Average Welder Salary in Grenada for 2024

In this article, we will look at the average 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 Welder Make in Grenada?

A Welder working in Grenada will typically earn around 22,420 XCD per year, and this can range from the lowest average salary of about 12,200 XCD to the highest average salary of 32,420 XCD.

Average Annual Salary
22,420 XCD
Average Monthly Salary
1,868 XCD

Lowest Annual Salary
12,200 XCD
Lowest Monthly Salary
1,016 XCD

Highest Annual Salary
32,420 XCD
Highest Monthly Salary
2,701 XCD

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

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 Welder Salaries in Grenada

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

Salary ranges

We already know that a Welder can earn between 12,200 XCD and 32,420 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 Welder in Grenada is 21,020 XCD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 21,020 XCD, and 50% of the population earn more than 21,020 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 Welder salary in Grenada, 25% of the population are earning less than 14,840 XCD while 75% of the population earn more than 14,840 XCD.

75% of the population earn less than 23,360 XCD, and 25% of the population earn more than 23,360 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.

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 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 Welder in Grenada that has less than two years of experience can expect to earn somewhere in the region of 12,240 XCD.
  • 2 - 5 Years Experience. With two to five years of experience the average Welder salary would increase to 16,140 XCD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Welder, the average salary would be 24,280 XCD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 28,180 XCD.
  • 15 - 20 Years Experience. A Welder with 15 to 20 years of experience can earn an average of 31,660 XCD.
  • 20+ Years Experience. For a Welder with more than 20 years, the expected average salary increases to 34,080 XCD.

Average Salary by Experience Chart

0-2 Years
12,240 XCD
2-5 Years +26%
16,140 XCD
5-10 Years +32%
24,280 XCD
10-15 Years +18%
28,180 XCD
15-20 Years +11%
31,660 XCD
20+ Years +6%
34,080 XCD

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 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 Welder in Grenada with a high school education can earn an average salary of 16,140 XCD.

  • Certificate or Diploma. A Welder in Grenada with a certificate or diploma education can earn an average salary of 25,220 XCD.

  • Bachelor's Degree. A Welder in Grenada with a bachelor's degree education can earn an average salary of 31,380 XCD.

Average Salary by Education Chart

High School
16,140 XCD
Certificate or Diploma +37%
25,220 XCD
Bachelor's Degree +29%
31,380 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.

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 welder will earn an average of 22,660 XCD, while a female welder will earn around 21,640 XCD.

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

Average Salary by Gender Chart in Grenada

Male
22,660 XCD
Female -5%
21,640 XCD

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 Welder in Grenada is around 6% every 28 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 = ( 6 ÷ 28 ) × 12  = 3%

What this means is that a Welder in Grenada can expect to receive an average pay raise of around 3% 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%

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 Welder is a low bonus based job, with 7% of employees reporting at least one bonus in the last 12 months.

93% 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 2%.

Received Bonus
7%
No Bonus
93%

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 Welder

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

Job Title Category Salary
After Sales Automotive Manager Automotive 77,380 XCD
Alignment Technician Automotive 27,380 XCD
Auto Damage Adjuster Automotive 30,840 XCD
Auto Detailer Automotive 28,720 XCD
Auto Parts Manager Automotive 88,620 XCD
Automotive Assembler Automotive 29,040 XCD
Automotive Assembly Manager Automotive 86,520 XCD
Automotive Assembly Operator Automotive 26,780 XCD
Automotive Body Repairer Automotive 25,940 XCD
Automotive Branch Manager Automotive 111,240 XCD
Automotive Central Planner Automotive 41,700 XCD
Automotive Electrician Automotive 31,040 XCD
Automotive Engineering Technician Automotive 36,800 XCD
Automotive Estimating Manager Automotive 66,140 XCD
Automotive Estimator Automotive 58,240 XCD
Automotive General Manager Automotive 136,200 XCD
Automotive Inventory Officer Automotive 27,020 XCD
Automotive Manager Automotive 119,900 XCD
Automotive Master Mechanic Automotive 38,060 XCD
Automotive Parts Supplier Automotive 41,900 XCD
Automotive Project Engineer Automotive 49,200 XCD
Automotive Project Manager Automotive 93,120 XCD
Automotive Purchase Manager Automotive 98,440 XCD
Automotive Sales Automotive 51,120 XCD
Automotive Service Technician Automotive 26,280 XCD
Automotive Technician Automotive 25,160 XCD
Automotive Test Engineer Automotive 45,600 XCD
Automotive Warranty Administrator Automotive 42,960 XCD
Automotive Warranty Clerk Automotive 27,020 XCD
Car Parts and Accessories Fitter Automotive 22,400 XCD
Car Salesman Automotive 50,540 XCD
Damage Appraiser Automotive 40,040 XCD
Diesel Engine Specialist Automotive 35,420 XCD
Job Card Opener Automotive 23,660 XCD
Lube Technician Automotive 22,540 XCD
Master File Maintenance Automotive 36,700 XCD
Materials Planner Automotive 40,420 XCD
Mechanic Automotive 26,100 XCD
Motor Vehicle Inspector Automotive 39,080 XCD
Motorcycle Mechanic Automotive 28,660 XCD
Service Advisor Automotive 48,940 XCD
Service Manager Automotive 77,860 XCD
Stock Controller Automotive 35,560 XCD
Technical Advisor Automotive 50,660 XCD
Tire Retreader Automotive 22,340 XCD
Used Car Manager Automotive 74,940 XCD
Vehicle Body Maker Automotive 33,520 XCD
Vehicle Examiner Automotive 35,340 XCD
Vehicle Painter Automotive 22,420 XCD
Vehicle Trimmer Automotive 27,020 XCD

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