Average Loss Control Specialist Salary in Haiti for 2024

In this article, we will look at the average Loss Control Specialist salary for 2024 in Haiti 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 Haitian gourde. To keep things simple, we are using the HTG currency code instead of the currency symbol G.

How Much Does a Loss Control Specialist Make in Haiti?

A Loss Control Specialist working in Haiti will typically earn around 732,400 HTG per year, and this can range from the lowest average salary of about 359,900 HTG to the highest average salary of 1,141,600 HTG.

Average Annual Salary
732,400 HTG
Average Monthly Salary
61,033 HTG

Lowest Annual Salary
359,900 HTG
Lowest Monthly Salary
29,991 HTG

Highest Annual Salary
1,141,600 HTG
Highest Monthly Salary
95,133 HTG

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

Loss Control 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 Loss Control Specialist Salaries in Haiti

So we've looked at the average salaries a Loss Control Specialist will earn in Haiti. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Loss Control Specialist can earn between 359,900 HTG and 1,141,600 HTG on average in Haiti. 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 Loss Control Specialist in Haiti is 745,000 HTG. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 745,000 HTG, and 50% of the population earn more than 745,000 HTG.

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 Loss Control Specialist salary in Haiti, 25% of the population are earning less than 498,500 HTG while 75% of the population earn more than 498,500 HTG.

75% of the population earn less than 962,900 HTG, and 25% of the population earn more than 962,900 HTG.

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.

Loss Control Specialist Salary by Experience Level in Haiti

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 loss control 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. A Loss Control Specialist in Haiti that has less than two years of experience can expect to earn somewhere in the region of 424,900 HTG.
  • 2 - 5 Years Experience. With two to five years of experience the average Loss Control Specialist salary would increase to 545,300 HTG.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loss Control Specialist, the average salary would be 752,600 HTG.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 932,000 HTG.
  • 15 - 20 Years Experience. A Loss Control Specialist with 15 to 20 years of experience can earn an average of 998,400 HTG.
  • 20+ Years Experience. For a Loss Control Specialist with more than 20 years, the expected average salary increases to 1,065,800 HTG.

Average Salary by Experience Chart

0-2 Years
424,900 HTG
2-5 Years +29%
545,300 HTG
5-10 Years +38%
752,600 HTG
10-15 Years +24%
932,000 HTG
15-20 Years +7%
998,400 HTG
20+ Years +7%
1,065,800 HTG

Loss Control Specialist Salary by Education Level in Haiti

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 Loss Control Specialist in Haiti based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Loss Control Specialist in Haiti with a bachelor's degree education can earn an average salary of 529,600 HTG.

  • Master's Degree. A Loss Control Specialist in Haiti with a master's degree education can earn an average salary of 849,200 HTG.

Average Salary by Education Chart

Bachelor's Degree
529,600 HTG
Master's Degree +60%
849,200 HTG

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 Haiti is around 342,000 to 1,030,000 HTG 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.

Loss Control 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 Haiti, a male loss control specialist will earn an average of 765,100 HTG, while a female loss control specialist will earn around 680,100 HTG.

This means that a male loss control specialist earns approximately 12% more than a female loss control specialist for performing the same job.

Average Salary by Gender Chart in Haiti

Male
765,100 HTG
Female -12%
680,100 HTG

Loss Control Specialist Average Pay Raise in Haiti

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 Loss Control Specialist in Haiti is around 7% every 28 months.

The national average pay raise across all professions and industries in Haiti 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 = ( 7 ÷ 28 ) × 12  = 3%

What this means is that a Loss Control Specialist in Haiti can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Haiti for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Loss Control Specialist Bonus and Incentive Rates in Haiti

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 Loss Control Specialist 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 Haiti earn approximately 21% more than private sector employees in the same role.

Public Sector
903,500 HTG
Private Sector -21%
745,000 HTG

Salaries for Jobs Similar to a Loss Control Specialist

In the table below, we have salary information for jobs that are similar to a Loss Control Specialist in Haiti.

Job Title Category Salary
Actuarial Analyst Insurance 1,037,000 HTG
Actuarial Assistant Insurance 724,000 HTG
Actuarial Specialist Insurance 728,500 HTG
Actuary Insurance 1,075,700 HTG
Adjustment Insurance Clerk Insurance 290,800 HTG
Assistant Broker Insurance 487,600 HTG
Assistant Claims Manager Insurance 810,400 HTG
Associate Insurance Representative Insurance 421,400 HTG
Auditing Insurance Manager Insurance 1,149,200 HTG
Broker Insurance 780,600 HTG
Claim Advocacy Professional Insurance 790,600 HTG
Claims Adjuster Insurance 283,700 HTG
Claims Analyst Insurance 398,300 HTG
Claims Examiner Insurance 394,300 HTG
Claims Manager Insurance 1,065,800 HTG
Claims Processor Insurance 277,400 HTG
Claims Representative Insurance 362,200 HTG
Claims Resolution Specialist Insurance 846,500 HTG
Claims Supervisor Insurance 816,000 HTG
Complaints Specialist Insurance 725,700 HTG
Compliance Examiner Insurance 731,700 HTG
Compliance Officer Insurance 615,700 HTG
Compliance Reviewer Insurance 717,900 HTG
Consultant Insurance 769,500 HTG
Eligibility Interviewer Insurance 810,200 HTG
Eligibility Specialist Insurance 823,900 HTG
Insurance Account Manager Insurance 995,200 HTG
Insurance Accounts Executive Insurance 829,000 HTG
Insurance Adjuster Insurance 714,600 HTG
Insurance Agent Insurance 476,600 HTG
Insurance Analyst Insurance 798,900 HTG
Insurance Appraiser Insurance 754,900 HTG
Insurance Claims Clerk Insurance 275,500 HTG
Insurance Examiner Insurance 751,700 HTG
Insurance Investigator Insurance 768,900 HTG
Insurance Manager Insurance 1,333,900 HTG
Insurance Operations Manager Insurance 1,333,900 HTG
Insurance Policy Processing Clerk Insurance 301,300 HTG
Insurance Pricing Assistant Insurance 628,000 HTG
Insurance Program Manager Insurance 1,021,800 HTG
Insurance Project Manager Insurance 983,100 HTG
Insurance Quality Assurance Agent Insurance 650,700 HTG
Insurance Sales Agent Insurance 480,600 HTG
Insurance Sales Director Insurance 1,259,300 HTG
Insurance Sales Manager Insurance 999,500 HTG
Insurance Sales Representative Insurance 419,400 HTG
Insurance Team Leader Insurance 846,500 HTG
Insurance Underwriter Insurance 588,500 HTG
Loss Prevention Investigator Insurance 781,200 HTG
Loss Prevention Manager Insurance 1,088,800 HTG
Loss Prevention Specialist Insurance 874,500 HTG
Marine Underwriter Insurance 615,000 HTG
Medical Auditor Insurance 788,000 HTG
Monitoring and Performance Officer Insurance 555,800 HTG
Payment Services Specialist Insurance 754,900 HTG
Policy Change Director Insurance 1,259,300 HTG
Policy Change Supervisor Insurance 866,900 HTG
Policy Change Technician Insurance 385,300 HTG
Risk Analyst Insurance 883,500 HTG
Risk Management Director Insurance 1,524,300 HTG
Risk Management Supervisor Insurance 976,300 HTG
Risk Manager Insurance 1,440,700 HTG
Risk Modeling Manager Insurance 1,440,700 HTG
Title Insurance Typist Insurance 664,500 HTG
Training Manager Insurance 851,200 HTG

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