Average Vendor Administration Specialist Salary in Suriname for 2024

In this article, we will look at the average Vendor Administration Specialist 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 Vendor Administration Specialist Make in Suriname?

A Vendor Administration Specialist working in Suriname will typically earn around 32,200 SRD per year, and this can range from the lowest average salary of about 14,540 SRD to the highest average salary of 50,020 SRD.

Average Annual Salary
32,200 SRD
Average Monthly Salary
2,683 SRD

Lowest Annual Salary
14,540 SRD
Lowest Monthly Salary
1,211 SRD

Highest Annual Salary
50,020 SRD
Highest Monthly Salary
4,168 SRD

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

Vendor Administration Specialist 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 Vendor Administration Specialist Salaries in Suriname

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

Salary ranges

We already know that a Vendor Administration Specialist can earn between 14,540 SRD and 50,020 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 Vendor Administration Specialist in Suriname is 32,900 SRD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 32,900 SRD, and 50% of the population earn more than 32,900 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 Vendor Administration Specialist salary in Suriname, 25% of the population are earning less than 23,520 SRD while 75% of the population earn more than 23,520 SRD.

75% of the population earn less than 41,480 SRD, and 25% of the population earn more than 41,480 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.

Vendor Administration Specialist 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 vendor administration specialist 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 Vendor Administration Specialist in Suriname that has less than two years of experience can expect to earn somewhere in the region of 18,780 SRD.
  • 2 - 5 Years Experience. With two to five years of experience the average Vendor Administration Specialist salary would increase to 27,020 SRD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Vendor Administration Specialist, the average salary would be 34,240 SRD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 42,320 SRD.
  • 15 - 20 Years Experience. A Vendor Administration Specialist with 15 to 20 years of experience can earn an average of 44,140 SRD.
  • 20+ Years Experience. For a Vendor Administration Specialist with more than 20 years, the expected average salary increases to 46,040 SRD.

Average Salary by Experience Chart

0-2 Years
18,780 SRD
2-5 Years +42%
27,020 SRD
5-10 Years +31%
34,240 SRD
10-15 Years +23%
42,320 SRD
15-20 Years +6%
44,140 SRD
20+ Years +10%
46,040 SRD

Vendor Administration Specialist 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 Vendor Administration Specialist 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 Vendor Administration Specialist in Suriname with a high school education can earn an average salary of 23,400 SRD.

  • Certificate or Diploma. A Vendor Administration Specialist in Suriname with a certificate or diploma education can earn an average salary of 27,380 SRD.

  • Bachelor's Degree. A Vendor Administration Specialist in Suriname with a bachelor's degree education can earn an average salary of 37,740 SRD.

  • Master's Degree. A Vendor Administration Specialist in Suriname with a master's degree education can earn an average salary of 47,180 SRD.

Average Salary by Education Chart

High School
23,400 SRD
Certificate or Diploma +16%
27,380 SRD
Bachelor's Degree +46%
37,740 SRD
Master's Degree +23%
47,180 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.

Vendor Administration Specialist 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 vendor administration specialist will earn an average of 32,900 SRD, while a female vendor administration specialist will earn around 29,160 SRD.

This means that a male vendor administration specialist earns approximately 13% more than a female vendor administration specialist for performing the same job.

Average Salary by Gender Chart in Suriname

Male
32,900 SRD
Female -13%
29,160 SRD

Vendor Administration Specialist 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 Vendor Administration Specialist in Suriname is around 7% every 29 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 ÷ 29 ) × 12  = 3%

What this means is that a Vendor Administration Specialist 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%

Vendor Administration Specialist 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 Vendor Administration Specialist is a low bonus based job, with 38% of employees reporting at least one bonus in the last 12 months.

62% 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
38%
No Bonus
62%

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 Vendor Administration Specialist

In the table below, we have salary information for jobs that are similar to a Vendor Administration Specialist in Suriname.

Job Title Category Salary
Account Representative Customer Service and Call Center 30,800 SRD
Account Service Representative Customer Service and Call Center 29,840 SRD
Business Support Specialist Customer Service and Call Center 41,900 SRD
Call Center Advisor Customer Service and Call Center 28,680 SRD
Call Center Duty Manager Customer Service and Call Center 41,700 SRD
Call Center Manager Customer Service and Call Center 75,100 SRD
Call Center Manager Customer Service and Call Center 82,920 SRD
Call Center Quality Analyst Customer Service and Call Center 48,920 SRD
Call Center Representative Customer Service and Call Center 21,300 SRD
Call Center Representative Customer Service and Call Center 23,080 SRD
Call Center Scheduler Customer Service and Call Center 26,860 SRD
Call Center Scheduling Manager Customer Service and Call Center 40,640 SRD
Call Center Supervisor Customer Service and Call Center 34,480 SRD
Call Center Team Leader Customer Service and Call Center 43,260 SRD
Client Engagement Specialest Customer Service and Call Center 45,620 SRD
Client Executive Customer Service and Call Center 33,520 SRD
Client Liaison Officer Customer Service and Call Center 23,400 SRD
Client Relations Manager Customer Service and Call Center 87,060 SRD
Client Relationship Executive Customer Service and Call Center 79,000 SRD
Client Relationship Manager Customer Service and Call Center 87,020 SRD
Client Service Analyst Customer Service and Call Center 52,180 SRD
Client Service Representative Customer Service and Call Center 24,840 SRD
Client Strategy Specialist Customer Service and Call Center 51,800 SRD
Contracts Specialist Customer Service and Call Center 36,700 SRD
Customer Care Officer Customer Service and Call Center 24,820 SRD
Customer Care Representative Customer Service and Call Center 22,660 SRD
Customer Center Supervisor Customer Service and Call Center 27,560 SRD
Customer Experience Analyst Customer Service and Call Center 31,380 SRD
Customer Experience Manager Customer Service and Call Center 80,500 SRD
Customer Experience Specialist Customer Service and Call Center 57,360 SRD
Customer Fulfillment Specialist Customer Service and Call Center 50,980 SRD
Customer Insights Analyst Customer Service and Call Center 54,460 SRD
Customer Problem Manager Customer Service and Call Center 50,540 SRD
Customer Relations Manager Customer Service and Call Center 87,000 SRD
Customer Relations Specialist Customer Service and Call Center 46,880 SRD
Customer Sales Representative Customer Service and Call Center 25,220 SRD
Customer Sales Support Customer Service and Call Center 23,700 SRD
Customer Service Administration Customer Service and Call Center 29,640 SRD
Customer Service Advisor Customer Service and Call Center 55,220 SRD
Customer Service Agent Customer Service and Call Center 24,800 SRD
Customer Service Associate Customer Service and Call Center 23,140 SRD
Customer Service Coordinator Customer Service and Call Center 31,540 SRD
Customer Service Country Manager Customer Service and Call Center 99,280 SRD
Customer Service Executive Customer Service and Call Center 55,320 SRD
Customer Service Manager Customer Service and Call Center 83,060 SRD
Customer Service Manager Customer Service and Call Center 86,640 SRD
Customer Service Officer Customer Service and Call Center 23,360 SRD
Customer Service Representative Customer Service and Call Center 24,820 SRD
Customer Service Sales Support Customer Service and Call Center 22,400 SRD
Customer Service Specialist Customer Service and Call Center 23,700 SRD
Customer Service Supervisor Customer Service and Call Center 36,580 SRD
Customer Service Team Leader Customer Service and Call Center 53,660 SRD
Customer Service Trainer Customer Service and Call Center 43,520 SRD
Customer Service Working Supervisor Customer Service and Call Center 40,560 SRD
Customer Solutions Representative Customer Service and Call Center 51,400 SRD
Customer Success Manager Customer Service and Call Center 80,520 SRD
Customer Success Specialist Customer Service and Call Center 50,080 SRD
Customer Support Agent Customer Service and Call Center 22,660 SRD
Dispute Resolution Specialist Customer Service and Call Center 43,080 SRD
Field Service Representative Customer Service and Call Center 24,800 SRD
Guest Relations Officer Customer Service and Call Center 18,900 SRD
Guest Service Agent Customer Service and Call Center 20,300 SRD
Inbound Call Center Representative Customer Service and Call Center 23,360 SRD
Inbound Sales Representative Customer Service and Call Center 23,140 SRD
Internet Banking Supervisor Customer Service and Call Center 77,640 SRD
Lead Administrator Customer Service and Call Center 48,300 SRD
Logistics Coordinator Customer Service and Call Center 27,040 SRD
Operations Support Manager Customer Service and Call Center 73,880 SRD
Real Time Analyst Customer Service and Call Center 46,980 SRD
Regional Account Manager Customer Service and Call Center 80,500 SRD
Service Administrator Customer Service and Call Center 39,960 SRD
Service Delivery Manager Customer Service and Call Center 85,080 SRD
Service Writer Customer Service and Call Center 20,520 SRD
Sourcing Assistant Customer Service and Call Center 17,560 SRD
Telephone Operator Customer Service and Call Center 16,140 SRD
Workforce Manager Customer Service and Call Center 53,380 SRD

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