Average Lift Truck Operator Salary in Bahamas for 2024

In this article, we will look at the average Lift Truck Operator salary for 2024 in Bahamas 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 Bahamian dollar. To keep things simple, we are using the BSD currency code instead of the currency symbol $.

How Much Does a Lift Truck Operator Make in Bahamas?

A Lift Truck Operator working in Bahamas will typically earn around 15,200 BSD per year, and this can range from the lowest average salary of about 6,660 BSD to the highest average salary of 23,700 BSD.

Average Annual Salary
15,200 BSD
Average Monthly Salary
1,266 BSD

Lowest Annual Salary
6,660 BSD
Lowest Monthly Salary
555 BSD

Highest Annual Salary
23,700 BSD
Highest Monthly Salary
1,975 BSD

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

Lift Truck Operator 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 Lift Truck Operator Salaries in Bahamas

So we've looked at the average salaries a Lift Truck Operator will earn in Bahamas. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Lift Truck Operator can earn between 6,660 BSD and 23,700 BSD on average in Bahamas. 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 Lift Truck Operator in Bahamas is 13,500 BSD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 13,500 BSD, and 50% of the population earn more than 13,500 BSD.

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 Lift Truck Operator salary in Bahamas, 25% of the population are earning less than 11,780 BSD while 75% of the population earn more than 11,780 BSD.

75% of the population earn less than 19,300 BSD, and 25% of the population earn more than 19,300 BSD.

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.

Lift Truck Operator Salary by Experience Level in Bahamas

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 lift truck operator 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 Lift Truck Operator in Bahamas that has less than two years of experience can expect to earn somewhere in the region of 7,040 BSD.
  • 2 - 5 Years Experience. With two to five years of experience the average Lift Truck Operator salary would increase to 11,640 BSD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Lift Truck Operator, the average salary would be 14,300 BSD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 18,000 BSD.
  • 15 - 20 Years Experience. A Lift Truck Operator with 15 to 20 years of experience can earn an average of 19,400 BSD.
  • 20+ Years Experience. For a Lift Truck Operator with more than 20 years, the expected average salary increases to 23,000 BSD.

Average Salary by Experience Chart

0-2 Years
7,040 BSD
2-5 Years +34%
11,640 BSD
5-10 Years +48%
14,300 BSD
10-15 Years +22%
18,000 BSD
15-20 Years +9%
19,400 BSD
20+ Years +8%
23,000 BSD

Lift Truck Operator Salary by Education Level in Bahamas

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 Lift Truck Operator in Bahamas 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 Lift Truck Operator in Bahamas with a high school education can earn an average salary of 7,050 BSD.

  • Certificate or Diploma. A Lift Truck Operator in Bahamas with a certificate or diploma education can earn an average salary of 18,300 BSD.

Average Salary by Education Chart

High School
7,050 BSD
Certificate or Diploma +93%
18,300 BSD

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 Bahamas is around 19,500 to 58,400 BSD 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.

Lift Truck Operator 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 Bahamas, a male lift truck operator will earn an average of 14,200 BSD, while a female lift truck operator will earn around 13,400 BSD.

This means that a male lift truck operator earns approximately 6% more than a female lift truck operator for performing the same job.

Average Salary by Gender Chart in Bahamas

Male
14,200 BSD
Female -6%
13,400 BSD

Lift Truck Operator Average Pay Raise in Bahamas

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 Lift Truck Operator in Bahamas is around 5% every 29 months.

The national average pay raise across all professions and industries in Bahamas 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 = ( 5 ÷ 29 ) × 12  = 2%

What this means is that a Lift Truck Operator in Bahamas can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Bahamas for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Lift Truck Operator Bonus and Incentive Rates in Bahamas

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 Lift Truck Operator is a low bonus based job, with 15% of employees reporting at least one bonus in the last 12 months.

85% 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
15%
No Bonus
85%

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

Public Sector
51,500 BSD
Private Sector -11%
46,300 BSD

Salaries for Jobs Similar to a Lift Truck Operator

In the table below, we have salary information for jobs that are similar to a Lift Truck Operator in Bahamas.

Job Title Category Salary
Assembly Foreman Factory and Manufacturing 15,100 BSD
Assembly Line Worker Factory and Manufacturing 13,000 BSD
Assembly Supervisor Factory and Manufacturing 20,200 BSD
Assistance Maintenance Manager Factory and Manufacturing 50,500 BSD
Assistant Shipping Manager Factory and Manufacturing 45,000 BSD
Chemical Equipment Controller Factory and Manufacturing 31,400 BSD
Chemical Technican Apprentice Factory and Manufacturing 23,600 BSD
CNC Machinist Factory and Manufacturing 30,800 BSD
CNC Operator Factory and Manufacturing 26,900 BSD
CNC Programmer Factory and Manufacturing 33,000 BSD
Colour Technologist Factory and Manufacturing 15,500 BSD
Contracts Manager Factory and Manufacturing 53,500 BSD
Data Collection Coordinator Factory and Manufacturing 22,200 BSD
Demand Planner Factory and Manufacturing 19,300 BSD
Derrick Operator Factory and Manufacturing 12,400 BSD
Director of Manufacturing Factory and Manufacturing 81,400 BSD
Dock Worker Factory and Manufacturing 12,600 BSD
Drying Technician Factory and Manufacturing 11,800 BSD
Equipment Operator Factory and Manufacturing 13,700 BSD
Export Sales Coordinator Factory and Manufacturing 38,000 BSD
Factory Superintendent Factory and Manufacturing 20,900 BSD
Factory Worker Factory and Manufacturing 15,500 BSD
Failure Analysis Technician Factory and Manufacturing 20,000 BSD
Fiberglass Laminator Factory and Manufacturing 13,900 BSD
Food Technologist Factory and Manufacturing 24,200 BSD
Forklift Driver Factory and Manufacturing 12,000 BSD
Forklift Operator Factory and Manufacturing 15,300 BSD
Forming Machine Operator Factory and Manufacturing 12,000 BSD
Furnace Operator Factory and Manufacturing 13,900 BSD
Gas Appliance Repairer Factory and Manufacturing 13,900 BSD
General Warehouse Associate Factory and Manufacturing 20,700 BSD
Heavy Equipment Operator Factory and Manufacturing 17,900 BSD
HSE Manager Factory and Manufacturing 59,000 BSD
Industrial Engineer Factory and Manufacturing 46,400 BSD
Industrial Machinery Mechanic Factory and Manufacturing 29,000 BSD
Industrial Production Manager Factory and Manufacturing 79,500 BSD
Industrial Safety and Health Engineer Factory and Manufacturing 38,900 BSD
Intake Operator Factory and Manufacturing 17,100 BSD
Key Account Manager Factory and Manufacturing 65,900 BSD
Loading Supervisor Factory and Manufacturing 22,000 BSD
Logistic Coordinator Factory and Manufacturing 32,900 BSD
Logistics Clerk Factory and Manufacturing 16,100 BSD
Machine Operator Factory and Manufacturing 13,400 BSD
Machinist Factory and Manufacturing 14,900 BSD
Maintenance Manager Factory and Manufacturing 51,600 BSD
Maintenance Store Clerk Factory and Manufacturing 14,500 BSD
Manufacturing Engineer Factory and Manufacturing 39,700 BSD
Manufacturing Engineering Manager Factory and Manufacturing 61,700 BSD
Manufacturing Engineering Technologist Factory and Manufacturing 50,000 BSD
Manufacturing Manager Factory and Manufacturing 72,400 BSD
Manufacturing Operative Factory and Manufacturing 22,200 BSD
Manufacturing Production Technician Factory and Manufacturing 15,700 BSD
Manufacturing Supervisor Factory and Manufacturing 36,900 BSD
Manufacturing Technician Factory and Manufacturing 13,500 BSD
Materials Manager Factory and Manufacturing 58,700 BSD
Materials Supervisor Factory and Manufacturing 36,200 BSD
Mechanical Fitter Engineer Factory and Manufacturing 43,100 BSD
Mechanical Foreman Factory and Manufacturing 12,000 BSD
Merchandise Planner Factory and Manufacturing 23,800 BSD
Metrology Engineer Factory and Manufacturing 41,300 BSD
Operations Engineer Factory and Manufacturing 40,300 BSD
Operations Manager Factory and Manufacturing 65,500 BSD
Order Management Coordinator Factory and Manufacturing 35,000 BSD
Order Processing Manager Factory and Manufacturing 56,600 BSD
Order Selector Factory and Manufacturing 16,800 BSD
Package Handler Factory and Manufacturing 13,600 BSD
Packaging Manager Factory and Manufacturing 46,100 BSD
Packer Factory and Manufacturing 15,800 BSD
Packing Deputy Supervisor Factory and Manufacturing 34,000 BSD
Planning Manager Factory and Manufacturing 61,200 BSD
Plant Manager Factory and Manufacturing 77,000 BSD
Precision Instrument Repairer Factory and Manufacturing 20,500 BSD
Process Technician Factory and Manufacturing 19,400 BSD
Product Manager Factory and Manufacturing 73,500 BSD
Production Analyst Factory and Manufacturing 57,400 BSD
Production Director Factory and Manufacturing 86,800 BSD
Production Engineer Factory and Manufacturing 45,600 BSD
Production Engineering Supervisor Factory and Manufacturing 67,400 BSD
Production Inspector Factory and Manufacturing 43,800 BSD
Production Laborer Factory and Manufacturing 13,900 BSD
Production Manager Factory and Manufacturing 83,800 BSD
Production Operator Factory and Manufacturing 19,100 BSD
Production Scheduler Factory and Manufacturing 30,700 BSD
Production Supervisor Factory and Manufacturing 42,700 BSD
Production Technician Factory and Manufacturing 20,300 BSD
Production Worker Factory and Manufacturing 18,000 BSD
Quality Control Analyst Factory and Manufacturing 53,500 BSD
Quality Control Inspector Factory and Manufacturing 43,100 BSD
Quality Control Manager Factory and Manufacturing 62,600 BSD
Service Technician Factory and Manufacturing 18,300 BSD
SHEQ Officer Factory and Manufacturing 19,400 BSD
Shipping Manager Factory and Manufacturing 67,900 BSD
Small Engine Mechanic Factory and Manufacturing 22,800 BSD
Spray Painter Factory and Manufacturing 13,600 BSD
Sterile Processing Technician Factory and Manufacturing 16,800 BSD
Structural Welder Factory and Manufacturing 13,000 BSD
Supply Chain Operative Factory and Manufacturing 36,400 BSD
Technical Operator Factory and Manufacturing 15,700 BSD
Technology Development Manager Factory and Manufacturing 80,200 BSD
Testing Technician Factory and Manufacturing 32,900 BSD
Toolmaker Factory and Manufacturing 20,700 BSD
Warehouse Forklift Operator Factory and Manufacturing 15,200 BSD
Warehouse Operative Factory and Manufacturing 15,400 BSD
Warehouse Worker Factory and Manufacturing 14,500 BSD
Warranty Handler Factory and Manufacturing 23,600 BSD
Welder Factory and Manufacturing 12,800 BSD
Workshop Manager Factory and Manufacturing 46,900 BSD

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