Average Inventory Specialist Salary in Guinea for 2024

In this article, we will look at the average Inventory Specialist salary for 2024 in Guinea 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 Guinean franc. To keep things simple, we are using the GNF currency code instead of the currency symbol Fr.

How Much Does an Inventory Specialist Make in Guinea?

An Inventory Specialist working in Guinea will typically earn around 68,639,200 GNF per year, and this can range from the lowest average salary of about 31,559,900 GNF to the highest average salary of 109,200,400 GNF.

Average Annual Salary
68,639,200 GNF
Average Monthly Salary
5,719,933 GNF

Lowest Annual Salary
31,559,900 GNF
Lowest Monthly Salary
2,629,991 GNF

Highest Annual Salary
109,200,400 GNF
Highest Monthly Salary
9,100,033 GNF

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

Inventory Specialist 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 Specialist Salaries in Guinea

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

Salary ranges

We already know that an Inventory Specialist can earn between 31,559,900 GNF and 109,200,400 GNF on average in Guinea. 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 Specialist in Guinea is 74,161,900 GNF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 74,161,900 GNF, and 50% of the population earn more than 74,161,900 GNF.

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 Specialist salary in Guinea, 25% of the population are earning less than 47,519,800 GNF while 75% of the population earn more than 47,519,800 GNF.

75% of the population earn less than 99,000,200 GNF, and 25% of the population earn more than 99,000,200 GNF.

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 Specialist Salary by Experience Level in Guinea

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 specialist 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 Specialist in Guinea that has less than two years of experience can expect to earn somewhere in the region of 35,878,200 GNF.
  • 2 - 5 Years Experience. With two to five years of experience the average Inventory Specialist salary would increase to 47,880,300 GNF.
  • 5 - 10 Years Experience. From five to ten years of experience as an Inventory Specialist, the average salary would be 70,801,500 GNF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 86,278,600 GNF.
  • 15 - 20 Years Experience. An Inventory Specialist with 15 to 20 years of experience can earn an average of 94,079,900 GNF.
  • 20+ Years Experience. For an Inventory Specialist with more than 20 years, the expected average salary increases to 101,759,700 GNF.

Average Salary by Experience Chart

0-2 Years
35,878,200 GNF
2-5 Years +34%
47,880,300 GNF
5-10 Years +48%
70,801,500 GNF
10-15 Years +22%
86,278,600 GNF
15-20 Years +9%
94,079,900 GNF
20+ Years +8%
101,759,700 GNF

Inventory Specialist Salary by Education Level in Guinea

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 Specialist in Guinea 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 Specialist in Guinea with a high school education can earn an average salary of 44,040,700 GNF.

  • Certificate or Diploma. An Inventory Specialist in Guinea with a certificate or diploma education can earn an average salary of 51,719,500 GNF.

  • Bachelor's Degree. An Inventory Specialist in Guinea with a bachelor's degree education can earn an average salary of 75,000,300 GNF.

  • Master's Degree. An Inventory Specialist in Guinea with a master's degree education can earn an average salary of 98,281,900 GNF.

Average Salary by Education Chart

High School
44,040,700 GNF
Certificate or Diploma +18%
51,719,500 GNF
Bachelor's Degree +45%
75,000,300 GNF
Master's Degree +31%
98,281,900 GNF

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 Guinea is around 35,000,000 to 105,000,000 GNF 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 Specialist 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 Guinea, a male inventory specialist will earn an average of 75,000,300 GNF, while a female inventory specialist will earn around 62,400,200 GNF.

This means that a male inventory specialist earns approximately 20% more than a female inventory specialist for performing the same job.

Average Salary by Gender Chart in Guinea

Male
75,000,300 GNF
Female -20%
62,400,200 GNF

Inventory Specialist Average Pay Raise in Guinea

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 Specialist in Guinea is around 5% every 30 months.

The national average pay raise across all professions and industries in Guinea is around 4% every 29 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 = ( 5 ÷ 30 ) × 12  = 2%

What this means is that an Inventory Specialist in Guinea can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Guinea for 2024

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

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 Specialist Bonus and Incentive Rates in Guinea

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 Specialist 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 Guinea earn approximately 11% more than private sector employees in the same role.

Public Sector
87,358,200 GNF
Private Sector -11%
78,960,300 GNF

Salaries for Jobs Similar to an Inventory Specialist

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

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 67,079,700 GNF
Asset Protection Associate Purchasing and Inventory 67,441,500 GNF
Asset Protection Specialist Purchasing and Inventory 78,121,700 GNF
Assistant Buyer Purchasing and Inventory 61,321,600 GNF
Buyer Purchasing and Inventory 103,920,800 GNF
Capacity Planner Purchasing and Inventory 74,279,700 GNF
Category Leader Purchasing and Inventory 73,558,300 GNF
Category Management Specialist Purchasing and Inventory 74,879,200 GNF
Category Manager Purchasing and Inventory 86,040,800 GNF
Channel Services Representative Purchasing and Inventory 77,758,500 GNF
Contracts Manager Purchasing and Inventory 90,241,700 GNF
Contracts Specialist Purchasing and Inventory 75,121,900 GNF
Demand Planner Purchasing and Inventory 80,520,300 GNF
Demand Planning Manager Purchasing and Inventory 91,319,700 GNF
Distribution Assistant Purchasing and Inventory 64,439,700 GNF
Distribution Associate Purchasing and Inventory 64,801,300 GNF
Distribution Manager Purchasing and Inventory 142,799,100 GNF
Inventory Analyst Purchasing and Inventory 69,599,200 GNF
Inventory Control Clerk Purchasing and Inventory 38,760,100 GNF
Inventory Control Manager Purchasing and Inventory 97,681,600 GNF
Inventory Management Associate Purchasing and Inventory 72,718,100 GNF
Logistics Engineer Purchasing and Inventory 63,481,200 GNF
Master Planner Purchasing and Inventory 68,878,700 GNF
Material Handler Purchasing and Inventory 42,601,100 GNF
Material Planning Specialist Purchasing and Inventory 59,518,100 GNF
Merchandise Manager Purchasing and Inventory 82,801,800 GNF
Procurement Administrator Purchasing and Inventory 83,521,700 GNF
Procurement Agent Purchasing and Inventory 54,479,300 GNF
Procurement Analyst Purchasing and Inventory 88,440,900 GNF
Procurement Assistant Purchasing and Inventory 56,760,200 GNF
Procurement Associate Purchasing and Inventory 73,319,100 GNF
Procurement Clerk Purchasing and Inventory 34,319,800 GNF
Procurement Engineer Purchasing and Inventory 71,280,900 GNF
Procurement Manager Purchasing and Inventory 145,200,100 GNF
Procurement Officer Purchasing and Inventory 34,198,600 GNF
Procurement Process Analyst Purchasing and Inventory 83,280,400 GNF
Procurement Specialist Purchasing and Inventory 66,720,300 GNF
Production Planner Purchasing and Inventory 78,960,300 GNF
Project Buyer Purchasing and Inventory 86,040,800 GNF
Purchaser Purchasing and Inventory 112,679,000 GNF
Purchasing Agent Purchasing and Inventory 57,961,400 GNF
Purchasing Assistant Purchasing and Inventory 38,399,900 GNF
Purchasing Manager Purchasing and Inventory 145,200,100 GNF
Purchasing Officer Purchasing and Inventory 63,840,300 GNF
Purchasing Supervisor Purchasing and Inventory 92,518,400 GNF
Shipping and Receiving Clerk Purchasing and Inventory 36,121,000 GNF
Shipping Coordinator Purchasing and Inventory 67,920,100 GNF
Stock Clerk Purchasing and Inventory 36,001,200 GNF
Stock Regulator Purchasing and Inventory 42,479,000 GNF
Storage Manager Purchasing and Inventory 87,838,100 GNF
Store Keeper Purchasing and Inventory 35,279,300 GNF
Stores and Logistics Coordinator Purchasing and Inventory 70,801,500 GNF
Supply Chain Analyst Purchasing and Inventory 101,641,100 GNF
Supply Chain Coordinator Purchasing and Inventory 74,639,200 GNF
Supply Chain Development Manager Purchasing and Inventory 134,400,400 GNF
Supply Chain Director Purchasing and Inventory 151,201,000 GNF
Supply Chain Manager Purchasing and Inventory 140,401,100 GNF
Supply Planner Purchasing and Inventory 66,598,300 GNF
Warehouse Assistant Purchasing and Inventory 27,361,200 GNF
Warehouse Clerk Purchasing and Inventory 29,399,100 GNF
Warehouse Executive Purchasing and Inventory 124,799,100 GNF
Warehouse Lead Purchasing and Inventory 80,158,500 GNF
Warehouse Manager Purchasing and Inventory 131,998,300 GNF
Warehouse Supervisor Purchasing and Inventory 84,121,400 GNF
Wholesale Buyer Purchasing and Inventory 107,761,600 GNF

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