Average Storage Manager Salary in Suriname for 2024

In this article, we will look at the average Storage Manager salary for 2024 in Suriname 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 Surinamese dollar. To keep things simple, we are using the SRD currency code instead of the currency symbol $.

How Much Does a Storage Manager Make in Suriname?

A Storage Manager working in Suriname will typically earn around 67,800 SRD per year, and this can range from the lowest average salary of about 34,120 SRD to the highest average salary of 106,360 SRD.

Average Annual Salary
67,800 SRD
Average Monthly Salary
5,650 SRD

Lowest Annual Salary
34,120 SRD
Lowest Monthly Salary
2,843 SRD

Highest Annual Salary
106,360 SRD
Highest Monthly Salary
8,863 SRD

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

Storage Manager 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 Storage Manager Salaries in Suriname

So we've looked at the average salaries a Storage Manager will earn in Suriname. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Storage Manager can earn between 34,120 SRD and 106,360 SRD on average in Suriname. 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 Storage Manager in Suriname is 68,360 SRD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 68,360 SRD, and 50% of the population earn more than 68,360 SRD.

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 Storage Manager salary in Suriname, 25% of the population are earning less than 46,980 SRD while 75% of the population earn more than 46,980 SRD.

75% of the population earn less than 86,520 SRD, and 25% of the population earn more than 86,520 SRD.

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.

Storage Manager Salary by Experience Level in Suriname

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 storage manager 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 Storage Manager in Suriname that has less than two years of experience can expect to earn somewhere in the region of 38,620 SRD.
  • 2 - 5 Years Experience. With two to five years of experience the average Storage Manager salary would increase to 50,560 SRD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Storage Manager, the average salary would be 73,820 SRD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 88,260 SRD.
  • 15 - 20 Years Experience. A Storage Manager with 15 to 20 years of experience can earn an average of 96,220 SRD.
  • 20+ Years Experience. For a Storage Manager with more than 20 years, the expected average salary increases to 104,080 SRD.

Average Salary by Experience Chart

0-2 Years
38,620 SRD
2-5 Years +31%
50,560 SRD
5-10 Years +40%
73,820 SRD
10-15 Years +20%
88,260 SRD
15-20 Years +9%
96,220 SRD
20+ Years +8%
104,080 SRD

Storage Manager Salary by Education Level in Suriname

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 Storage Manager in Suriname 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 Storage Manager in Suriname with a high school education can earn an average salary of 46,040 SRD.

  • Certificate or Diploma. A Storage Manager in Suriname with a certificate or diploma education can earn an average salary of 55,940 SRD.

  • Bachelor's Degree. A Storage Manager in Suriname with a bachelor's degree education can earn an average salary of 78,940 SRD.

  • Master's Degree. A Storage Manager in Suriname with a master's degree education can earn an average salary of 98,540 SRD.

Average Salary by Education Chart

High School
46,040 SRD
Certificate or Diploma +15%
55,940 SRD
Bachelor's Degree +41%
78,940 SRD
Master's Degree +29%
98,540 SRD

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 Suriname is around 25,700 to 77,100 SRD 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.

Storage Manager 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 Suriname, a male storage manager will earn an average of 71,280 SRD, while a female storage manager will earn around 68,060 SRD.

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

Average Salary by Gender Chart in Suriname

Male
71,280 SRD
Female -5%
68,060 SRD

Storage Manager Average Pay Raise in Suriname

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 Storage Manager in Suriname is around 7% every 30 months.

The national average pay raise across all professions and industries in Suriname 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 ÷ 30 ) × 12  = 3%

What this means is that a Storage Manager in Suriname can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Suriname for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Storage Manager Bonus and Incentive Rates in Suriname

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 Storage Manager is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% 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 3% to 6%.

Received Bonus
37%
No Bonus
63%

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 Suriname earn approximately 20% more than private sector employees in the same role.

Public Sector
67,900 SRD
Private Sector -20%
56,460 SRD

Salaries for Jobs Similar to a Storage Manager

In the table below, we have salary information for jobs that are similar to a Storage Manager in Suriname.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 58,240 SRD
Asset Protection Associate Purchasing and Inventory 52,300 SRD
Asset Protection Specialist Purchasing and Inventory 56,460 SRD
Assistant Buyer Purchasing and Inventory 50,240 SRD
Buyer Purchasing and Inventory 90,900 SRD
Capacity Planner Purchasing and Inventory 64,200 SRD
Category Leader Purchasing and Inventory 55,820 SRD
Category Management Specialist Purchasing and Inventory 57,440 SRD
Category Manager Purchasing and Inventory 68,360 SRD
Channel Services Representative Purchasing and Inventory 57,820 SRD
Contracts Manager Purchasing and Inventory 69,240 SRD
Contracts Specialist Purchasing and Inventory 56,060 SRD
Demand Planner Purchasing and Inventory 66,000 SRD
Demand Planning Manager Purchasing and Inventory 73,980 SRD
Distribution Assistant Purchasing and Inventory 49,020 SRD
Distribution Associate Purchasing and Inventory 51,400 SRD
Distribution Manager Purchasing and Inventory 106,160 SRD
Inventory Analyst Purchasing and Inventory 56,460 SRD
Inventory Control Clerk Purchasing and Inventory 27,560 SRD
Inventory Control Manager Purchasing and Inventory 72,740 SRD
Inventory Management Associate Purchasing and Inventory 60,340 SRD
Inventory Specialist Purchasing and Inventory 55,840 SRD
Logistics Engineer Purchasing and Inventory 54,140 SRD
Master Planner Purchasing and Inventory 58,440 SRD
Material Handler Purchasing and Inventory 31,520 SRD
Material Planning Specialist Purchasing and Inventory 45,260 SRD
Merchandise Manager Purchasing and Inventory 64,040 SRD
Procurement Administrator Purchasing and Inventory 64,200 SRD
Procurement Agent Purchasing and Inventory 45,200 SRD
Procurement Analyst Purchasing and Inventory 72,540 SRD
Procurement Assistant Purchasing and Inventory 43,340 SRD
Procurement Associate Purchasing and Inventory 61,180 SRD
Procurement Clerk Purchasing and Inventory 26,780 SRD
Procurement Engineer Purchasing and Inventory 55,580 SRD
Procurement Manager Purchasing and Inventory 115,400 SRD
Procurement Officer Purchasing and Inventory 29,540 SRD
Procurement Process Analyst Purchasing and Inventory 66,840 SRD
Procurement Specialist Purchasing and Inventory 52,180 SRD
Production Planner Purchasing and Inventory 65,940 SRD
Project Buyer Purchasing and Inventory 77,060 SRD
Purchaser Purchasing and Inventory 87,020 SRD
Purchasing Agent Purchasing and Inventory 48,740 SRD
Purchasing Assistant Purchasing and Inventory 29,640 SRD
Purchasing Manager Purchasing and Inventory 113,280 SRD
Purchasing Officer Purchasing and Inventory 50,240 SRD
Purchasing Supervisor Purchasing and Inventory 75,260 SRD
Shipping and Receiving Clerk Purchasing and Inventory 25,440 SRD
Shipping Coordinator Purchasing and Inventory 56,140 SRD
Stock Clerk Purchasing and Inventory 30,220 SRD
Stock Regulator Purchasing and Inventory 33,960 SRD
Store Keeper Purchasing and Inventory 27,480 SRD
Stores and Logistics Coordinator Purchasing and Inventory 61,180 SRD
Supply Chain Analyst Purchasing and Inventory 80,800 SRD
Supply Chain Coordinator Purchasing and Inventory 58,240 SRD
Supply Chain Development Manager Purchasing and Inventory 103,140 SRD
Supply Chain Director Purchasing and Inventory 119,500 SRD
Supply Chain Manager Purchasing and Inventory 116,540 SRD
Supply Planner Purchasing and Inventory 57,080 SRD
Warehouse Assistant Purchasing and Inventory 21,980 SRD
Warehouse Clerk Purchasing and Inventory 23,480 SRD
Warehouse Executive Purchasing and Inventory 93,600 SRD
Warehouse Lead Purchasing and Inventory 62,460 SRD
Warehouse Manager Purchasing and Inventory 96,600 SRD
Warehouse Supervisor Purchasing and Inventory 73,880 SRD
Wholesale Buyer Purchasing and Inventory 87,060 SRD

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