Average Stock Controller Salary in Solomon Islands for 2024

In this article, we will look at the average Stock Controller salary for 2024 in Solomon 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 Solomon Islands dollar. To keep things simple, we are using the SBD currency code instead of the currency symbol $.

How Much Does a Stock Controller Make in Solomon Islands?

A Stock Controller working in Solomon Islands will typically earn around 35,560 SBD per year, and this can range from the lowest average salary of about 17,760 SBD to the highest average salary of 52,540 SBD.

Average Annual Salary
35,560 SBD
Average Monthly Salary
2,963 SBD

Lowest Annual Salary
17,760 SBD
Lowest Monthly Salary
1,480 SBD

Highest Annual Salary
52,540 SBD
Highest Monthly Salary
4,378 SBD

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

Stock Controller 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 Stock Controller Salaries in Solomon Islands

So we've looked at the average salaries a Stock Controller will earn in Solomon Islands. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Stock Controller can earn between 17,760 SBD and 52,540 SBD on average in Solomon 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 Stock Controller in Solomon Islands is 29,600 SBD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 29,600 SBD, and 50% of the population earn more than 29,600 SBD.

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 Stock Controller salary in Solomon Islands, 25% of the population are earning less than 22,420 SBD while 75% of the population earn more than 22,420 SBD.

75% of the population earn less than 36,020 SBD, and 25% of the population earn more than 36,020 SBD.

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.

Stock Controller Salary by Experience Level in Solomon 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 stock controller 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 Stock Controller in Solomon Islands that has less than two years of experience can expect to earn somewhere in the region of 21,640 SBD.
  • 2 - 5 Years Experience. With two to five years of experience the average Stock Controller salary would increase to 26,780 SBD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Stock Controller, the average salary would be 37,200 SBD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 40,640 SBD.
  • 15 - 20 Years Experience. A Stock Controller with 15 to 20 years of experience can earn an average of 47,180 SBD.
  • 20+ Years Experience. For a Stock Controller with more than 20 years, the expected average salary increases to 50,580 SBD.

Average Salary by Experience Chart

0-2 Years
21,640 SBD
2-5 Years +26%
26,780 SBD
5-10 Years +32%
37,200 SBD
10-15 Years +18%
40,640 SBD
15-20 Years +11%
47,180 SBD
20+ Years +6%
50,580 SBD

Stock Controller Salary by Education Level in Solomon 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 Stock Controller in Solomon 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 Stock Controller in Solomon Islands with a high school education can earn an average salary of 26,780 SBD.

  • Certificate or Diploma. A Stock Controller in Solomon Islands with a certificate or diploma education can earn an average salary of 36,020 SBD.

  • Bachelor's Degree. A Stock Controller in Solomon Islands with a bachelor's degree education can earn an average salary of 45,580 SBD.

Average Salary by Education Chart

High School
26,780 SBD
Certificate or Diploma +37%
36,020 SBD
Bachelor's Degree +29%
45,580 SBD

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 Solomon Islands is around 31,700 to 95,200 SBD 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.

Stock Controller 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 Solomon Islands, a male stock controller will earn an average of 36,940 SBD, while a female stock controller will earn around 30,700 SBD.

This means that a male stock controller earns approximately 20% more than a female stock controller for performing the same job.

Average Salary by Gender Chart in Solomon Islands

Male
36,940 SBD
Female -20%
30,700 SBD

Stock Controller Average Pay Raise in Solomon 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 Stock Controller in Solomon Islands is around 5% every 29 months.

The national average pay raise across all professions and industries in Solomon Islands 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 ÷ 29 ) × 12  = 2%

What this means is that a Stock Controller in Solomon Islands can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Solomon Islands for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Stock Controller Bonus and Incentive Rates in Solomon 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 Stock Controller is a low bonus based job, with 7% of employees reporting at least one bonus in the last 12 months.

93% 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 2%.

Received Bonus
7%
No Bonus
93%

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 Solomon Islands earn approximately 9% more than private sector employees in the same role.

Public Sector
78,400 SBD
Private Sector -9%
72,120 SBD

Salaries for Jobs Similar to a Stock Controller

In the table below, we have salary information for jobs that are similar to a Stock Controller in Solomon Islands.

Job Title Category Salary
After Sales Automotive Manager Automotive 72,420 SBD
Alignment Technician Automotive 27,040 SBD
Auto Damage Adjuster Automotive 29,640 SBD
Auto Detailer Automotive 29,540 SBD
Auto Parts Manager Automotive 96,340 SBD
Automotive Assembler Automotive 26,280 SBD
Automotive Assembly Manager Automotive 85,020 SBD
Automotive Assembly Operator Automotive 26,280 SBD
Automotive Body Repairer Automotive 26,780 SBD
Automotive Branch Manager Automotive 115,080 SBD
Automotive Central Planner Automotive 40,420 SBD
Automotive Electrician Automotive 35,560 SBD
Automotive Engineering Technician Automotive 40,240 SBD
Automotive Estimating Manager Automotive 71,400 SBD
Automotive Estimator Automotive 61,400 SBD
Automotive General Manager Automotive 142,300 SBD
Automotive Inventory Officer Automotive 24,720 SBD
Automotive Manager Automotive 125,100 SBD
Automotive Master Mechanic Automotive 42,400 SBD
Automotive Parts Supplier Automotive 43,260 SBD
Automotive Project Engineer Automotive 49,700 SBD
Automotive Project Manager Automotive 93,120 SBD
Automotive Purchase Manager Automotive 103,900 SBD
Automotive Sales Automotive 58,200 SBD
Automotive Service Technician Automotive 28,660 SBD
Automotive Technician Automotive 25,440 SBD
Automotive Technician Automotive 28,660 SBD
Automotive Test Engineer Automotive 44,780 SBD
Automotive Warranty Administrator Automotive 48,340 SBD
Automotive Warranty Clerk Automotive 31,660 SBD
Car Parts and Accessories Fitter Automotive 24,720 SBD
Car Salesman Automotive 56,100 SBD
Damage Appraiser Automotive 39,800 SBD
Diesel Engine Specialist Automotive 36,800 SBD
Job Card Opener Automotive 23,260 SBD
Lube Technician Automotive 20,760 SBD
Master File Maintenance Automotive 35,340 SBD
Materials Planner Automotive 42,040 SBD
Mechanic Automotive 26,280 SBD
Motor Vehicle Inspector Automotive 42,320 SBD
Motorcycle Mechanic Automotive 28,860 SBD
Service Advisor Automotive 51,400 SBD
Service Manager Automotive 82,520 SBD
Technical Advisor Automotive 50,620 SBD
Tire Retreader Automotive 27,380 SBD
Used Car Manager Automotive 73,980 SBD
Vehicle Body Maker Automotive 34,960 SBD
Vehicle Examiner Automotive 38,260 SBD
Vehicle Painter Automotive 23,500 SBD
Vehicle Trimmer Automotive 25,160 SBD
Welder Automotive 23,500 SBD

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