Average Policy Change Technician Salary in Sargodha, Pakistan for 2024

In this article, we will look at the average Policy Change Technician salary for 2024 in Sargodha 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 Pakistani rupee. To keep things simple, we are using the PKR currency code instead of the currency symbol โ‚จ.

How Much Does a Policy Change Technician Make in Sargodha?

A Policy Change Technician working in Sargodha will typically earn around 415,900 PKR per year, and this can range from the lowest average salary of about 215,100 PKR to the highest average salary of 637,500 PKR.

Average Annual Salary
415,900 PKR
Average Monthly Salary
34,658 PKR

Lowest Annual Salary
215,100 PKR
Lowest Monthly Salary
17,925 PKR

Highest Annual Salary
637,500 PKR
Highest Monthly Salary
53,125 PKR

These are average salaries for a Policy Change Technician in Sargodha 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 Sargodha

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

Salary ranges

We already know that a Policy Change Technician can earn between 215,100 PKR and 637,500 PKR on average in Sargodha. 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 Sargodha is 398,300 PKR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 398,300 PKR, and 50% of the population earn more than 398,300 PKR.

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 Sargodha, 25% of the population are earning less than 275,800 PKR while 75% of the population earn more than 275,800 PKR.

75% of the population earn less than 498,500 PKR, and 25% of the population earn more than 498,500 PKR.

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 Sargodha

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 Sargodha that has less than two years of experience can expect to earn somewhere in the region of 245,300 PKR.
  • 2 - 5 Years Experience. With two to five years of experience the average Policy Change Technician salary would increase to 327,300 PKR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Policy Change Technician, the average salary would be 428,400 PKR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 519,300 PKR.
  • 15 - 20 Years Experience. A Policy Change Technician with 15 to 20 years of experience can earn an average of 565,100 PKR.
  • 20+ Years Experience. For a Policy Change Technician with more than 20 years, the expected average salary increases to 596,100 PKR.

Average Salary by Experience Chart

0-2 Years
245,300 PKR
2-5 Years +34%
327,300 PKR
5-10 Years +30%
428,400 PKR
10-15 Years +21%
519,300 PKR
15-20 Years +9%
565,100 PKR
20+ Years +5%
596,100 PKR

Policy Change Technician Salary by Education Level in Sargodha

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 Sargodha 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 Sargodha with a certificate or diploma education can earn an average salary of 292,000 PKR.

  • Bachelor's Degree. A Policy Change Technician in Sargodha with a bachelor's degree education can earn an average salary of 442,300 PKR.

  • Master's Degree. A Policy Change Technician in Sargodha with a master's degree education can earn an average salary of 628,000 PKR.

Average Salary by Education Chart

Certificate or Diploma
292,000 PKR
Bachelor's Degree +52%
442,300 PKR
Master's Degree +42%
628,000 PKR

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 Pakistan is around 409,000 to 1,230,000 PKR 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 Sargodha, a male policy change technician will earn an average of 489,600 PKR, while a female policy change technician will earn around 419,400 PKR.

This means that a male policy change technician earns approximately 17% more than a female policy change technician for performing the same job.

Average Salary by Gender Chart in Sargodha

Male
489,600 PKR
Female -17%
419,400 PKR

Policy Change Technician Average Pay Raise in Sargodha

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 Sargodha is around 10% every 19 months.

The national average pay raise across all professions and industries in Pakistan is around 8% 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 ÷ 19 ) × 12  = 6%

What this means is that a Policy Change Technician in Sargodha can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Sargodha for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Policy Change Technician Bonus and Incentive Rates in Sargodha

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 moderate bonus based job, with 53% of employees reporting at least one bonus in the last 12 months.

47% 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
53%
No Bonus
47%

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 Pakistan earn approximately 12% more than private sector employees in the same role.

Public Sector
1,023,400 PKR
Private Sector -12%
913,400 PKR

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 Sargodha.

Job Title Category Salary
Actuarial Analyst Insurance 1,235,600 PKR
Actuarial Assistant Insurance 929,700 PKR
Actuarial Specialist Insurance 906,000 PKR
Actuary Insurance 1,259,300 PKR
Adjustment Insurance Clerk Insurance 357,300 PKR
Assistant Broker Insurance 629,800 PKR
Assistant Claims Manager Insurance 1,014,700 PKR
Associate Insurance Representative Insurance 507,300 PKR
Auditing Insurance Manager Insurance 1,369,700 PKR
Broker Insurance 962,900 PKR
Claim Advocacy Professional Insurance 946,000 PKR
Claims Adjuster Insurance 366,200 PKR
Claims Analyst Insurance 492,700 PKR
Claims Examiner Insurance 525,700 PKR
Claims Manager Insurance 1,380,400 PKR
Claims Processor Insurance 352,000 PKR
Claims Representative Insurance 444,300 PKR
Claims Resolution Specialist Insurance 1,084,200 PKR
Claims Supervisor Insurance 995,200 PKR
Complaints Specialist Insurance 885,000 PKR
Compliance Examiner Insurance 890,100 PKR
Compliance Officer Insurance 767,000 PKR
Compliance Reviewer Insurance 938,700 PKR
Consultant Insurance 938,700 PKR
Eligibility Interviewer Insurance 1,080,400 PKR
Eligibility Specialist Insurance 973,800 PKR
Insurance Account Manager Insurance 1,235,600 PKR
Insurance Accounts Executive Insurance 1,064,100 PKR
Insurance Adjuster Insurance 906,500 PKR
Insurance Agent Insurance 558,300 PKR
Insurance Analyst Insurance 917,200 PKR
Insurance Appraiser Insurance 958,700 PKR
Insurance Claims Clerk Insurance 341,400 PKR
Insurance Examiner Insurance 899,900 PKR
Insurance Investigator Insurance 890,100 PKR
Insurance Manager Insurance 1,645,600 PKR
Insurance Operations Manager Insurance 1,678,300 PKR
Insurance Policy Processing Clerk Insurance 376,800 PKR
Insurance Pricing Assistant Insurance 780,700 PKR
Insurance Program Manager Insurance 1,273,300 PKR
Insurance Project Manager Insurance 1,196,300 PKR
Insurance Quality Assurance Agent Insurance 844,100 PKR
Insurance Sales Agent Insurance 581,300 PKR
Insurance Sales Director Insurance 1,606,100 PKR
Insurance Sales Manager Insurance 1,273,300 PKR
Insurance Sales Representative Insurance 489,600 PKR
Insurance Team Leader Insurance 1,003,800 PKR
Insurance Underwriter Insurance 701,400 PKR
Loss Control Specialist Insurance 957,800 PKR
Loss Prevention Investigator Insurance 995,000 PKR
Loss Prevention Manager Insurance 1,345,400 PKR
Loss Prevention Specialist Insurance 1,045,100 PKR
Marine Underwriter Insurance 746,600 PKR
Medical Auditor Insurance 970,200 PKR
Monitoring and Performance Officer Insurance 649,700 PKR
Payment Services Specialist Insurance 958,700 PKR
Policy Change Director Insurance 1,560,800 PKR
Policy Change Supervisor Insurance 1,038,700 PKR
Risk Analyst Insurance 1,065,400 PKR
Risk Management Director Insurance 1,777,700 PKR
Risk Management Supervisor Insurance 1,224,800 PKR
Risk Manager Insurance 1,765,300 PKR
Risk Modeling Manager Insurance 1,870,400 PKR
Title Insurance Typist Insurance 810,200 PKR
Training Manager Insurance 1,099,200 PKR

Salary Comparison by City

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

City Average Salary
Bahawalpur 445,100 PKR
Faisalabad 510,300 PKR
Gujranwala 485,200 PKR
Hyderabad 471,700 PKR
Islamabad 454,900 PKR
Karachi 504,500 PKR
Lahore 533,000 PKR
Multan 447,300 PKR
Peshawar 464,400 PKR
Quetta 459,700 PKR
Rawalpindi 487,600 PKR
Sialkot 394,300 PKR

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  • "Average Policy Change Technician Salary in Sargodha, Pakistan for 2024". World Salaries. Accessed on April 27, 2024. https://worldsalaries.com/average-policy-change-technician-salary-in-sargodha/pakistan/.

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  • Average Policy Change Technician Salary in Sargodha, Pakistan for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-policy-change-technician-salary-in-sargodha/pakistan/.