
Retail District Manager Executive and Management 340,000 HNL
Revenue Manager Executive and Management 381,800 HNL
Risk and Capital Manager Executive and Management 533,000 HNL
Risk Officer Executive and Management 357,300 HNL
Safety Manager Executive and Management 341,900 HNL
Section Head Executive and Management 376,800 HNL
Service Manager Executive and Management 378,800 HNL
Shift Supervisor Executive and Management 309,800 HNL
Solutions Manager Executive and Management 352,000 HNL
Supervisor Executive and Management 305,600 HNL
Supply Chain Manager Executive and Management 518,300 HNL
Surveyor Executive and Management 330,700 HNL
Technical Director Executive and Management 466,900 HNL
Technical Manager Executive and Management 442,300 HNL
Territory Manager Executive and Management 453,200 HNL
Validation Manager Executive and Management 411,400 HNL
Vice President Executive and Management 596,100 HNL
Zone Manager Executive and Management 510,200 HNL

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