Average Tire Retreader Salary in Maldives for 2024

In this article, we will look at the average Tire Retreader salary for 2024 in Maldives 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 Maldivian rufiyaa. To keep things simple, we are using the MVR currency code instead of the currency symbol .Þƒ.

How Much Does a Tire Retreader Make in Maldives?

A Tire Retreader working in Maldives will typically earn around 78,620 MVR per year, and this can range from the lowest average salary of about 42,320 MVR to the highest average salary of 119,700 MVR.

Average Annual Salary
78,620 MVR
Average Monthly Salary
6,551 MVR

Lowest Annual Salary
42,320 MVR
Lowest Monthly Salary
3,526 MVR

Highest Annual Salary
119,700 MVR
Highest Monthly Salary
9,975 MVR

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

Tire Retreader 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 Tire Retreader Salaries in Maldives

So we've looked at the average salaries a Tire Retreader will earn in Maldives. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Tire Retreader can earn between 42,320 MVR and 119,700 MVR on average in Maldives. 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 Tire Retreader in Maldives is 77,400 MVR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 77,400 MVR, and 50% of the population earn more than 77,400 MVR.

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 Tire Retreader salary in Maldives, 25% of the population are earning less than 50,540 MVR while 75% of the population earn more than 50,540 MVR.

75% of the population earn less than 94,900 MVR, and 25% of the population earn more than 94,900 MVR.

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.

Tire Retreader Salary by Experience Level in Maldives

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 tire retreader 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 Tire Retreader in Maldives that has less than two years of experience can expect to earn somewhere in the region of 47,760 MVR.
  • 2 - 5 Years Experience. With two to five years of experience the average Tire Retreader salary would increase to 63,700 MVR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Tire Retreader, the average salary would be 83,020 MVR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 99,080 MVR.
  • 15 - 20 Years Experience. A Tire Retreader with 15 to 20 years of experience can earn an average of 109,000 MVR.
  • 20+ Years Experience. For a Tire Retreader with more than 20 years, the expected average salary increases to 113,220 MVR.

Average Salary by Experience Chart

0-2 Years
47,760 MVR
2-5 Years +34%
63,700 MVR
5-10 Years +30%
83,020 MVR
10-15 Years +21%
99,080 MVR
15-20 Years +9%
109,000 MVR
20+ Years +5%
113,220 MVR

Tire Retreader Salary by Education Level in Maldives

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 Tire Retreader in Maldives 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 Tire Retreader in Maldives with a high school education can earn an average salary of 55,020 MVR.

  • Certificate or Diploma. A Tire Retreader in Maldives with a certificate or diploma education can earn an average salary of 78,400 MVR.

  • Bachelor's Degree. A Tire Retreader in Maldives with a bachelor's degree education can earn an average salary of 110,120 MVR.

Average Salary by Education Chart

High School
55,020 MVR
Certificate or Diploma +43%
78,400 MVR
Bachelor's Degree +38%
110,120 MVR

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 Maldives is around 95,600 to 287,000 MVR 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.

Tire Retreader 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 Maldives, a male tire retreader will earn an average of 82,720 MVR, while a female tire retreader will earn around 77,400 MVR.

This means that a male tire retreader earns approximately 7% more than a female tire retreader for performing the same job.

Average Salary by Gender Chart in Maldives

Male
82,720 MVR
Female -7%
77,400 MVR

Tire Retreader Average Pay Raise in Maldives

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 Tire Retreader in Maldives is around 5% every 29 months.

The national average pay raise across all professions and industries in Maldives 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 Tire Retreader in Maldives can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Maldives for 2024

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

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%

Tire Retreader Bonus and Incentive Rates in Maldives

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 Tire Retreader is a low bonus based job, with 9% of employees reporting at least one bonus in the last 12 months.

91% 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 3%.

Received Bonus
9%
No Bonus
91%

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 Maldives earn approximately 8% more than private sector employees in the same role.

Public Sector
237,400 MVR
Private Sector -8%
218,900 MVR

Salaries for Jobs Similar to a Tire Retreader

In the table below, we have salary information for jobs that are similar to a Tire Retreader in Maldives.

Job Title Category Salary
After Sales Automotive Manager Automotive 251,500 MVR
Alignment Technician Automotive 80,180 MVR
Auto Damage Adjuster Automotive 92,720 MVR
Auto Detailer Automotive 92,240 MVR
Auto Parts Manager Automotive 296,000 MVR
Automotive Assembler Automotive 82,720 MVR
Automotive Assembly Manager Automotive 282,300 MVR
Automotive Assembly Operator Automotive 84,560 MVR
Automotive Body Repairer Automotive 87,020 MVR
Automotive Branch Manager Automotive 372,600 MVR
Automotive Central Planner Automotive 125,700 MVR
Automotive Electrician Automotive 110,340 MVR
Automotive Engineering Technician Automotive 115,640 MVR
Automotive Estimating Manager Automotive 217,900 MVR
Automotive Estimator Automotive 187,300 MVR
Automotive General Manager Automotive 454,300 MVR
Automotive Inventory Officer Automotive 86,740 MVR
Automotive Manager Automotive 383,300 MVR
Automotive Master Mechanic Automotive 125,700 MVR
Automotive Parts Supplier Automotive 129,000 MVR
Automotive Project Engineer Automotive 161,300 MVR
Automotive Project Manager Automotive 294,300 MVR
Automotive Purchase Manager Automotive 330,900 MVR
Automotive Sales Automotive 174,000 MVR
Automotive Service Technician Automotive 89,120 MVR
Automotive Technician Automotive 83,420 MVR
Automotive Technician Automotive 88,240 MVR
Automotive Test Engineer Automotive 143,200 MVR
Automotive Warranty Administrator Automotive 138,200 MVR
Automotive Warranty Clerk Automotive 96,340 MVR
Car Parts and Accessories Fitter Automotive 83,420 MVR
Car Salesman Automotive 172,200 MVR
Damage Appraiser Automotive 128,900 MVR
Diesel Engine Specialist Automotive 124,400 MVR
Job Card Opener Automotive 77,380 MVR
Lube Technician Automotive 69,780 MVR
Master File Maintenance Automotive 123,400 MVR
Materials Planner Automotive 137,400 MVR
Mechanic Automotive 91,320 MVR
Motor Vehicle Inspector Automotive 125,700 MVR
Motorcycle Mechanic Automotive 94,940 MVR
Service Advisor Automotive 159,100 MVR
Service Manager Automotive 266,000 MVR
Stock Controller Automotive 109,460 MVR
Technical Advisor Automotive 164,200 MVR
Used Car Manager Automotive 237,400 MVR
Vehicle Body Maker Automotive 112,000 MVR
Vehicle Examiner Automotive 111,240 MVR
Vehicle Painter Automotive 70,700 MVR
Vehicle Trimmer Automotive 80,640 MVR
Welder Automotive 74,560 MVR

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