Average Inventory Analyst Salary in New Caledonia for 2024

In this article, we will look at the average Inventory Analyst salary for 2024 in New Caledonia 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 CFP franc. To keep things simple, we are using the XPF currency code instead of the currency symbol โ‚ฃ.

How Much Does an Inventory Analyst Make in New Caledonia?

An Inventory Analyst working in New Caledonia will typically earn around 909,300 XPF per year, and this can range from the lowest average salary of about 447,300 XPF to the highest average salary of 1,417,600 XPF.

Average Annual Salary
909,300 XPF
Average Monthly Salary
75,775 XPF

Lowest Annual Salary
447,300 XPF
Lowest Monthly Salary
37,275 XPF

Highest Annual Salary
1,417,600 XPF
Highest Monthly Salary
118,133 XPF

These are average salaries for an Inventory Analyst in New Caledonia 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 New Caledonia

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

Salary ranges

We already know that an Inventory Analyst can earn between 447,300 XPF and 1,417,600 XPF on average in New Caledonia. 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 New Caledonia is 929,700 XPF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 929,700 XPF, and 50% of the population earn more than 929,700 XPF.

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 New Caledonia, 25% of the population are earning less than 618,800 XPF while 75% of the population earn more than 618,800 XPF.

75% of the population earn less than 1,196,300 XPF, and 25% of the population earn more than 1,196,300 XPF.

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 New Caledonia

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 New Caledonia that has less than two years of experience can expect to earn somewhere in the region of 528,600 XPF.
  • 2 - 5 Years Experience. With two to five years of experience the average Inventory Analyst salary would increase to 681,900 XPF.
  • 5 - 10 Years Experience. From five to ten years of experience as an Inventory Analyst, the average salary would be 938,700 XPF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,162,900 XPF.
  • 15 - 20 Years Experience. An Inventory Analyst with 15 to 20 years of experience can earn an average of 1,249,900 XPF.
  • 20+ Years Experience. For an Inventory Analyst with more than 20 years, the expected average salary increases to 1,333,900 XPF.

Average Salary by Experience Chart

0-2 Years
528,600 XPF
2-5 Years +29%
681,900 XPF
5-10 Years +38%
938,700 XPF
10-15 Years +24%
1,162,900 XPF
15-20 Years +7%
1,249,900 XPF
20+ Years +7%
1,333,900 XPF

Inventory Analyst Salary by Education Level in New Caledonia

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 New Caledonia 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 New Caledonia with a high school education can earn an average salary of 659,200 XPF.

  • Certificate or Diploma. An Inventory Analyst in New Caledonia with a certificate or diploma education can earn an average salary of 757,600 XPF.

  • Bachelor's Degree. An Inventory Analyst in New Caledonia with a bachelor's degree education can earn an average salary of 1,021,800 XPF.

  • Master's Degree. An Inventory Analyst in New Caledonia with a master's degree education can earn an average salary of 1,283,600 XPF.

Average Salary by Education Chart

High School
659,200 XPF
Certificate or Diploma +15%
757,600 XPF
Bachelor's Degree +35%
1,021,800 XPF
Master's Degree +26%
1,283,600 XPF

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 New Caledonia is around 438,000 to 1,320,000 XPF 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 New Caledonia, a male inventory analyst will earn an average of 948,300 XPF, while a female inventory analyst will earn around 849,200 XPF.

This means that a male inventory analyst earns approximately 12% more than a female inventory analyst for performing the same job.

Average Salary by Gender Chart in New Caledonia

Male
948,300 XPF
Female -12%
849,200 XPF

Inventory Analyst Average Pay Raise in New Caledonia

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 New Caledonia is around 6% every 29 months.

The national average pay raise across all professions and industries in New Caledonia 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 New Caledonia can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in New Caledonia for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Inventory Analyst Bonus and Incentive Rates in New Caledonia

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 38% of employees reporting at least one bonus in the last 12 months.

62% 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
38%
No Bonus
62%

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 New Caledonia earn approximately 11% more than private sector employees in the same role.

Public Sector
1,094,000 XPF
Private Sector -11%
987,200 XPF

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 New Caledonia.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 906,500 XPF
Asset Protection Associate Purchasing and Inventory 874,900 XPF
Asset Protection Specialist Purchasing and Inventory 979,600 XPF
Assistant Buyer Purchasing and Inventory 832,000 XPF
Buyer Purchasing and Inventory 1,369,700 XPF
Capacity Planner Purchasing and Inventory 1,045,100 XPF
Category Leader Purchasing and Inventory 949,600 XPF
Category Management Specialist Purchasing and Inventory 931,700 XPF
Category Manager Purchasing and Inventory 1,113,100 XPF
Channel Services Representative Purchasing and Inventory 1,003,800 XPF
Contracts Manager Purchasing and Inventory 1,134,800 XPF
Contracts Specialist Purchasing and Inventory 922,300 XPF
Demand Planner Purchasing and Inventory 964,000 XPF
Demand Planning Manager Purchasing and Inventory 1,212,800 XPF
Distribution Assistant Purchasing and Inventory 832,000 XPF
Distribution Associate Purchasing and Inventory 810,400 XPF
Distribution Manager Purchasing and Inventory 1,858,200 XPF
Inventory Control Clerk Purchasing and Inventory 489,600 XPF
Inventory Control Manager Purchasing and Inventory 1,306,100 XPF
Inventory Management Associate Purchasing and Inventory 917,200 XPF
Inventory Specialist Purchasing and Inventory 893,500 XPF
Logistics Engineer Purchasing and Inventory 832,300 XPF
Master Planner Purchasing and Inventory 862,400 XPF
Material Handler Purchasing and Inventory 582,700 XPF
Material Planning Specialist Purchasing and Inventory 788,000 XPF
Merchandise Manager Purchasing and Inventory 1,043,700 XPF
Procurement Administrator Purchasing and Inventory 1,058,300 XPF
Procurement Agent Purchasing and Inventory 735,200 XPF
Procurement Analyst Purchasing and Inventory 1,112,300 XPF
Procurement Assistant Purchasing and Inventory 705,500 XPF
Procurement Associate Purchasing and Inventory 957,800 XPF
Procurement Clerk Purchasing and Inventory 460,500 XPF
Procurement Engineer Purchasing and Inventory 943,800 XPF
Procurement Manager Purchasing and Inventory 1,846,200 XPF
Procurement Officer Purchasing and Inventory 466,300 XPF
Procurement Process Analyst Purchasing and Inventory 1,088,600 XPF
Procurement Specialist Purchasing and Inventory 844,100 XPF
Production Planner Purchasing and Inventory 991,000 XPF
Project Buyer Purchasing and Inventory 1,184,200 XPF
Purchaser Purchasing and Inventory 1,391,600 XPF
Purchasing Agent Purchasing and Inventory 744,700 XPF
Purchasing Assistant Purchasing and Inventory 478,100 XPF
Purchasing Manager Purchasing and Inventory 1,870,400 XPF
Purchasing Officer Purchasing and Inventory 810,400 XPF
Purchasing Supervisor Purchasing and Inventory 1,198,300 XPF
Shipping and Receiving Clerk Purchasing and Inventory 462,300 XPF
Shipping Coordinator Purchasing and Inventory 851,200 XPF
Stock Clerk Purchasing and Inventory 513,300 XPF
Stock Regulator Purchasing and Inventory 537,300 XPF
Storage Manager Purchasing and Inventory 1,160,900 XPF
Store Keeper Purchasing and Inventory 450,300 XPF
Stores and Logistics Coordinator Purchasing and Inventory 970,600 XPF
Supply Chain Analyst Purchasing and Inventory 1,296,900 XPF
Supply Chain Coordinator Purchasing and Inventory 946,800 XPF
Supply Chain Development Manager Purchasing and Inventory 1,655,500 XPF
Supply Chain Director Purchasing and Inventory 1,990,300 XPF
Supply Chain Manager Purchasing and Inventory 1,908,800 XPF
Supply Planner Purchasing and Inventory 948,300 XPF
Warehouse Assistant Purchasing and Inventory 389,200 XPF
Warehouse Clerk Purchasing and Inventory 376,800 XPF
Warehouse Executive Purchasing and Inventory 1,547,500 XPF
Warehouse Lead Purchasing and Inventory 1,015,500 XPF
Warehouse Manager Purchasing and Inventory 1,583,700 XPF
Warehouse Supervisor Purchasing and Inventory 1,159,900 XPF
Wholesale Buyer Purchasing and Inventory 1,345,400 XPF

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