Average Human Resources Consultant Salary in Nicaragua for 2024

In this article, we will look at the average Human Resources Consultant salary for 2024 in Nicaragua 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 Nicaraguan córdoba. To keep things simple, we are using the NIO currency code instead of the currency symbol C$.

How Much Does a Human Resources Consultant Make in Nicaragua?

A Human Resources Consultant working in Nicaragua will typically earn around 273,000 NIO per year, and this can range from the lowest average salary of about 136,100 NIO to the highest average salary of 426,700 NIO.

Average Annual Salary
273,000 NIO
Average Monthly Salary
22,750 NIO

Lowest Annual Salary
136,100 NIO
Lowest Monthly Salary
11,341 NIO

Highest Annual Salary
426,700 NIO
Highest Monthly Salary
35,558 NIO

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

Human Resources Consultant 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 Human Resources Consultant Salaries in Nicaragua

So we've looked at the average salaries a Human Resources Consultant will earn in Nicaragua. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Human Resources Consultant can earn between 136,100 NIO and 426,700 NIO on average in Nicaragua. 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 Human Resources Consultant in Nicaragua is 281,500 NIO. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 281,500 NIO, and 50% of the population earn more than 281,500 NIO.

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 Human Resources Consultant salary in Nicaragua, 25% of the population are earning less than 187,300 NIO while 75% of the population earn more than 187,300 NIO.

75% of the population earn less than 361,500 NIO, and 25% of the population earn more than 361,500 NIO.

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.

Human Resources Consultant Salary by Experience Level in Nicaragua

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 human resources consultant 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 Human Resources Consultant in Nicaragua that has less than two years of experience can expect to earn somewhere in the region of 159,400 NIO.
  • 2 - 5 Years Experience. With two to five years of experience the average Human Resources Consultant salary would increase to 204,000 NIO.
  • 5 - 10 Years Experience. From five to ten years of experience as a Human Resources Consultant, the average salary would be 282,300 NIO.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 352,000 NIO.
  • 15 - 20 Years Experience. A Human Resources Consultant with 15 to 20 years of experience can earn an average of 376,800 NIO.
  • 20+ Years Experience. For a Human Resources Consultant with more than 20 years, the expected average salary increases to 399,900 NIO.

Average Salary by Experience Chart

0-2 Years
159,400 NIO
2-5 Years +29%
204,000 NIO
5-10 Years +38%
282,300 NIO
10-15 Years +24%
352,000 NIO
15-20 Years +7%
376,800 NIO
20+ Years +7%
399,900 NIO

Human Resources Consultant Salary by Education Level in Nicaragua

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 Human Resources Consultant in Nicaragua 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. A Human Resources Consultant in Nicaragua with a bachelor's degree education can earn an average salary of 197,600 NIO.

  • Master's Degree. A Human Resources Consultant in Nicaragua with a master's degree education can earn an average salary of 319,600 NIO.

Average Salary by Education Chart

Bachelor's Degree
197,600 NIO
Master's Degree +60%
319,600 NIO

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 Nicaragua is around 94,700 to 284,000 NIO 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.

Human Resources Consultant 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 Nicaragua, a male human resources consultant will earn an average of 282,500 NIO, while a female human resources consultant will earn around 261,300 NIO.

This means that a male human resources consultant earns approximately 8% more than a female human resources consultant for performing the same job.

Average Salary by Gender Chart in Nicaragua

Male
282,500 NIO
Female -8%
261,300 NIO

Human Resources Consultant Average Pay Raise in Nicaragua

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 Human Resources Consultant in Nicaragua is around 8% every 29 months.

The national average pay raise across all professions and industries in Nicaragua 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 a Human Resources Consultant in Nicaragua can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Nicaragua for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Human Resources Consultant Bonus and Incentive Rates in Nicaragua

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 Human Resources Consultant is a low bonus based job, with 39% of employees reporting at least one bonus in the last 12 months.

61% 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
39%
No Bonus
61%

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 Nicaragua earn approximately 14% more than private sector employees in the same role.

Public Sector
245,300 NIO
Private Sector -14%
215,100 NIO

Salaries for Jobs Similar to a Human Resources Consultant

In the table below, we have salary information for jobs that are similar to a Human Resources Consultant in Nicaragua.

Job Title Category Salary
Benefits Administrator Human Resources 142,300 NIO
Benefits Analyst Human Resources 164,200 NIO
Benefits Manager Human Resources 294,700 NIO
Benefits Specialist Human Resources 172,200 NIO
Chief Human Resources Officer Human Resources 385,300 NIO
Chief People Officer Human Resources 381,800 NIO
Compensation Analyst Human Resources 168,100 NIO
Compensation and Benefits Manager Human Resources 283,400 NIO
Compensation and Benefits Officer Human Resources 119,080 NIO
Compensation and Benefits Specialist Human Resources 172,200 NIO
Compensation Manager Human Resources 297,000 NIO
Corporate Director of Human Resources Human Resources 361,500 NIO
Corporate Recruiter Human Resources 243,000 NIO
Corporate Trainer Human Resources 183,700 NIO
Director of Talent Acquisition Human Resources 357,700 NIO
Employee Benefits Administrator Human Resources 197,600 NIO
Employee Benefits Consultant Human Resources 265,000 NIO
Employee Benefits Coordinator Human Resources 107,900 NIO
Employee Communications Manager Human Resources 261,300 NIO
Employee Development Specialist Human Resources 238,900 NIO
Employee Engagement Specialist Human Resources 238,900 NIO
Employee Health and Wellness Administrator Human Resources 214,000 NIO
Employee Performance Specialist Human Resources 189,300 NIO
Employee Relations Analyst Human Resources 240,500 NIO
Employee Relations Manager Human Resources 253,400 NIO
Employee Relations Practitioner Human Resources 252,300 NIO
Employee Relations Representative Human Resources 187,500 NIO
Employee Relations Specialist Human Resources 232,400 NIO
Employee Services Manager Human Resources 239,300 NIO
Employee Services Specialist Human Resources 247,800 NIO
Employee Wellness Officer Human Resources 180,300 NIO
Employment Advice Worker Human Resources 114,940 NIO
Employment Interviewer Human Resources 163,800 NIO
Employment Relations Officer Human Resources 117,440 NIO
Employment Service Specialist Human Resources 143,200 NIO
Employment Services Coordinator Human Resources 164,200 NIO
Enrollment Counselor Human Resources 228,500 NIO
Equal Opportunity Representative Human Resources 175,900 NIO
Executive Human Capital Management Human Resources 377,200 NIO
Executive Recruiter Human Resources 249,600 NIO
Expatriate Administration Manager Human Resources 252,300 NIO
Expatriate Administration Supervisor Human Resources 163,800 NIO
Global Mobility Manager Human Resources 308,300 NIO
Head of Human Resources Human Resources 348,300 NIO
Headhunter Human Resources 254,700 NIO
Health Benefits Coordinator Human Resources 139,100 NIO
HRIS Analyst Human Resources 128,500 NIO
HRIS Manager Human Resources 222,300 NIO
HRIS Officer Human Resources 111,920 NIO
HRIS Supervisor Human Resources 123,400 NIO
Human Resources Administration Specialist Human Resources 136,200 NIO
Human Resources Administrative Assistant Human Resources 104,040 NIO
Human Resources Administrative Coordinator Human Resources 152,100 NIO
Human Resources Administrator Human Resources 150,000 NIO
Human Resources Advisor Human Resources 249,600 NIO
Human Resources Analyst Human Resources 197,600 NIO
Human Resources Assessor Human Resources 136,200 NIO
Human Resources Assistant Human Resources 93,220 NIO
Human Resources Assistant Manager Human Resources 254,800 NIO
Human Resources Associate Human Resources 99,340 NIO
Human Resources Coordinator Human Resources 105,440 NIO
Human Resources Data Analytics Manager Human Resources 195,200 NIO
Human Resources Deputy Manager Human Resources 275,800 NIO
Human Resources Development Manager Human Resources 318,800 NIO
Human Resources Director Human Resources 378,800 NIO
Human Resources Executive Human Resources 239,300 NIO
Human Resources Generalist Human Resources 180,300 NIO
Human Resources Manager Human Resources 340,000 NIO
Human Resources Officer Human Resources 139,100 NIO
Human Resources Recruiter Human Resources 249,600 NIO
Human Resources Representative Human Resources 138,200 NIO
Human Resources Section Head Human Resources 231,000 NIO
Human Resources Services Manager Human Resources 282,500 NIO
Human Resources Specialist Human Resources 180,500 NIO
Human Resources Superintendent Human Resources 130,400 NIO
Human Resources Training Executive Human Resources 239,300 NIO
Human Resources Vice President Human Resources 335,100 NIO
Industrial Organizational Psychologist Human Resources 296,000 NIO
Job Evaluation Specialist Human Resources 231,000 NIO
Labor Relations Director Human Resources 271,300 NIO
Labor Relations Manager Human Resources 283,700 NIO
Labor Relations Specialist Human Resources 127,700 NIO
Learning and Development Manager Human Resources 314,500 NIO
Occupational Health and Safety Officer Human Resources 128,900 NIO
Organizational Development Consultant Human Resources 266,000 NIO
Organizational Development Manager Human Resources 311,700 NIO
Organizational Development Specialist Human Resources 159,400 NIO
Payroll Assistant Human Resources 115,620 NIO
Payroll Supervisor Human Resources 138,200 NIO
People Development Officer Human Resources 174,000 NIO
Personnel Officer Human Resources 96,520 NIO
Personnel Recruiter Human Resources 247,800 NIO
Records Clerk Human Resources 95,860 NIO
Records Manager Human Resources 148,300 NIO
Recruiter Human Resources 239,300 NIO
Recruiting Coordinator Human Resources 134,600 NIO
Recruiting Manager Human Resources 315,700 NIO
Recruitment Consultant Human Resources 249,600 NIO
Recruitment Officer Human Resources 128,500 NIO
Recruitment Supervisor Human Resources 201,100 NIO
Research Associate Human Resources 113,560 NIO
SAP Resource Manager Human Resources 253,400 NIO
Talent Acquisition Manager Human Resources 345,100 NIO
Talent Acquisition Specialist Human Resources 195,200 NIO
Talent Management Officer Human Resources 159,100 NIO
Technical Recruiter Human Resources 152,100 NIO
Training Administrator Human Resources 137,400 NIO
Training and Development Manager Human Resources 315,900 NIO
Training and Development Section Head Human Resources 263,900 NIO
Training Executive Human Resources 281,500 NIO
Training Manager Human Resources 308,900 NIO
Training Officer Human Resources 125,100 NIO
Training Specialist Human Resources 185,100 NIO

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