Average Security Systems Installer Salary in Palau for 2024

In this article, we will look at the average Security Systems Installer salary for 2024 in Palau 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Security Systems Installer Make in Palau?

A Security Systems Installer working in Palau will typically earn around 26,080 USD per year, and this can range from the lowest average salary of about 11,880 USD to the highest average salary of 41,700 USD.

Average Annual Salary
26,080 USD
Average Monthly Salary
2,173 USD

Lowest Annual Salary
11,880 USD
Lowest Monthly Salary
990 USD

Highest Annual Salary
41,700 USD
Highest Monthly Salary
3,475 USD

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

Security Systems Installer 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 Security Systems Installer Salaries in Palau

So we've looked at the average salaries a Security Systems Installer will earn in Palau. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Security Systems Installer can earn between 11,880 USD and 41,700 USD on average in Palau. 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 Security Systems Installer in Palau is 23,700 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 23,700 USD, and 50% of the population earn more than 23,700 USD.

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 Security Systems Installer salary in Palau, 25% of the population are earning less than 15,920 USD while 75% of the population earn more than 15,920 USD.

75% of the population earn less than 31,340 USD, and 25% of the population earn more than 31,340 USD.

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.

Security Systems Installer Salary by Experience Level in Palau

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 security systems installer 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 Security Systems Installer in Palau that has less than two years of experience can expect to earn somewhere in the region of 15,580 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Security Systems Installer salary would increase to 21,380 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Security Systems Installer, the average salary would be 26,500 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 33,960 USD.
  • 15 - 20 Years Experience. A Security Systems Installer with 15 to 20 years of experience can earn an average of 36,160 USD.
  • 20+ Years Experience. For a Security Systems Installer with more than 20 years, the expected average salary increases to 37,380 USD.

Average Salary by Experience Chart

0-2 Years
15,580 USD
2-5 Years +34%
21,380 USD
5-10 Years +30%
26,500 USD
10-15 Years +21%
33,960 USD
15-20 Years +9%
36,160 USD
20+ Years +5%
37,380 USD

Security Systems Installer Salary by Education Level in Palau

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 Security Systems Installer in Palau 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 Security Systems Installer in Palau with a certificate or diploma education can earn an average salary of 16,980 USD.

  • Bachelor's Degree. A Security Systems Installer in Palau with a bachelor's degree education can earn an average salary of 28,660 USD.

  • Master's Degree. A Security Systems Installer in Palau with a master's degree education can earn an average salary of 38,700 USD.

Average Salary by Education Chart

Certificate or Diploma
16,980 USD
Bachelor's Degree +52%
28,660 USD
Master's Degree +42%
38,700 USD

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 Palau is around 13,600 to 40,900 USD 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.

Security Systems Installer 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 Palau, a male security systems installer will earn an average of 28,660 USD, while a female security systems installer will earn around 23,700 USD.

This means that a male security systems installer earns approximately 21% more than a female security systems installer for performing the same job.

Average Salary by Gender Chart in Palau

Male
28,660 USD
Female -21%
23,700 USD

Security Systems Installer Average Pay Raise in Palau

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 Security Systems Installer in Palau is around 5% every 31 months.

The national average pay raise across all professions and industries in Palau 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 = ( 5 ÷ 31 ) × 12  = 2%

What this means is that a Security Systems Installer in Palau can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Palau for 2024

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

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%

Security Systems Installer Bonus and Incentive Rates in Palau

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 Security Systems Installer is a low bonus based job, with 10% of employees reporting at least one bonus in the last 12 months.

90% 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 1% to 3%.

Received Bonus
10%
No Bonus
90%

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 Palau earn approximately 19% more than private sector employees in the same role.

Public Sector
37,200 USD
Private Sector -19%
31,380 USD

Salaries for Jobs Similar to a Security Systems Installer

In the table below, we have salary information for jobs that are similar to a Security Systems Installer in Palau.

Job Title Category Salary
Accreditation Coordinator Law Enforcement / Security / Fire 26,780 USD
Accreditation Manager Law Enforcement / Security / Fire 36,020 USD
Advocate Law Enforcement / Security / Fire 25,680 USD
Armed Security Officer Law Enforcement / Security / Fire 22,340 USD
Company Guard Law Enforcement / Security / Fire 9,940 USD
Control Room Operator Law Enforcement / Security / Fire 11,300 USD
Correctional Officer Law Enforcement / Security / Fire 20,300 USD
Criminal Investigator Law Enforcement / Security / Fire 35,260 USD
Facility Monitor Law Enforcement / Security / Fire 19,860 USD
Fire Chief Law Enforcement / Security / Fire 37,740 USD
Fire Dispatcher Law Enforcement / Security / Fire 17,560 USD
Fire Education Specialist Law Enforcement / Security / Fire 29,840 USD
Fire Extinguisher Technician Law Enforcement / Security / Fire 12,020 USD
Fire Fighter Law Enforcement / Security / Fire 20,120 USD
Fire Inspector Law Enforcement / Security / Fire 31,520 USD
Fire Investigator Law Enforcement / Security / Fire 32,620 USD
Fire Prevention Engineer Law Enforcement / Security / Fire 29,320 USD
Fire Prevention Officer Law Enforcement / Security / Fire 23,140 USD
Fire Protection Specialist Law Enforcement / Security / Fire 29,540 USD
Forensic Investigator Law Enforcement / Security / Fire 30,700 USD
Forensic Science Technician Law Enforcement / Security / Fire 34,240 USD
Fraud and Forensic Specialist Law Enforcement / Security / Fire 38,180 USD
Fraud Examiner Law Enforcement / Security / Fire 37,740 USD
Grants Specialist Law Enforcement / Security / Fire 40,040 USD
Intellectual Property Associate Law Enforcement / Security / Fire 32,020 USD
Intelligence Research Specialist Law Enforcement / Security / Fire 47,720 USD
Investigator Law Enforcement / Security / Fire 33,980 USD
Jail Officer Law Enforcement / Security / Fire 13,560 USD
Juvenile Probation Officer Law Enforcement / Security / Fire 22,400 USD
Juvenile Supervision Officer Law Enforcement / Security / Fire 22,660 USD
Lock-Smith Law Enforcement / Security / Fire 9,980 USD
Parole Officer Law Enforcement / Security / Fire 15,920 USD
Police Captain Law Enforcement / Security / Fire 39,560 USD
Police Communications Officer Law Enforcement / Security / Fire 25,680 USD
Police Officer Law Enforcement / Security / Fire 18,940 USD
Police Patrol Officer Law Enforcement / Security / Fire 15,300 USD
Prison Officer Law Enforcement / Security / Fire 13,100 USD
Prisoner Custody Officer Law Enforcement / Security / Fire 13,540 USD
Private Detective / Investigator Law Enforcement / Security / Fire 35,500 USD
Security Adviser Law Enforcement / Security / Fire 32,420 USD
Security Guard Law Enforcement / Security / Fire 8,560 USD
Security Management Specialist Law Enforcement / Security / Fire 49,560 USD
Security Manager Law Enforcement / Security / Fire 50,080 USD
Security Officer Law Enforcement / Security / Fire 10,080 USD
Security Supervisor Law Enforcement / Security / Fire 27,620 USD
Security Technician Law Enforcement / Security / Fire 12,520 USD
Surveillance Operator Law Enforcement / Security / Fire 11,360 USD
Traffic Controller Law Enforcement / Security / Fire 20,500 USD

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