Average Inventory Analyst Salary in Honduras for 2024

In this article, we will look at the average Inventory Analyst 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 an Inventory Analyst Make in Honduras?

An Inventory Analyst working in Honduras will typically earn around 281,500 HNL per year, and this can range from the lowest average salary of about 128,500 HNL to the highest average salary of 448,500 HNL.

Average Annual Salary
281,500 HNL
Average Monthly Salary
23,458 HNL

Lowest Annual Salary
128,500 HNL
Lowest Monthly Salary
10,708 HNL

Highest Annual Salary
448,500 HNL
Highest Monthly Salary
37,375 HNL

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

Inventory 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 Inventory Analyst Salaries in Honduras

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

Salary ranges

We already know that an Inventory Analyst can earn between 128,500 HNL and 448,500 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 an Inventory Analyst in Honduras is 301,700 HNL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 301,700 HNL, and 50% of the population earn more than 301,700 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 Inventory Analyst salary in Honduras, 25% of the population are earning less than 194,600 HNL while 75% of the population earn more than 194,600 HNL.

75% of the population earn less than 404,600 HNL, and 25% of the population earn more than 404,600 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.

Inventory Analyst 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 inventory 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 Inventory Analyst in Honduras that has less than two years of experience can expect to earn somewhere in the region of 148,300 HNL.
  • 2 - 5 Years Experience. With two to five years of experience the average Inventory Analyst salary would increase to 195,200 HNL.
  • 5 - 10 Years Experience. From five to ten years of experience as an Inventory Analyst, the average salary would be 288,700 HNL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 353,600 HNL.
  • 15 - 20 Years Experience. An Inventory Analyst with 15 to 20 years of experience can earn an average of 384,500 HNL.
  • 20+ Years Experience. For an Inventory Analyst with more than 20 years, the expected average salary increases to 419,400 HNL.

Average Salary by Experience Chart

0-2 Years
148,300 HNL
2-5 Years +34%
195,200 HNL
5-10 Years +48%
288,700 HNL
10-15 Years +22%
353,600 HNL
15-20 Years +9%
384,500 HNL
20+ Years +8%
419,400 HNL

Inventory Analyst 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 an Inventory Analyst 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. An Inventory Analyst in Honduras with a high school education can earn an average salary of 180,500 HNL.

  • Certificate or Diploma. An Inventory Analyst in Honduras with a certificate or diploma education can earn an average salary of 210,500 HNL.

  • Bachelor's Degree. An Inventory Analyst in Honduras with a bachelor's degree education can earn an average salary of 308,900 HNL.

  • Master's Degree. An Inventory Analyst in Honduras with a master's degree education can earn an average salary of 403,100 HNL.

Average Salary by Education Chart

High School
180,500 HNL
Certificate or Diploma +18%
210,500 HNL
Bachelor's Degree +45%
308,900 HNL
Master's Degree +31%
403,100 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.

Inventory 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 Honduras, a male inventory analyst will earn an average of 301,300 HNL, while a female inventory analyst will earn around 263,200 HNL.

This means that a male inventory analyst earns approximately 14% more than a female inventory analyst for performing the same job.

Average Salary by Gender Chart in Honduras

Male
301,300 HNL
Female -14%
263,200 HNL

Inventory Analyst 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 an Inventory Analyst in Honduras is around 6% every 29 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 = ( 6 ÷ 29 ) × 12  = 2%

What this means is that an Inventory Analyst in Honduras can expect to receive an average pay raise of around 2% 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%

Inventory Analyst 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.

An Inventory Analyst is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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 2% to 7%.

Received Bonus
41%
No Bonus
59%

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 an Inventory Analyst

In the table below, we have salary information for jobs that are similar to an Inventory Analyst in Honduras.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 267,100 HNL
Asset Protection Associate Purchasing and Inventory 271,300 HNL
Asset Protection Specialist Purchasing and Inventory 315,700 HNL
Assistant Buyer Purchasing and Inventory 254,800 HNL
Buyer Purchasing and Inventory 440,200 HNL
Capacity Planner Purchasing and Inventory 318,800 HNL
Category Leader Purchasing and Inventory 292,000 HNL
Category Management Specialist Purchasing and Inventory 297,000 HNL
Category Manager Purchasing and Inventory 319,600 HNL
Channel Services Representative Purchasing and Inventory 308,900 HNL
Contracts Manager Purchasing and Inventory 353,600 HNL
Contracts Specialist Purchasing and Inventory 292,000 HNL
Demand Planner Purchasing and Inventory 312,400 HNL
Demand Planning Manager Purchasing and Inventory 354,000 HNL
Distribution Assistant Purchasing and Inventory 246,500 HNL
Distribution Associate Purchasing and Inventory 249,600 HNL
Distribution Manager Purchasing and Inventory 559,000 HNL
Inventory Control Clerk Purchasing and Inventory 152,000 HNL
Inventory Control Manager Purchasing and Inventory 384,500 HNL
Inventory Management Associate Purchasing and Inventory 294,700 HNL
Inventory Specialist Purchasing and Inventory 283,700 HNL
Logistics Engineer Purchasing and Inventory 251,500 HNL
Master Planner Purchasing and Inventory 277,400 HNL
Material Handler Purchasing and Inventory 172,200 HNL
Material Planning Specialist Purchasing and Inventory 246,200 HNL
Merchandise Manager Purchasing and Inventory 325,900 HNL
Procurement Administrator Purchasing and Inventory 353,600 HNL
Procurement Agent Purchasing and Inventory 225,300 HNL
Procurement Analyst Purchasing and Inventory 359,900 HNL
Procurement Assistant Purchasing and Inventory 225,700 HNL
Procurement Associate Purchasing and Inventory 307,400 HNL
Procurement Clerk Purchasing and Inventory 130,400 HNL
Procurement Engineer Purchasing and Inventory 282,500 HNL
Procurement Manager Purchasing and Inventory 581,000 HNL
Procurement Officer Purchasing and Inventory 139,100 HNL
Procurement Process Analyst Purchasing and Inventory 339,100 HNL
Procurement Specialist Purchasing and Inventory 254,800 HNL
Production Planner Purchasing and Inventory 317,700 HNL
Project Buyer Purchasing and Inventory 354,000 HNL
Purchaser Purchasing and Inventory 413,900 HNL
Purchasing Agent Purchasing and Inventory 249,600 HNL
Purchasing Assistant Purchasing and Inventory 152,000 HNL
Purchasing Manager Purchasing and Inventory 575,100 HNL
Purchasing Officer Purchasing and Inventory 272,800 HNL
Purchasing Supervisor Purchasing and Inventory 396,300 HNL
Shipping and Receiving Clerk Purchasing and Inventory 136,200 HNL
Shipping Coordinator Purchasing and Inventory 283,400 HNL
Stock Clerk Purchasing and Inventory 152,000 HNL
Stock Regulator Purchasing and Inventory 161,300 HNL
Storage Manager Purchasing and Inventory 361,500 HNL
Store Keeper Purchasing and Inventory 142,300 HNL
Stores and Logistics Coordinator Purchasing and Inventory 309,800 HNL
Supply Chain Analyst Purchasing and Inventory 417,100 HNL
Supply Chain Coordinator Purchasing and Inventory 315,900 HNL
Supply Chain Development Manager Purchasing and Inventory 545,300 HNL
Supply Chain Director Purchasing and Inventory 618,800 HNL
Supply Chain Manager Purchasing and Inventory 563,300 HNL
Supply Planner Purchasing and Inventory 283,400 HNL
Warehouse Assistant Purchasing and Inventory 110,380 HNL
Warehouse Clerk Purchasing and Inventory 117,520 HNL
Warehouse Executive Purchasing and Inventory 459,300 HNL
Warehouse Lead Purchasing and Inventory 340,400 HNL
Warehouse Manager Purchasing and Inventory 492,700 HNL
Warehouse Supervisor Purchasing and Inventory 345,700 HNL
Wholesale Buyer Purchasing and Inventory 447,700 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 Inventory Analyst Salary in Honduras for 2024". World Salaries. Accessed on March 29, 2024. https://worldsalaries.com/average-inventory-analyst-salary-in-honduras/.

  • "Average Inventory Analyst Salary in Honduras for 2024". World Salaries, https://worldsalaries.com/average-inventory-analyst-salary-in-honduras/. Accessed 29 March, 2024

  • Average Inventory Analyst Salary in Honduras for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-inventory-analyst-salary-in-honduras/.