Average Jewelry Polisher Salary in Guyana for 2024

In this article, we will look at the average Jewelry Polisher salary for 2024 in Guyana 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 Guyanese dollar. To keep things simple, we are using the GYD currency code instead of the currency symbol $.

How Much Does a Jewelry Polisher Make in Guyana?

A Jewelry Polisher working in Guyana will typically earn around 650,800 GYD per year, and this can range from the lowest average salary of about 318,800 GYD to the highest average salary of 1,011,300 GYD.

Average Annual Salary
650,800 GYD
Average Monthly Salary
54,233 GYD

Lowest Annual Salary
318,800 GYD
Lowest Monthly Salary
26,566 GYD

Highest Annual Salary
1,011,300 GYD
Highest Monthly Salary
84,275 GYD

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

Jewelry Polisher 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 Jewelry Polisher Salaries in Guyana

So we've looked at the average salaries a Jewelry Polisher will earn in Guyana. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Jewelry Polisher can earn between 318,800 GYD and 1,011,300 GYD on average in Guyana. 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 Jewelry Polisher in Guyana is 663,200 GYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 663,200 GYD, and 50% of the population earn more than 663,200 GYD.

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 Jewelry Polisher salary in Guyana, 25% of the population are earning less than 440,200 GYD while 75% of the population earn more than 440,200 GYD.

75% of the population earn less than 855,200 GYD, and 25% of the population earn more than 855,200 GYD.

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.

Jewelry Polisher Salary by Experience Level in Guyana

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 jewelry polisher 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 Jewelry Polisher in Guyana that has less than two years of experience can expect to earn somewhere in the region of 377,200 GYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Jewelry Polisher salary would increase to 485,300 GYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Jewelry Polisher, the average salary would be 670,600 GYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 829,000 GYD.
  • 15 - 20 Years Experience. A Jewelry Polisher with 15 to 20 years of experience can earn an average of 888,400 GYD.
  • 20+ Years Experience. For a Jewelry Polisher with more than 20 years, the expected average salary increases to 946,000 GYD.

Average Salary by Experience Chart

0-2 Years
377,200 GYD
2-5 Years +29%
485,300 GYD
5-10 Years +38%
670,600 GYD
10-15 Years +24%
829,000 GYD
15-20 Years +7%
888,400 GYD
20+ Years +7%
946,000 GYD

Jewelry Polisher Salary by Education Level in Guyana

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 Jewelry Polisher in Guyana 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 Jewelry Polisher in Guyana with a high school education can earn an average salary of 533,000 GYD.

  • Certificate or Diploma. A Jewelry Polisher in Guyana with a certificate or diploma education can earn an average salary of 879,800 GYD.

Average Salary by Education Chart

High School
533,000 GYD
Certificate or Diploma +65%
879,800 GYD

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 Guyana is around 876,000 to 2,630,000 GYD 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.

Jewelry Polisher 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 Guyana, a male jewelry polisher will earn an average of 619,800 GYD, while a female jewelry polisher will earn around 670,600 GYD.

This means that a male jewelry polisher earns approximately 8% less than a female jewelry polisher for performing the same job.

Average Salary by Gender Chart in Guyana

Male
619,800 GYD
Female +8%
670,600 GYD

Jewelry Polisher Average Pay Raise in Guyana

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 Jewelry Polisher in Guyana is around 5% every 29 months.

The national average pay raise across all professions and industries in Guyana 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 ÷ 29 ) × 12  = 2%

What this means is that a Jewelry Polisher in Guyana can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Guyana for 2024

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

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%

Jewelry Polisher Bonus and Incentive Rates in Guyana

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 Jewelry Polisher is a low bonus based job, with 12% of employees reporting at least one bonus in the last 12 months.

88% 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 0% to 4%.

Received Bonus
12%
No Bonus
88%

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

Public Sector
2,266,400 GYD
Private Sector -14%
1,990,300 GYD

Salaries for Jobs Similar to a Jewelry Polisher

In the table below, we have salary information for jobs that are similar to a Jewelry Polisher in Guyana.

Job Title Category Salary
Alterations Specialist Fashion and Apparel 840,100 GYD
Barber Fashion and Apparel 794,900 GYD
Bench Jeweler Fashion and Apparel 722,100 GYD
Clothing and Textile Technologist Fashion and Apparel 1,800,200 GYD
Cosmetology Educator Fashion and Apparel 1,896,700 GYD
Diamond Setter Fashion and Apparel 909,300 GYD
Diamond Worker Fashion and Apparel 1,023,400 GYD
Fabric Manager Fashion and Apparel 2,003,200 GYD
Fashion Design Manager Fashion and Apparel 3,299,800 GYD
Fashion Designer Fashion and Apparel 2,773,700 GYD
Fashion Merchandiser Fashion and Apparel 1,320,500 GYD
Fashion Model Fashion and Apparel 1,811,000 GYD
Freelance Fashion Stylist Fashion and Apparel 2,998,500 GYD
Garment Technologist Fashion and Apparel 1,606,100 GYD
Hairstylist Fashion and Apparel 906,000 GYD
Jeweler Fashion and Apparel 1,487,200 GYD
Jewelry Mold Maker Fashion and Apparel 1,051,400 GYD
Jewelry Sales Fashion and Apparel 1,259,300 GYD
Plating Manager Fashion and Apparel 2,038,500 GYD
Product Development Manager Fashion and Apparel 3,610,800 GYD
Sewing Machine Operator Fashion and Apparel 578,500 GYD
Shoe Sales Fashion and Apparel 991,000 GYD
Supply Chain Manager Fashion and Apparel 3,323,300 GYD
Tailor / Fitter Fashion and Apparel 772,900 GYD
Trend Forecaster Fashion and Apparel 2,003,200 GYD
Visual Merchandising Coordinator Fashion and Apparel 1,369,700 GYD
Visual Merchandising Projects Manager Fashion and Apparel 2,734,500 GYD

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