Average Structural Welder Salary in Grenada for 2024

In this article, we will look at the average Structural Welder salary for 2024 in Grenada 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 Eastern Caribbean dollar. To keep things simple, we are using the XCD currency code instead of the currency symbol $.

How Much Does a Structural Welder Make in Grenada?

A Structural Welder working in Grenada will typically earn around 19,200 XCD per year, and this can range from the lowest average salary of about 7,240 XCD to the highest average salary of 28,720 XCD.

Average Annual Salary
19,200 XCD
Average Monthly Salary
1,600 XCD

Lowest Annual Salary
7,240 XCD
Lowest Monthly Salary
603 XCD

Highest Annual Salary
28,720 XCD
Highest Monthly Salary
2,393 XCD

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

Structural Welder 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 Structural Welder Salaries in Grenada

So we've looked at the average salaries a Structural Welder will earn in Grenada. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Structural Welder can earn between 7,240 XCD and 28,720 XCD on average in Grenada. 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 Structural Welder in Grenada is 20,120 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 20,120 XCD, and 50% of the population earn more than 20,120 XCD.

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 Structural Welder salary in Grenada, 25% of the population are earning less than 13,060 XCD while 75% of the population earn more than 13,060 XCD.

75% of the population earn less than 23,080 XCD, and 25% of the population earn more than 23,080 XCD.

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.

Structural Welder Salary by Experience Level in Grenada

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 structural welder 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 Structural Welder in Grenada that has less than two years of experience can expect to earn somewhere in the region of 9,980 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Structural Welder salary would increase to 14,200 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Structural Welder, the average salary would be 17,740 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 22,660 XCD.
  • 15 - 20 Years Experience. A Structural Welder with 15 to 20 years of experience can earn an average of 26,020 XCD.
  • 20+ Years Experience. For a Structural Welder with more than 20 years, the expected average salary increases to 26,500 XCD.

Average Salary by Experience Chart

0-2 Years
9,980 XCD
2-5 Years +42%
14,200 XCD
5-10 Years +32%
17,740 XCD
10-15 Years +23%
22,660 XCD
15-20 Years +6%
26,020 XCD
20+ Years +10%
26,500 XCD

Structural Welder Salary by Education Level in Grenada

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 Structural Welder in Grenada 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 Structural Welder in Grenada with a high school education can earn an average salary of 13,960 XCD.

  • Certificate or Diploma. A Structural Welder in Grenada with a certificate or diploma education can earn an average salary of 23,500 XCD.

Average Salary by Education Chart

High School
13,960 XCD
Certificate or Diploma +72%
23,500 XCD

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 Grenada is around 31,300 to 94,000 XCD 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.

Structural Welder 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 Grenada, a male structural welder will earn an average of 18,280 XCD, while a female structural welder will earn around 15,920 XCD.

This means that a male structural welder earns approximately 15% more than a female structural welder for performing the same job.

Average Salary by Gender Chart in Grenada

Male
18,280 XCD
Female -15%
15,920 XCD

Structural Welder Average Pay Raise in Grenada

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 Structural Welder in Grenada is around 5% every 29 months.

The national average pay raise across all professions and industries in Grenada 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 = ( 5 ÷ 29 ) × 12  = 2%

What this means is that a Structural Welder in Grenada can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Grenada for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Structural Welder Bonus and Incentive Rates in Grenada

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 Structural Welder is a low bonus based job, with 13% of employees reporting at least one bonus in the last 12 months.

87% 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
13%
No Bonus
87%

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 Grenada earn approximately 11% more than private sector employees in the same role.

Public Sector
78,500 XCD
Private Sector -11%
70,840 XCD

Salaries for Jobs Similar to a Structural Welder

In the table below, we have salary information for jobs that are similar to a Structural Welder in Grenada.

Job Title Category Salary
Assembly Foreman Factory and Manufacturing 21,380 XCD
Assembly Line Worker Factory and Manufacturing 19,860 XCD
Assembly Supervisor Factory and Manufacturing 29,600 XCD
Assistance Maintenance Manager Factory and Manufacturing 73,760 XCD
Assistant Shipping Manager Factory and Manufacturing 61,680 XCD
Chemical Equipment Controller Factory and Manufacturing 48,740 XCD
Chemical Technican Apprentice Factory and Manufacturing 37,880 XCD
CNC Machinist Factory and Manufacturing 42,960 XCD
CNC Operator Factory and Manufacturing 40,600 XCD
CNC Programmer Factory and Manufacturing 49,820 XCD
Colour Technologist Factory and Manufacturing 23,360 XCD
Contracts Manager Factory and Manufacturing 83,900 XCD
Data Collection Coordinator Factory and Manufacturing 36,940 XCD
Demand Planner Factory and Manufacturing 27,560 XCD
Derrick Operator Factory and Manufacturing 19,980 XCD
Director of Manufacturing Factory and Manufacturing 117,520 XCD
Dock Worker Factory and Manufacturing 19,860 XCD
Drying Technician Factory and Manufacturing 18,900 XCD
Equipment Operator Factory and Manufacturing 19,640 XCD
Export Sales Coordinator Factory and Manufacturing 60,180 XCD
Factory Superintendent Factory and Manufacturing 28,680 XCD
Factory Worker Factory and Manufacturing 21,020 XCD
Failure Analysis Technician Factory and Manufacturing 32,020 XCD
Fiberglass Laminator Factory and Manufacturing 19,980 XCD
Food Technologist Factory and Manufacturing 38,260 XCD
Forklift Driver Factory and Manufacturing 19,480 XCD
Forklift Operator Factory and Manufacturing 21,020 XCD
Forming Machine Operator Factory and Manufacturing 21,380 XCD
Furnace Operator Factory and Manufacturing 21,020 XCD
Gas Appliance Repairer Factory and Manufacturing 19,380 XCD
General Warehouse Associate Factory and Manufacturing 35,500 XCD
Heavy Equipment Operator Factory and Manufacturing 26,780 XCD
HSE Manager Factory and Manufacturing 88,240 XCD
Industrial Engineer Factory and Manufacturing 66,260 XCD
Industrial Machinery Mechanic Factory and Manufacturing 43,260 XCD
Industrial Production Manager Factory and Manufacturing 119,700 XCD
Industrial Safety and Health Engineer Factory and Manufacturing 66,820 XCD
Intake Operator Factory and Manufacturing 29,040 XCD
Key Account Manager Factory and Manufacturing 96,980 XCD
Lift Truck Operator Factory and Manufacturing 21,020 XCD
Loading Supervisor Factory and Manufacturing 34,360 XCD
Logistic Coordinator Factory and Manufacturing 54,140 XCD
Logistics Clerk Factory and Manufacturing 23,140 XCD
Machine Operator Factory and Manufacturing 21,540 XCD
Machinist Factory and Manufacturing 21,020 XCD
Maintenance Manager Factory and Manufacturing 73,760 XCD
Maintenance Store Clerk Factory and Manufacturing 23,380 XCD
Manufacturing Engineer Factory and Manufacturing 64,640 XCD
Manufacturing Engineering Manager Factory and Manufacturing 92,680 XCD
Manufacturing Engineering Technologist Factory and Manufacturing 69,040 XCD
Manufacturing Manager Factory and Manufacturing 109,520 XCD
Manufacturing Operative Factory and Manufacturing 35,520 XCD
Manufacturing Production Technician Factory and Manufacturing 26,020 XCD
Manufacturing Supervisor Factory and Manufacturing 60,480 XCD
Manufacturing Technician Factory and Manufacturing 21,980 XCD
Materials Manager Factory and Manufacturing 87,880 XCD
Materials Supervisor Factory and Manufacturing 54,500 XCD
Mechanical Fitter Engineer Factory and Manufacturing 61,760 XCD
Mechanical Foreman Factory and Manufacturing 21,380 XCD
Merchandise Planner Factory and Manufacturing 35,300 XCD
Metrology Engineer Factory and Manufacturing 60,600 XCD
Operations Engineer Factory and Manufacturing 64,300 XCD
Operations Manager Factory and Manufacturing 97,880 XCD
Order Management Coordinator Factory and Manufacturing 52,820 XCD
Order Processing Manager Factory and Manufacturing 87,000 XCD
Order Selector Factory and Manufacturing 25,940 XCD
Package Handler Factory and Manufacturing 19,020 XCD
Packaging Manager Factory and Manufacturing 71,700 XCD
Packer Factory and Manufacturing 19,160 XCD
Packing Deputy Supervisor Factory and Manufacturing 56,060 XCD
Planning Manager Factory and Manufacturing 97,760 XCD
Plant Manager Factory and Manufacturing 107,880 XCD
Precision Instrument Repairer Factory and Manufacturing 33,120 XCD
Process Technician Factory and Manufacturing 23,080 XCD
Product Manager Factory and Manufacturing 107,860 XCD
Production Analyst Factory and Manufacturing 85,700 XCD
Production Director Factory and Manufacturing 127,700 XCD
Production Engineer Factory and Manufacturing 64,720 XCD
Production Engineering Supervisor Factory and Manufacturing 102,240 XCD
Production Inspector Factory and Manufacturing 66,260 XCD
Production Laborer Factory and Manufacturing 18,280 XCD
Production Manager Factory and Manufacturing 123,400 XCD
Production Operator Factory and Manufacturing 26,860 XCD
Production Scheduler Factory and Manufacturing 50,580 XCD
Production Supervisor Factory and Manufacturing 63,480 XCD
Production Technician Factory and Manufacturing 26,660 XCD
Production Worker Factory and Manufacturing 26,080 XCD
Quality Control Analyst Factory and Manufacturing 83,900 XCD
Quality Control Inspector Factory and Manufacturing 65,920 XCD
Quality Control Manager Factory and Manufacturing 93,220 XCD
Service Technician Factory and Manufacturing 23,140 XCD
SHEQ Officer Factory and Manufacturing 31,940 XCD
Shipping Manager Factory and Manufacturing 105,080 XCD
Small Engine Mechanic Factory and Manufacturing 35,500 XCD
Spray Painter Factory and Manufacturing 20,520 XCD
Sterile Processing Technician Factory and Manufacturing 22,400 XCD
Supply Chain Operative Factory and Manufacturing 59,480 XCD
Technical Operator Factory and Manufacturing 28,660 XCD
Technology Development Manager Factory and Manufacturing 112,460 XCD
Testing Technician Factory and Manufacturing 43,760 XCD
Toolmaker Factory and Manufacturing 34,540 XCD
Warehouse Forklift Operator Factory and Manufacturing 19,380 XCD
Warehouse Operative Factory and Manufacturing 22,540 XCD
Warehouse Worker Factory and Manufacturing 23,400 XCD
Warranty Handler Factory and Manufacturing 37,740 XCD
Welder Factory and Manufacturing 20,940 XCD
Workshop Manager Factory and Manufacturing 72,120 XCD

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