Average Trend Forecaster Salary in Laos for 2024

In this article, we will look at the average Trend Forecaster salary for 2024 in Laos 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 Lao kip. To keep things simple, we are using the LAK currency code instead of the currency symbol ₭.

How Much Does a Trend Forecaster Make in Laos?

A Trend Forecaster working in Laos will typically earn around 54,600,600 LAK per year, and this can range from the lowest average salary of about 25,200,800 LAK to the highest average salary of 86,881,900 LAK.

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

Trend Forecaster 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 Trend Forecaster Salaries in Laos

So we've looked at the average salaries a Trend Forecaster will earn in Laos. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Trend Forecaster can earn between 25,200,800 LAK and 86,881,900 LAK on average in Laos. 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 Trend Forecaster in Laos is 59,040,700 LAK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 59,040,700 LAK, and 50% of the population earn more than 59,040,700 LAK.

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 Trend Forecaster salary in Laos, 25% of the population are earning less than 37,919,200 LAK while 75% of the population earn more than 37,919,200 LAK.

75% of the population earn less than 78,838,900 LAK, and 25% of the population earn more than 78,838,900 LAK.

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.

Trend Forecaster Salary by Experience Level in Laos

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 trend forecaster 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 Trend Forecaster in Laos that has less than two years of experience can expect to earn somewhere in the region of 28,560,900 LAK.
• 2 - 5 Years Experience. With two to five years of experience the average Trend Forecaster salary would increase to 38,158,300 LAK.
• 5 - 10 Years Experience. From five to ten years of experience as a Trend Forecaster, the average salary would be 56,280,700 LAK.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 68,639,200 LAK.
• 15 - 20 Years Experience. A Trend Forecaster with 15 to 20 years of experience can earn an average of 74,879,200 LAK.
• 20+ Years Experience. For a Trend Forecaster with more than 20 years, the expected average salary increases to 80,998,900 LAK.

Average Salary by Experience Chart

Trend Forecaster Salary by Education Level in Laos

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 Trend Forecaster in Laos 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 Trend Forecaster in Laos with a high school education can earn an average salary of 33,119,100 LAK.

• Certificate or Diploma. A Trend Forecaster in Laos with a certificate or diploma education can earn an average salary of 64,079,200 LAK.

Average Salary by Education Chart

Trend Forecaster 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 Laos, a male trend forecaster will earn an average of 51,238,900 LAK, while a female trend forecaster will earn around 58,079,300 LAK.

This means that a male trend forecaster earns approximately 12% less than a female trend forecaster for performing the same job.

Average Salary by Gender Chart in Laos

Trend Forecaster Average Pay Raise in Laos

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 Trend Forecaster in Laos is around 6% every 30 months.

The national average pay raise across all professions and industries in Laos 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 = ( 6 ÷ 30 ) × 12  = 2%

What this means is that a Trend Forecaster in Laos can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Laos for 2024

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

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

Trend Forecaster Bonus and Incentive Rates in Laos

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 Trend Forecaster is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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 2% to 7%.

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 Laos earn approximately 25% more than private sector employees in the same role.

Salaries for Jobs Similar to a Trend Forecaster

In the table below, we have salary information for jobs that are similar to a Trend Forecaster in Laos.

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