Average Nursing Home Administrator Salary in Suriname for 2024

In this article, we will look at the average Nursing Home Administrator salary for 2024 in Suriname 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 Surinamese dollar. To keep things simple, we are using the SRD currency code instead of the currency symbol $.

How Much Does a Nursing Home Administrator Make in Suriname?

A Nursing Home Administrator working in Suriname will typically earn around 33,980 SRD per year, and this can range from the lowest average salary of about 18,780 SRD to the highest average salary of 54,460 SRD.

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

Nursing Home Administrator 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 Nursing Home Administrator Salaries in Suriname

So we've looked at the average salaries a Nursing Home Administrator will earn in Suriname. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Nursing Home Administrator can earn between 18,780 SRD and 54,460 SRD on average in Suriname. 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 Nursing Home Administrator in Suriname is 33,980 SRD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 33,980 SRD, and 50% of the population earn more than 33,980 SRD.

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 Nursing Home Administrator salary in Suriname, 25% of the population are earning less than 23,500 SRD while 75% of the population earn more than 23,500 SRD.

75% of the population earn less than 45,560 SRD, and 25% of the population earn more than 45,560 SRD.

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.

Nursing Home Administrator Salary by Experience Level in Suriname

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 nursing home administrator 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 Nursing Home Administrator in Suriname that has less than two years of experience can expect to earn somewhere in the region of 19,060 SRD.
• 2 - 5 Years Experience. With two to five years of experience the average Nursing Home Administrator salary would increase to 28,180 SRD.
• 5 - 10 Years Experience. From five to ten years of experience as a Nursing Home Administrator, the average salary would be 38,140 SRD.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 43,520 SRD.
• 15 - 20 Years Experience. A Nursing Home Administrator with 15 to 20 years of experience can earn an average of 45,600 SRD.
• 20+ Years Experience. For a Nursing Home Administrator with more than 20 years, the expected average salary increases to 52,460 SRD.

Average Salary by Experience Chart

Nursing Home Administrator Salary by Education Level in Suriname

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 Nursing Home Administrator in Suriname 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 Nursing Home Administrator in Suriname with a high school education can earn an average salary of 27,040 SRD.

• Certificate or Diploma. A Nursing Home Administrator in Suriname with a certificate or diploma education can earn an average salary of 28,860 SRD.

• Bachelor's Degree. A Nursing Home Administrator in Suriname with a bachelor's degree education can earn an average salary of 41,700 SRD.

• Master's Degree. A Nursing Home Administrator in Suriname with a master's degree education can earn an average salary of 52,460 SRD.

Average Salary by Education Chart

Nursing Home Administrator 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 Suriname, a male nursing home administrator will earn an average of 32,420 SRD, while a female nursing home administrator will earn around 34,120 SRD.

This means that a male nursing home administrator earns approximately 5% less than a female nursing home administrator for performing the same job.

Average Salary by Gender Chart in Suriname

Nursing Home Administrator Average Pay Raise in Suriname

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 Nursing Home Administrator in Suriname is around 7% every 28 months.

The national average pay raise across all professions and industries in Suriname 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 Nursing Home Administrator in Suriname can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Suriname for 2024

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

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

Nursing Home Administrator Bonus and Incentive Rates in Suriname

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 Nursing Home Administrator is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% 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%.

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 Suriname earn approximately 20% more than private sector employees in the same role.

Salaries for Jobs Similar to a Nursing Home Administrator

In the table below, we have salary information for jobs that are similar to a Nursing Home Administrator in Suriname.

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