Average Policy Change Technician Salary in Albania for 2024

In this article, we will look at the average Policy Change Technician salary for 2024 in Albania 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 Albanian lek. To keep things simple, we are using the ALL currency code instead of the currency symbol L.

How Much Does a Policy Change Technician Make in Albania?

A Policy Change Technician working in Albania will typically earn around 563,300 ALL per year, and this can range from the lowest average salary of about 294,300 ALL to the highest average salary of 864,900 ALL.

Average Annual Salary
563,300 ALL
Average Monthly Salary
46,941 ALL

Lowest Annual Salary
294,300 ALL
Lowest Monthly Salary
24,525 ALL

Highest Annual Salary
864,900 ALL
Highest Monthly Salary
72,075 ALL

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

Policy Change Technician 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 Policy Change Technician Salaries in Albania

So we've looked at the average salaries a Policy Change Technician will earn in Albania. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Policy Change Technician can earn between 294,300 ALL and 864,900 ALL on average in Albania. 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 Policy Change Technician in Albania is 541,700 ALL. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 541,700 ALL, and 50% of the population earn more than 541,700 ALL.

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 Policy Change Technician salary in Albania, 25% of the population are earning less than 377,200 ALL while 75% of the population earn more than 377,200 ALL.

75% of the population earn less than 675,200 ALL, and 25% of the population earn more than 675,200 ALL.

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.

Policy Change Technician Salary by Experience Level in Albania

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 policy change technician 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 Policy Change Technician in Albania that has less than two years of experience can expect to earn somewhere in the region of 332,100 ALL.
  • 2 - 5 Years Experience. With two to five years of experience the average Policy Change Technician salary would increase to 448,500 ALL.
  • 5 - 10 Years Experience. From five to ten years of experience as a Policy Change Technician, the average salary would be 581,000 ALL.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 705,500 ALL.
  • 15 - 20 Years Experience. A Policy Change Technician with 15 to 20 years of experience can earn an average of 769,500 ALL.
  • 20+ Years Experience. For a Policy Change Technician with more than 20 years, the expected average salary increases to 810,200 ALL.

Average Salary by Experience Chart

0-2 Years
332,100 ALL
2-5 Years +34%
448,500 ALL
5-10 Years +30%
581,000 ALL
10-15 Years +21%
705,500 ALL
15-20 Years +9%
769,500 ALL
20+ Years +5%
810,200 ALL

Policy Change Technician Salary by Education Level in Albania

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 Policy Change Technician in Albania based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Policy Change Technician in Albania with a certificate or diploma education can earn an average salary of 396,300 ALL.

  • Bachelor's Degree. A Policy Change Technician in Albania with a bachelor's degree education can earn an average salary of 602,700 ALL.

  • Master's Degree. A Policy Change Technician in Albania with a master's degree education can earn an average salary of 852,600 ALL.

Average Salary by Education Chart

Certificate or Diploma
396,300 ALL
Bachelor's Degree +52%
602,700 ALL
Master's Degree +42%
852,600 ALL

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 Albania is around 480,000 to 1,440,000 ALL 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.

Policy Change Technician 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 Albania, a male policy change technician will earn an average of 587,800 ALL, while a female policy change technician will earn around 548,500 ALL.

This means that a male policy change technician earns approximately 7% more than a female policy change technician for performing the same job.

Average Salary by Gender Chart in Albania

Male
587,800 ALL
Female -7%
548,500 ALL

Policy Change Technician Average Pay Raise in Albania

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 Policy Change Technician in Albania is around 6% every 29 months.

The national average pay raise across all professions and industries in Albania 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 = ( 6 ÷ 29 ) × 12  = 2%

What this means is that a Policy Change Technician in Albania can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Albania for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Policy Change Technician Bonus and Incentive Rates in Albania

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 Policy Change Technician is a low bonus based job, with 34% of employees reporting at least one bonus in the last 12 months.

66% 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 5%.

Received Bonus
34%
No Bonus
66%

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 Albania earn approximately 14% more than private sector employees in the same role.

Public Sector
1,249,900 ALL
Private Sector -14%
1,097,500 ALL

Salaries for Jobs Similar to a Policy Change Technician

In the table below, we have salary information for jobs that are similar to a Policy Change Technician in Albania.

Job Title Category Salary
Actuarial Analyst Insurance 1,668,900 ALL
Actuarial Assistant Insurance 1,180,700 ALL
Actuarial Specialist Insurance 1,198,300 ALL
Actuary Insurance 1,645,600 ALL
Adjustment Insurance Clerk Insurance 464,400 ALL
Assistant Broker Insurance 790,600 ALL
Assistant Claims Manager Insurance 1,306,100 ALL
Associate Insurance Representative Insurance 605,700 ALL
Auditing Insurance Manager Insurance 1,858,200 ALL
Broker Insurance 1,191,100 ALL
Claim Advocacy Professional Insurance 1,249,900 ALL
Claims Adjuster Insurance 466,900 ALL
Claims Analyst Insurance 653,200 ALL
Claims Examiner Insurance 658,300 ALL
Claims Manager Insurance 1,788,300 ALL
Claims Processor Insurance 472,100 ALL
Claims Representative Insurance 545,300 ALL
Claims Resolution Specialist Insurance 1,345,400 ALL
Claims Supervisor Insurance 1,141,600 ALL
Complaints Specialist Insurance 1,077,700 ALL
Compliance Examiner Insurance 1,175,700 ALL
Compliance Officer Insurance 964,000 ALL
Compliance Reviewer Insurance 1,160,900 ALL
Consultant Insurance 1,235,600 ALL
Eligibility Interviewer Insurance 1,283,600 ALL
Eligibility Specialist Insurance 1,159,900 ALL
Insurance Account Manager Insurance 1,428,800 ALL
Insurance Accounts Executive Insurance 1,283,600 ALL
Insurance Adjuster Insurance 1,165,400 ALL
Insurance Agent Insurance 695,400 ALL
Insurance Analyst Insurance 1,133,900 ALL
Insurance Appraiser Insurance 1,212,800 ALL
Insurance Claims Clerk Insurance 451,000 ALL
Insurance Examiner Insurance 1,112,300 ALL
Insurance Investigator Insurance 1,147,500 ALL
Insurance Manager Insurance 2,052,200 ALL
Insurance Operations Manager Insurance 2,026,800 ALL
Insurance Policy Processing Clerk Insurance 454,300 ALL
Insurance Pricing Assistant Insurance 923,000 ALL
Insurance Program Manager Insurance 1,632,100 ALL
Insurance Project Manager Insurance 1,570,900 ALL
Insurance Quality Assurance Agent Insurance 1,089,400 ALL
Insurance Sales Agent Insurance 727,100 ALL
Insurance Sales Director Insurance 2,052,200 ALL
Insurance Sales Manager Insurance 1,560,800 ALL
Insurance Sales Representative Insurance 639,900 ALL
Insurance Team Leader Insurance 1,224,800 ALL
Insurance Underwriter Insurance 918,600 ALL
Loss Control Specialist Insurance 1,224,800 ALL
Loss Prevention Investigator Insurance 1,320,500 ALL
Loss Prevention Manager Insurance 1,678,300 ALL
Loss Prevention Specialist Insurance 1,224,800 ALL
Marine Underwriter Insurance 854,300 ALL
Medical Auditor Insurance 1,212,800 ALL
Monitoring and Performance Officer Insurance 874,900 ALL
Payment Services Specialist Insurance 1,273,300 ALL
Policy Change Director Insurance 1,811,000 ALL
Policy Change Supervisor Insurance 1,259,300 ALL
Risk Analyst Insurance 1,306,100 ALL
Risk Management Director Insurance 2,281,800 ALL
Risk Management Supervisor Insurance 1,476,700 ALL
Risk Manager Insurance 2,207,600 ALL
Risk Modeling Manager Insurance 2,221,600 ALL
Title Insurance Typist Insurance 1,015,500 ALL
Training Manager Insurance 1,380,400 ALL

Salary Comparison by City

If you want to compare salaries with different cities in Albania, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Berat 535,900 ALL
Durres 649,700 ALL
Elbasan 608,500 ALL
Fier 568,500 ALL
Gjirokaster 575,100 ALL
Korca 582,700 ALL
Lezhe 528,600 ALL
Sarande 531,700 ALL
Shkodra 573,500 ALL
Tirana 633,300 ALL
Vlore 641,900 ALL

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