Average Natural Remedy Consultant Salary in Panama for 2024

In this article, we will look at the average Natural Remedy Consultant salary for 2024 in Panama 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 Panamanian balboa. To keep things simple, we are using the PAB currency code instead of the currency symbol B/..

How Much Does a Natural Remedy Consultant Make in Panama?

A Natural Remedy Consultant working in Panama will typically earn around 29,540 PAB per year, and this can range from the lowest average salary of about 13,780 PAB to the highest average salary of 43,520 PAB.

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

Natural Remedy Consultant 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 Natural Remedy Consultant Salaries in Panama

So we've looked at the average salaries a Natural Remedy Consultant will earn in Panama. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Natural Remedy Consultant can earn between 13,780 PAB and 43,520 PAB on average in Panama. 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 Natural Remedy Consultant in Panama is 29,320 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 29,320 PAB, and 50% of the population earn more than 29,320 PAB.

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 Natural Remedy Consultant salary in Panama, 25% of the population are earning less than 18,900 PAB while 75% of the population earn more than 18,900 PAB.

75% of the population earn less than 39,800 PAB, and 25% of the population earn more than 39,800 PAB.

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.

Natural Remedy Consultant Salary by Experience Level in Panama

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 natural remedy consultant 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 Natural Remedy Consultant in Panama that has less than two years of experience can expect to earn somewhere in the region of 17,020 PAB.
• 2 - 5 Years Experience. With two to five years of experience the average Natural Remedy Consultant salary would increase to 19,060 PAB.
• 5 - 10 Years Experience. From five to ten years of experience as a Natural Remedy Consultant, the average salary would be 31,540 PAB.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 37,620 PAB.
• 15 - 20 Years Experience. A Natural Remedy Consultant with 15 to 20 years of experience can earn an average of 38,060 PAB.
• 20+ Years Experience. For a Natural Remedy Consultant with more than 20 years, the expected average salary increases to 42,320 PAB.

Average Salary by Experience Chart

Natural Remedy Consultant Salary by Education Level in Panama

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 Natural Remedy Consultant in Panama 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 Natural Remedy Consultant in Panama with a high school education can earn an average salary of 19,200 PAB.

• Certificate or Diploma. A Natural Remedy Consultant in Panama with a certificate or diploma education can earn an average salary of 29,040 PAB.

• Bachelor's Degree. A Natural Remedy Consultant in Panama with a bachelor's degree education can earn an average salary of 42,320 PAB.

Average Salary by Education Chart

Natural Remedy Consultant 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 Panama, a male natural remedy consultant will earn an average of 25,440 PAB, while a female natural remedy consultant will earn around 27,560 PAB.

This means that a male natural remedy consultant earns approximately 8% less than a female natural remedy consultant for performing the same job.

Average Salary by Gender Chart in Panama

Natural Remedy Consultant Average Pay Raise in Panama

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 Natural Remedy Consultant in Panama is around 10% every 20 months.

The national average pay raise across all professions and industries in Panama is around 7% every 19 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 = ( 10 ÷ 20 ) × 12  = 6%

What this means is that a Natural Remedy Consultant in Panama can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Panama for 2024

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

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

Natural Remedy Consultant Bonus and Incentive Rates in Panama

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 Natural Remedy Consultant is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.

19% 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 5% to 9%.

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 Panama earn approximately 4% more than private sector employees in the same role.

Salaries for Jobs Similar to a Natural Remedy Consultant

In the table below, we have salary information for jobs that are similar to a Natural Remedy Consultant in Panama.

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