Average Shift Encapsulator Salary in Cayman Islands for 2024

In this article, we will look at the average Shift Encapsulator salary for 2024 in Cayman Islands 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 Cayman Islands dollar. To keep things simple, we are using the KYD currency code instead of the currency symbol $.

How Much Does a Shift Encapsulator Make in Cayman Islands?

A Shift Encapsulator working in Cayman Islands will typically earn around 32,900 KYD per year, and this can range from the lowest average salary of about 13,300 KYD to the highest average salary of 48,500 KYD.

Average Annual Salary
32,900 KYD
Average Monthly Salary
2,741 KYD

Lowest Annual Salary
13,300 KYD
Lowest Monthly Salary
1,108 KYD

Highest Annual Salary
48,500 KYD
Highest Monthly Salary
4,041 KYD

These are average salaries for a Shift Encapsulator in Cayman Islands and include benefits such as housing and transport. It's also possible for a Shift Encapsulator to earn more or less than the average salaries shown above.

Shift Encapsulator 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 Shift Encapsulator Salaries in Cayman Islands

So we've looked at the average salaries a Shift Encapsulator will earn in Cayman Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Shift Encapsulator can earn between 13,300 KYD and 48,500 KYD on average in Cayman Islands. 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 Shift Encapsulator in Cayman Islands is 30,700 KYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 30,700 KYD, and 50% of the population earn more than 30,700 KYD.

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 Shift Encapsulator salary in Cayman Islands, 25% of the population are earning less than 20,000 KYD while 75% of the population earn more than 20,000 KYD.

75% of the population earn less than 42,700 KYD, and 25% of the population earn more than 42,700 KYD.

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.

Shift Encapsulator Salary by Experience Level in Cayman Islands

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 shift encapsulator 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 Shift Encapsulator in Cayman Islands that has less than two years of experience can expect to earn somewhere in the region of 19,100 KYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Shift Encapsulator salary would increase to 26,400 KYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Shift Encapsulator, the average salary would be 32,900 KYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 41,300 KYD.
  • 15 - 20 Years Experience. A Shift Encapsulator with 15 to 20 years of experience can earn an average of 44,300 KYD.
  • 20+ Years Experience. For a Shift Encapsulator with more than 20 years, the expected average salary increases to 48,600 KYD.

Average Salary by Experience Chart

0-2 Years
19,100 KYD
2-5 Years +42%
26,400 KYD
5-10 Years +31%
32,900 KYD
10-15 Years +23%
41,300 KYD
15-20 Years +6%
44,300 KYD
20+ Years +10%
48,600 KYD

Shift Encapsulator Salary by Education Level in Cayman Islands

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.

The data we have below is combined across all professions. To view the most accurate data possible, you can select a specific job from the list below.

Employees that have earned a certificate or diploma from a post-secondary program can expect to earn approximately 17% more than those who only completed high school level.

If you have a bachelor's degree, you can expect to earn approximately 25% more than those who only completed to a certificate or diploma level.

For professionals reaching the master's degree level, your salary would be around 30% higher than those with a bachelor's degree.

If you are able to achieve a PhD, you can expect to earn approximately 22% more than those with a master's degree for the same job role.

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 Cayman Islands is around 16,200 to 48,600 KYD 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.

Shift Encapsulator 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 Cayman Islands, a male shift encapsulator will earn an average of 32,200 KYD, while a female shift encapsulator will earn around 30,800 KYD.

This means that a male shift encapsulator earns approximately 5% more than a female shift encapsulator for performing the same job.

Average Salary by Gender Chart in Cayman Islands

Male
32,200 KYD
Female -5%
30,800 KYD

Shift Encapsulator Average Pay Raise in Cayman Islands

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 Shift Encapsulator in Cayman Islands is around 7% every 28 months.

The national average pay raise across all professions and industries in Cayman Islands 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 Shift Encapsulator in Cayman Islands can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Cayman Islands for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Shift Encapsulator Bonus and Incentive Rates in Cayman Islands

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 Shift Encapsulator is a low bonus based job, with 14% of employees reporting at least one bonus in the last 12 months.

86% 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 0% to 4%.

Received Bonus
14%
No Bonus
86%

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 Cayman Islands earn approximately 17% more than private sector employees in the same role.

Public Sector
43,500 KYD
Private Sector -17%
37,200 KYD

Salaries for Jobs Similar to a Shift Encapsulator

In the table below, we have salary information for jobs that are similar to a Shift Encapsulator in Cayman Islands.

Job Title Category Salary
Assistant Pharmacist Pharmaceutical and Biotechnology 31,700 KYD
Assistant Pharmacy Director Pharmaceutical and Biotechnology 59,800 KYD
Associate Medical Affairs Director Pharmaceutical and Biotechnology 85,500 KYD
Bioinformatics Scientist Pharmaceutical and Biotechnology 75,100 KYD
Bioinformatics Technician Pharmaceutical and Biotechnology 32,600 KYD
Biological Scientist Pharmaceutical and Biotechnology 79,500 KYD
Biological Technician Pharmaceutical and Biotechnology 34,900 KYD
Biomedical Engineer Pharmaceutical and Biotechnology 35,300 KYD
Biomedical Engineering Director Pharmaceutical and Biotechnology 63,700 KYD
Biostatistician Pharmaceutical and Biotechnology 51,900 KYD
Biotechnologist Pharmaceutical and Biotechnology 50,600 KYD
Biotechnology Lead Data Manager Pharmaceutical and Biotechnology 39,500 KYD
Chemical Process Technician Pharmaceutical and Biotechnology 33,000 KYD
Clinical Consultant Pharmaceutical and Biotechnology 51,300 KYD
Clinical Data Manager Pharmaceutical and Biotechnology 47,400 KYD
Clinical Data Specialist Pharmaceutical and Biotechnology 44,500 KYD
Clinical Informatics Specialist Pharmaceutical and Biotechnology 41,300 KYD
Clinical Operations Manager Pharmaceutical and Biotechnology 72,400 KYD
Clinical Pharmacist Pharmaceutical and Biotechnology 49,700 KYD
Clinical Pharmacy Specialist Pharmaceutical and Biotechnology 63,100 KYD
Clinical Programmer Pharmaceutical and Biotechnology 23,600 KYD
Clinical Project Manager Pharmaceutical and Biotechnology 44,500 KYD
Clinical Research Associate Pharmaceutical and Biotechnology 43,500 KYD
Clinical Research Manager Pharmaceutical and Biotechnology 72,400 KYD
Clinical Study Manager Pharmaceutical and Biotechnology 59,900 KYD
Compliance Specialist Pharmaceutical and Biotechnology 53,300 KYD
Cytology Laboratory Technologist Pharmaceutical and Biotechnology 39,500 KYD
Cytotechnologist Pharmaceutical and Biotechnology 42,700 KYD
GCP Auditor Pharmaceutical and Biotechnology 42,800 KYD
Hospital Pharmacy Technician Pharmaceutical and Biotechnology 37,800 KYD
Manufacturing Engineer Pharmaceutical and Biotechnology 40,600 KYD
Medical Affairs Director Pharmaceutical and Biotechnology 75,500 KYD
Medical Representative Pharmaceutical and Biotechnology 33,800 KYD
Medical Science Liaison Pharmaceutical and Biotechnology 54,900 KYD
Molecular and Cellular Biologist Pharmaceutical and Biotechnology 80,500 KYD
Nuclear Pharmacist Pharmaceutical and Biotechnology 54,100 KYD
Pharmaceutical Manager Pharmaceutical and Biotechnology 87,900 KYD
Pharmaceutical Manufacturing Lead Pharmaceutical and Biotechnology 97,600 KYD
Pharmaceutical Operations Excellence Manager Pharmaceutical and Biotechnology 79,500 KYD
Pharmaceutical Process Engineer Pharmaceutical and Biotechnology 46,000 KYD
Pharmaceutical Production Assistant Manager Pharmaceutical and Biotechnology 53,800 KYD
Pharmaceutical Project Manager Pharmaceutical and Biotechnology 53,300 KYD
Pharmaceutical Quality Auditor Pharmaceutical and Biotechnology 55,200 KYD
Pharmaceutical Regulatory Affairs Assistant Pharmaceutical and Biotechnology 43,200 KYD
Pharmaceutical Regulatory Affairs Manager Pharmaceutical and Biotechnology 55,200 KYD
Pharmaceutical Regulatory Affairs Specialist Pharmaceutical and Biotechnology 42,800 KYD
Pharmaceutical Representative Pharmaceutical and Biotechnology 33,800 KYD
Pharmaceutical Research Associate Pharmaceutical and Biotechnology 50,600 KYD
Pharmaceutical Research Scientist Pharmaceutical and Biotechnology 78,500 KYD
Pharmaceutical Researcher Pharmaceutical and Biotechnology 77,000 KYD
Pharmaceutical Sales and Marketing Manager Pharmaceutical and Biotechnology 58,200 KYD
Pharmaceutical Sales Manager Pharmaceutical and Biotechnology 77,000 KYD
Pharmaceutical Sales Representative Pharmaceutical and Biotechnology 32,200 KYD
Pharmaceutical Supply Chain Manager Pharmaceutical and Biotechnology 81,000 KYD
Pharmaceutical Team Leader Pharmaceutical and Biotechnology 51,800 KYD
Pharmaceutical Technologist Pharmaceutical and Biotechnology 36,800 KYD
Pharmacist Pharmaceutical and Biotechnology 46,700 KYD
Pharmacy Aide Pharmaceutical and Biotechnology 30,600 KYD
Pharmacy Manager Pharmaceutical and Biotechnology 72,400 KYD
Pharmacy Stock Controller Pharmaceutical and Biotechnology 26,400 KYD
Pharmacy Technician Pharmaceutical and Biotechnology 27,700 KYD
Records Management Coordinator Pharmaceutical and Biotechnology 26,100 KYD
Staff Pharmacist Pharmaceutical and Biotechnology 50,700 KYD

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