Average Head of Retail Salary in Honduras for 2024

In this article, we will look at the average Head of Retail 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 Head of Retail Make in Honduras?

A Head of Retail working in Honduras will typically earn around 485,300 HNL per year, and this can range from the lowest average salary of about 253,400 HNL to the highest average salary of 743,300 HNL.

Average Annual Salary
485,300 HNL
Average Monthly Salary
40,441 HNL

Lowest Annual Salary
253,400 HNL
Lowest Monthly Salary
21,116 HNL

Highest Annual Salary
743,300 HNL
Highest Monthly Salary
61,941 HNL

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

Head of Retail 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 Head of Retail Salaries in Honduras

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

Salary ranges

We already know that a Head of Retail can earn between 253,400 HNL and 743,300 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 Head of Retail in Honduras is 464,900 HNL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 464,900 HNL, and 50% of the population earn more than 464,900 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 Head of Retail salary in Honduras, 25% of the population are earning less than 322,600 HNL while 75% of the population earn more than 322,600 HNL.

75% of the population earn less than 581,300 HNL, and 25% of the population earn more than 581,300 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.

Head of Retail 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 head of retail 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 Head of Retail in Honduras that has less than two years of experience can expect to earn somewhere in the region of 288,100 HNL.
  • 2 - 5 Years Experience. With two to five years of experience the average Head of Retail salary would increase to 382,600 HNL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Head of Retail, the average salary would be 498,000 HNL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 605,700 HNL.
  • 15 - 20 Years Experience. A Head of Retail with 15 to 20 years of experience can earn an average of 659,200 HNL.
  • 20+ Years Experience. For a Head of Retail with more than 20 years, the expected average salary increases to 695,400 HNL.

Average Salary by Experience Chart

0-2 Years
288,100 HNL
2-5 Years +34%
382,600 HNL
5-10 Years +30%
498,000 HNL
10-15 Years +21%
605,700 HNL
15-20 Years +9%
659,200 HNL
20+ Years +5%
695,400 HNL

Head of Retail 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 Head of Retail 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 Head of Retail in Honduras with a high school education can earn an average salary of 345,100 HNL.

  • Certificate or Diploma. A Head of Retail in Honduras with a certificate or diploma education can earn an average salary of 394,800 HNL.

  • Bachelor's Degree. A Head of Retail in Honduras with a bachelor's degree education can earn an average salary of 555,800 HNL.

  • Master's Degree. A Head of Retail in Honduras with a master's degree education can earn an average salary of 674,100 HNL.

Average Salary by Education Chart

High School
345,100 HNL
Certificate or Diploma +14%
394,800 HNL
Bachelor's Degree +41%
555,800 HNL
Master's Degree +21%
674,100 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.

Head of Retail 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 head of retail will earn an average of 510,300 HNL, while a female head of retail will earn around 466,900 HNL.

This means that a male head of retail earns approximately 9% more than a female head of retail for performing the same job.

Average Salary by Gender Chart in Honduras

Male
510,300 HNL
Female -9%
466,900 HNL

Head of Retail 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 Head of Retail in Honduras is around 9% 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Head of Retail 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%

Head of Retail 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 Head of Retail 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 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 Head of Retail

In the table below, we have salary information for jobs that are similar to a Head of Retail in Honduras.

Job Title Category Salary
Account Manager Sales Retail and Wholesale 357,300 HNL
Account Officer Sales Retail and Wholesale 205,700 HNL
Area Manager Sales Retail and Wholesale 386,400 HNL
Area Sales Director Sales Retail and Wholesale 663,200 HNL
Area Sales Manager Sales Retail and Wholesale 552,400 HNL
Assisstant Store Supervisor Sales Retail and Wholesale 221,500 HNL
Assistant Department Manager Sales Retail and Wholesale 246,500 HNL
Assistant Retail Store Manager Sales Retail and Wholesale 288,100 HNL
Branch Manager Sales Retail and Wholesale 390,000 HNL
Branch Supervisor Sales Retail and Wholesale 322,600 HNL
Cashier Sales Retail and Wholesale 116,380 HNL
Cashier Manager Sales Retail and Wholesale 273,300 HNL
Commercial Sales Manager Sales Retail and Wholesale 510,000 HNL
Corporate Sales Manager Sales Retail and Wholesale 475,700 HNL
Depot Manager Sales Retail and Wholesale 354,000 HNL
Depot Supervisor Sales Retail and Wholesale 325,900 HNL
Deputy Sales Manager Sales Retail and Wholesale 376,800 HNL
Director of Sales Sales Retail and Wholesale 642,800 HNL
Distribution Director Sales Retail and Wholesale 433,400 HNL
District Leader Sales Retail and Wholesale 311,700 HNL
District Manager Sales Retail and Wholesale 394,300 HNL
District Sales Manager Sales Retail and Wholesale 406,300 HNL
External Sales Account Manager Sales Retail and Wholesale 367,200 HNL
Field Sales Representative Sales Retail and Wholesale 246,500 HNL
Furniture Sales Associate Sales Retail and Wholesale 169,000 HNL
Global Wholesale Manager Sales Retail and Wholesale 695,400 HNL
Head Cashier Sales Retail and Wholesale 253,400 HNL
Head of Direct Sales Sales Retail and Wholesale 500,100 HNL
Head Teller Sales Retail and Wholesale 249,600 HNL
Inside Sales Sales Retail and Wholesale 194,600 HNL
Inside Sales Account Manager Sales Retail and Wholesale 325,800 HNL
Inside Sales Engineer Sales Retail and Wholesale 228,500 HNL
Inside Sales Executive Sales Retail and Wholesale 332,500 HNL
Inside Sales Representative Sales Retail and Wholesale 221,500 HNL
Internal Sales Manager Sales Retail and Wholesale 378,800 HNL
Inventory Manager Sales Retail and Wholesale 377,200 HNL
Key Account Manager Sales Retail and Wholesale 362,200 HNL
Medical Device Sales Sales Retail and Wholesale 286,400 HNL
Medical Device Sales Representative Sales Retail and Wholesale 288,100 HNL
Merchandiser Sales Retail and Wholesale 238,900 HNL
National Account Manager Sales Retail and Wholesale 480,300 HNL
National Customer Solution Specialist Sales Retail and Wholesale 436,200 HNL
National Sales Manager Sales Retail and Wholesale 659,400 HNL
Outside Sales Representative Sales Retail and Wholesale 265,000 HNL
Parts Salesperson Sales Retail and Wholesale 215,100 HNL
Project Development Manager Sales Retail and Wholesale 409,000 HNL
Project Manager Sales Retail and Wholesale 398,300 HNL
Project Sales Executive Sales Retail and Wholesale 413,900 HNL
Purchasing and Sales Executive Sales Retail and Wholesale 583,000 HNL
Quotation Engineer Sales Retail and Wholesale 209,500 HNL
Regional Sales Director Sales Retail and Wholesale 684,900 HNL
Regional Sales Manager Sales Retail and Wholesale 691,200 HNL
Relationship Manager Sales Retail and Wholesale 433,800 HNL
Retail Merchandiser Sales Retail and Wholesale 154,700 HNL
Retail Operations Manager Sales Retail and Wholesale 399,900 HNL
Retail Sales Associate Sales Retail and Wholesale 286,400 HNL
Retail Sales Representative Sales Retail and Wholesale 231,000 HNL
Retail Salesperson Sales Retail and Wholesale 214,000 HNL
Retail Store Manager Sales Retail and Wholesale 390,000 HNL
Retail Store Sales Person Sales Retail and Wholesale 200,000 HNL
Revenue Manager Sales Retail and Wholesale 378,800 HNL
Sales Account Manager Sales Retail and Wholesale 431,100 HNL
Sales Admin Executive Sales Retail and Wholesale 498,500 HNL
Sales Administration Manager Sales Retail and Wholesale 500,100 HNL
Sales Analyst Sales Retail and Wholesale 388,100 HNL
Sales Assistant Sales Retail and Wholesale 148,300 HNL
Sales Associate Sales Retail and Wholesale 208,600 HNL
Sales Consultant Sales Retail and Wholesale 283,700 HNL
Sales Coordinator Sales Retail and Wholesale 225,700 HNL
Sales Development Representative Sales Retail and Wholesale 253,400 HNL
Sales Director Sales Retail and Wholesale 628,000 HNL
Sales Engineer Sales Retail and Wholesale 231,000 HNL
Sales Executive Sales Retail and Wholesale 413,900 HNL
Sales Manager Sales Retail and Wholesale 525,700 HNL
Sales Officer Sales Retail and Wholesale 217,900 HNL
Sales Planner Sales Retail and Wholesale 332,100 HNL
Sales Planning Analyst Sales Retail and Wholesale 348,300 HNL
Sales Representative Sales Retail and Wholesale 197,600 HNL
Sales Service Associate Sales Retail and Wholesale 190,500 HNL
Sales Specialist Sales Retail and Wholesale 322,600 HNL
Sales Supervisor Sales Retail and Wholesale 330,900 HNL
Sales Support Sales Retail and Wholesale 150,000 HNL
Sales Support Manager Sales Retail and Wholesale 330,700 HNL
Sales Team Leader Sales Retail and Wholesale 339,100 HNL
Sales Trainer Sales Retail and Wholesale 367,900 HNL
Securities Sales Agent Sales Retail and Wholesale 351,200 HNL
Shipper / Receiver Sales Retail and Wholesale 161,300 HNL
Shop Manager Sales Retail and Wholesale 367,200 HNL
Store Development Administrator Sales Retail and Wholesale 251,500 HNL
Store Manager Sales Retail and Wholesale 384,500 HNL
Territory Sales Manager Sales Retail and Wholesale 552,400 HNL
Territory Sales Representative Sales Retail and Wholesale 309,800 HNL
Trade Marketing Officer Sales Retail and Wholesale 362,200 HNL
Treasury Officer Sales Retail and Wholesale 332,100 HNL
Vice President Sales Sales Retail and Wholesale 492,700 HNL
Visual Merchandiser Sales Retail and Wholesale 189,300 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 Head of Retail Salary in Honduras for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-head-of-retail-salary-in-honduras/.

  • "Average Head of Retail Salary in Honduras for 2024". World Salaries, https://worldsalaries.com/average-head-of-retail-salary-in-honduras/. Accessed 28 March, 2024

  • Average Head of Retail Salary in Honduras for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-head-of-retail-salary-in-honduras/.