Average Solar Thermal Technician Salary in Cayman Islands for 2024

In this article, we will look at the average Solar Thermal Technician 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 Solar Thermal Technician Make in Cayman Islands?

A Solar Thermal Technician working in Cayman Islands will typically earn around 23,000 KYD per year, and this can range from the lowest average salary of about 9,500 KYD to the highest average salary of 32,300 KYD.

Average Annual Salary
23,000 KYD
Average Monthly Salary
1,916 KYD

Lowest Annual Salary
9,500 KYD
Lowest Monthly Salary
791 KYD

Highest Annual Salary
32,300 KYD
Highest Monthly Salary
2,691 KYD

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

Solar Thermal 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 Solar Thermal Technician Salaries in Cayman Islands

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

Salary ranges

We already know that a Solar Thermal Technician can earn between 9,500 KYD and 32,300 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 Solar Thermal Technician in Cayman Islands is 23,000 KYD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 23,000 KYD, and 50% of the population earn more than 23,000 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 Solar Thermal Technician salary in Cayman Islands, 25% of the population are earning less than 15,300 KYD while 75% of the population earn more than 15,300 KYD.

75% of the population earn less than 27,300 KYD, and 25% of the population earn more than 27,300 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.

Solar Thermal Technician 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 solar thermal 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 Solar Thermal Technician in Cayman Islands that has less than two years of experience can expect to earn somewhere in the region of 12,800 KYD.
  • 2 - 5 Years Experience. With two to five years of experience the average Solar Thermal Technician salary would increase to 15,300 KYD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Solar Thermal Technician, the average salary would be 22,100 KYD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 27,000 KYD.
  • 15 - 20 Years Experience. A Solar Thermal Technician with 15 to 20 years of experience can earn an average of 28,900 KYD.
  • 20+ Years Experience. For a Solar Thermal Technician with more than 20 years, the expected average salary increases to 30,300 KYD.

Average Salary by Experience Chart

0-2 Years
12,800 KYD
2-5 Years +32%
15,300 KYD
5-10 Years +34%
22,100 KYD
10-15 Years +19%
27,000 KYD
15-20 Years +8%
28,900 KYD
20+ Years +7%
30,300 KYD

Solar Thermal Technician 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.

In our research, we looked at the average salary for a Solar Thermal Technician in Cayman Islands 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 Solar Thermal Technician in Cayman Islands with a high school education can earn an average salary of 15,300 KYD.

  • Certificate or Diploma. A Solar Thermal Technician in Cayman Islands with a certificate or diploma education can earn an average salary of 23,500 KYD.

  • Bachelor's Degree. A Solar Thermal Technician in Cayman Islands with a bachelor's degree education can earn an average salary of 30,800 KYD.

Average Salary by Education Chart

High School
15,300 KYD
Certificate or Diploma +40%
23,500 KYD
Bachelor's Degree +25%
30,800 KYD

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.

Solar Thermal 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 Cayman Islands, a male solar thermal technician will earn an average of 22,300 KYD, while a female solar thermal technician will earn around 21,100 KYD.

This means that a male solar thermal technician earns approximately 6% more than a female solar thermal technician for performing the same job.

Average Salary by Gender Chart in Cayman Islands

Male
22,300 KYD
Female -6%
21,100 KYD

Solar Thermal Technician 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 Solar Thermal Technician in Cayman Islands is around 8% every 26 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 = ( 8 ÷ 26 ) × 12  = 4%

What this means is that a Solar Thermal Technician in Cayman Islands can expect to receive an average pay raise of around 4% 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%

Solar Thermal Technician 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 Solar Thermal Technician is a low bonus based job, with 11% of employees reporting at least one bonus in the last 12 months.

89% 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 3%.

Received Bonus
11%
No Bonus
89%

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 Solar Thermal Technician

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

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 31,700 KYD
Associate Analyst Oil / Gas / Energy / Mining 35,400 KYD
Associate Landman Oil / Gas / Energy / Mining 17,100 KYD
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 14,500 KYD
Biomass Plant Technician Oil / Gas / Energy / Mining 15,700 KYD
Biomass Power Plant Manager Oil / Gas / Energy / Mining 50,000 KYD
Chemical Plant Operator Oil / Gas / Energy / Mining 29,300 KYD
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 36,800 KYD
Completions Engineer Oil / Gas / Energy / Mining 33,300 KYD
Cost Controller Oil / Gas / Energy / Mining 23,700 KYD
Cost Engineer Oil / Gas / Energy / Mining 37,200 KYD
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 35,600 KYD
Dispatcher Oil / Gas / Energy / Mining 14,300 KYD
Distribution Manager Oil / Gas / Energy / Mining 49,300 KYD
Dragline Operator Oil / Gas / Energy / Mining 19,100 KYD
Driller Offsider Oil / Gas / Energy / Mining 12,800 KYD
Dump Truck Driver Oil / Gas / Energy / Mining 15,300 KYD
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 76,800 KYD
Energy Advisor Oil / Gas / Energy / Mining 53,800 KYD
Energy Analyst Oil / Gas / Energy / Mining 50,600 KYD
Energy Auditor Oil / Gas / Energy / Mining 44,900 KYD
Energy Dispatch Director Oil / Gas / Energy / Mining 62,500 KYD
Energy Technical Assistant Oil / Gas / Energy / Mining 20,000 KYD
Energy Technical Manager Oil / Gas / Energy / Mining 42,800 KYD
Energy Technical Support Manager Oil / Gas / Energy / Mining 42,500 KYD
Energy Technical Trainer Oil / Gas / Energy / Mining 29,100 KYD
Engineering Geologist Oil / Gas / Energy / Mining 62,300 KYD
Exploration Manager Oil / Gas / Energy / Mining 63,200 KYD
Field Safety Auditor Oil / Gas / Energy / Mining 41,300 KYD
Fluids Engineer Oil / Gas / Energy / Mining 34,000 KYD
Fuel Cell Engineer Oil / Gas / Energy / Mining 34,900 KYD
Fuel Cell Technician Oil / Gas / Energy / Mining 18,000 KYD
Fuels Handler Oil / Gas / Energy / Mining 16,400 KYD
Gas Compressor Operator Oil / Gas / Energy / Mining 16,800 KYD
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 27,200 KYD
Gas Supply Manager Oil / Gas / Energy / Mining 56,100 KYD
Geologist Oil / Gas / Energy / Mining 62,500 KYD
Geophysicist Oil / Gas / Energy / Mining 63,400 KYD
Geothermal Production Manager Oil / Gas / Energy / Mining 58,200 KYD
Geothermal Technician Oil / Gas / Energy / Mining 23,600 KYD
HSE Engineer Oil / Gas / Energy / Mining 36,000 KYD
HSE Officer Oil / Gas / Energy / Mining 23,800 KYD
HSE Supervisor Oil / Gas / Energy / Mining 23,600 KYD
HSEQ Administrator Oil / Gas / Energy / Mining 27,600 KYD
Inspector Oil / Gas / Energy / Mining 30,200 KYD
Instructor Oil / Gas / Energy / Mining 27,700 KYD
Instrument Designer Oil / Gas / Energy / Mining 26,200 KYD
Lead Technical Field Advisor Oil / Gas / Energy / Mining 46,700 KYD
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 30,200 KYD
Maintenance Engineer Oil / Gas / Energy / Mining 35,600 KYD
Maintenance Superintendent Oil / Gas / Energy / Mining 32,200 KYD
Material Controller Oil / Gas / Energy / Mining 25,300 KYD
Mine Engineer Oil / Gas / Energy / Mining 34,000 KYD
Mine Surveyor Oil / Gas / Energy / Mining 38,900 KYD
Mining Project Administrator Oil / Gas / Energy / Mining 31,400 KYD
Mining Project Assistant Oil / Gas / Energy / Mining 23,600 KYD
Mining Project Controls Consultant Oil / Gas / Energy / Mining 39,800 KYD
Mining Project Coordinator Oil / Gas / Energy / Mining 31,400 KYD
Mining Project Engineer Oil / Gas / Energy / Mining 35,500 KYD
Mining Project Manager Oil / Gas / Energy / Mining 44,900 KYD
Mining Site Manager Oil / Gas / Energy / Mining 49,400 KYD
Mining Team Leader Oil / Gas / Energy / Mining 35,200 KYD
NDT Technician Oil / Gas / Energy / Mining 20,000 KYD
Oil Service Unit Operator Oil / Gas / Energy / Mining 19,200 KYD
Oil Trader Oil / Gas / Energy / Mining 45,600 KYD
Oilwell Pumper Oil / Gas / Energy / Mining 12,400 KYD
Petroleum Engineer Oil / Gas / Energy / Mining 39,600 KYD
Petroleum Geologist Oil / Gas / Energy / Mining 63,700 KYD
Petroleum Pump System Operator Oil / Gas / Energy / Mining 20,000 KYD
Petroleum Technician Oil / Gas / Energy / Mining 20,000 KYD
Pipeline Technician Oil / Gas / Energy / Mining 12,400 KYD
Power Coordinator Oil / Gas / Energy / Mining 23,000 KYD
Power Plant Operations Manager Oil / Gas / Energy / Mining 65,900 KYD
Power Plant Operator Oil / Gas / Energy / Mining 29,300 KYD
Radio Operator Oil / Gas / Energy / Mining 13,100 KYD
Reliability Engineer Oil / Gas / Energy / Mining 37,200 KYD
Reservoir Engineer Oil / Gas / Energy / Mining 31,700 KYD
Risk Analyst Oil / Gas / Energy / Mining 44,500 KYD
Roughneck Oil / Gas / Energy / Mining 33,000 KYD
Scaffolder Oil / Gas / Energy / Mining 23,100 KYD
Shutdown Engineer Oil / Gas / Energy / Mining 29,100 KYD
Solar Energy Installation Manager Oil / Gas / Energy / Mining 55,600 KYD
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 35,300 KYD
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 23,100 KYD
Supply Operations Manager Oil / Gas / Energy / Mining 58,600 KYD
Sustainability Specialist Oil / Gas / Energy / Mining 58,500 KYD
System Development Advisor Oil / Gas / Energy / Mining 42,700 KYD
Tanker Truck Driver Oil / Gas / Energy / Mining 15,300 KYD
Utility Operator Oil / Gas / Energy / Mining 20,200 KYD
Wind Energy Project Manager Oil / Gas / Energy / Mining 49,700 KYD

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