Average Merchandise Planner Salary in Laos for 2024

In this article, we will look at the average Merchandise Planner salary for 2024 in Laos 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 Lao kip. To keep things simple, we are using the LAK currency code instead of the currency symbol โ‚ญ.

How Much Does a Merchandise Planner Make in Laos?

A Merchandise Planner working in Laos will typically earn around 30,119,100 LAK per year, and this can range from the lowest average salary of about 13,798,900 LAK to the highest average salary of 47,880,300 LAK.

Average Annual Salary
30,119,100 LAK
Average Monthly Salary
2,509,925 LAK

Lowest Annual Salary
13,798,900 LAK
Lowest Monthly Salary
1,149,908 LAK

Highest Annual Salary
47,880,300 LAK
Highest Monthly Salary
3,990,025 LAK

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

Merchandise Planner 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 Merchandise Planner Salaries in Laos

So we've looked at the average salaries a Merchandise Planner will earn in Laos. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Merchandise Planner can earn between 13,798,900 LAK and 47,880,300 LAK on average in Laos. 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 Merchandise Planner in Laos is 32,519,500 LAK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 32,519,500 LAK, and 50% of the population earn more than 32,519,500 LAK.

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 Merchandise Planner salary in Laos, 25% of the population are earning less than 20,878,800 LAK while 75% of the population earn more than 20,878,800 LAK.

75% of the population earn less than 43,438,200 LAK, and 25% of the population earn more than 43,438,200 LAK.

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.

Merchandise Planner Salary by Experience Level in Laos

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 merchandise planner 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 Merchandise Planner in Laos that has less than two years of experience can expect to earn somewhere in the region of 15,719,900 LAK.
  • 2 - 5 Years Experience. With two to five years of experience the average Merchandise Planner salary would increase to 20,999,200 LAK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Merchandise Planner, the average salary would be 31,081,900 LAK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 37,800,500 LAK.
  • 15 - 20 Years Experience. A Merchandise Planner with 15 to 20 years of experience can earn an average of 41,280,700 LAK.
  • 20+ Years Experience. For a Merchandise Planner with more than 20 years, the expected average salary increases to 44,641,600 LAK.

Average Salary by Experience Chart

0-2 Years
15,719,900 LAK
2-5 Years +34%
20,999,200 LAK
5-10 Years +48%
31,081,900 LAK
10-15 Years +22%
37,800,500 LAK
15-20 Years +9%
41,280,700 LAK
20+ Years +8%
44,641,600 LAK

Merchandise Planner Salary by Education Level in Laos

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 Merchandise Planner in Laos 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 Merchandise Planner in Laos with a high school education can earn an average salary of 19,321,100 LAK.

  • Certificate or Diploma. A Merchandise Planner in Laos with a certificate or diploma education can earn an average salary of 22,681,800 LAK.

  • Bachelor's Degree. A Merchandise Planner in Laos with a bachelor's degree education can earn an average salary of 32,879,500 LAK.

  • Master's Degree. A Merchandise Planner in Laos with a master's degree education can earn an average salary of 43,081,400 LAK.

Average Salary by Education Chart

High School
19,321,100 LAK
Certificate or Diploma +18%
22,681,800 LAK
Bachelor's Degree +45%
32,879,500 LAK
Master's Degree +31%
43,081,400 LAK

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 Laos is around 22,700,000 to 68,200,000 LAK 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.

Merchandise Planner 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 Laos, a male merchandise planner will earn an average of 32,038,500 LAK, while a female merchandise planner will earn around 28,200,200 LAK.

This means that a male merchandise planner earns approximately 14% more than a female merchandise planner for performing the same job.

Average Salary by Gender Chart in Laos

Male
32,038,500 LAK
Female -14%
28,200,200 LAK

Merchandise Planner Average Pay Raise in Laos

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 Merchandise Planner in Laos is around 8% every 27 months.

The national average pay raise across all professions and industries in Laos 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 = ( 8 ÷ 27 ) × 12  = 4%

What this means is that a Merchandise Planner in Laos can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Laos for 2024

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

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

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Merchandise Planner Bonus and Incentive Rates in Laos

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 Merchandise Planner is a low bonus based job, with 40% of employees reporting at least one bonus in the last 12 months.

60% 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
40%
No Bonus
60%

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 Laos earn approximately 25% more than private sector employees in the same role.

Public Sector
60,598,100 LAK
Private Sector -25%
48,601,200 LAK

Salaries for Jobs Similar to a Merchandise Planner

In the table below, we have salary information for jobs that are similar to a Merchandise Planner in Laos.

Job Title Category Salary
Assistant Business Development Manager Business Planning 76,801,100 LAK
Assistant Merchandise Planner Business Planning 44,519,300 LAK
Business Advisor Business Planning 67,681,200 LAK
Business Analyst Business Planning 68,158,300 LAK
Business Consultant Business Planning 67,441,500 LAK
Business Continuity Associate Business Planning 40,679,700 LAK
Business Developer Business Planning 44,161,600 LAK
Business Development Analyst Business Planning 48,721,100 LAK
Business Development Associate Business Planning 35,640,500 LAK
Business Development Coordinator Business Planning 39,119,300 LAK
Business Development Director Business Planning 96,478,500 LAK
Business Development Engineer Business Planning 54,600,600 LAK
Business Development Executive Business Planning 72,718,100 LAK
Business Development Manager Business Planning 86,759,500 LAK
Business Development Specialist Business Planning 64,198,300 LAK
Business Manager Business Planning 79,319,400 LAK
Business Operations Specialist Business Planning 65,998,100 LAK
Business Process Writer Business Planning 40,199,100 LAK
Business Systems Analyst Business Planning 71,521,400 LAK
Capacity Planner Business Planning 50,039,800 LAK
Capacity Planning Supervisor Business Planning 68,039,500 LAK
Change Communications Analyst Business Planning 65,161,000 LAK
Change Control Analyst Business Planning 67,681,200 LAK
Change Impact Analyst Business Planning 63,000,700 LAK
Contracts Executive Business Planning 67,920,100 LAK
Corporate Strategy Analyst Business Planning 67,441,500 LAK
Cost Control Engineer Business Planning 44,641,600 LAK
Cost Controller Business Planning 51,361,500 LAK
Cost Estimator Business Planning 46,080,100 LAK
Data Executive Business Planning 36,121,000 LAK
Data Manager Business Planning 51,841,000 LAK
Data Processing Manager Business Planning 60,239,600 LAK
Development Researcher Business Planning 53,040,100 LAK
Director of Business Development Business Planning 101,281,000 LAK
Director of Production Planning Business Planning 86,881,900 LAK
Due Diligence Analyst Business Planning 74,518,900 LAK
Estimating Manager Business Planning 71,999,700 LAK
General Manager Business Planning 85,560,900 LAK
Incident Handler Business Planning 47,640,400 LAK
Incident Specialist Business Planning 59,398,900 LAK
Lean Consultant Business Planning 50,519,600 LAK
Manager Business Planning 89,639,700 LAK
Marketing and Business Development Manager Business Planning 87,358,200 LAK
Materials Planner Business Planning 29,641,500 LAK
Merchandise Assistant Business Planning 29,519,900 LAK
Merchandise Controller Business Planning 30,001,600 LAK
Operations Analyst Business Planning 64,319,500 LAK
Operations Manager Business Planning 72,840,900 LAK
Operations Research Analyst Business Planning 42,839,200 LAK
Planning and Reporting Manager Business Planning 73,681,000 LAK
Planning Director Business Planning 91,439,200 LAK
Project Administrator Business Planning 45,361,500 LAK
Project Manager Business Planning 73,558,300 LAK
Project Planner Business Planning 45,719,900 LAK
Research Assistant Business Planning 36,480,500 LAK
Research Engineer Business Planning 43,198,900 LAK
Research Officer Business Planning 34,561,900 LAK
Risk Management Specialist Business Planning 65,878,200 LAK
Scholarship Coordinator Business Planning 35,039,300 LAK
Store Planner Business Planning 35,039,300 LAK
Strategy Director Business Planning 92,758,800 LAK
Top Research and Development Executive Business Planning 101,281,000 LAK

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