Average Binder and Finisher Salary in Belarus for 2024
In this article, we will look at the average Binder and Finisher salary for 2024 in Belarus 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 Belarusian ruble. To keep things simple, we are using the BYN currency code instead of the currency symbol Br.
How Much Does a Binder and Finisher Make in Belarus?
A Binder and Finisher working in Belarus will typically earn around 14,200 BYN per year, and this can range from the lowest average salary of about 7,620 BYN to the highest average salary of 23,380 BYN.
These are average salaries for a Binder and Finisher in Belarus and include benefits such as housing and transport. It's also possible for a Binder and Finisher to earn more or less than the average salaries shown above.
Binder and Finisher 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 Binder and Finisher Salaries in Belarus
So we've looked at the average salaries a Binder and Finisher will earn in Belarus. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Binder and Finisher can earn between 7,620 BYN and 23,380 BYN on average in Belarus. 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 Binder and Finisher in Belarus is 12,240 BYN. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 12,240 BYN, and 50% of the population earn more than 12,240 BYN.
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 Binder and Finisher salary in Belarus, 25% of the population are earning less than 8,100 BYN while 75% of the population earn more than 8,100 BYN.
75% of the population earn less than 17,860 BYN, and 25% of the population earn more than 17,860 BYN.
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.
Binder and Finisher Salary by Experience Level in Belarus
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 binder and finisher 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 Binder and Finisher in Belarus that has less than two years of experience can expect to earn somewhere in the region of 8,960 BYN.
- 2 - 5 Years Experience. With two to five years of experience the average Binder and Finisher salary would increase to 8,880 BYN.
- 5 - 10 Years Experience. From five to ten years of experience as a Binder and Finisher, the average salary would be 13,100 BYN.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 19,200 BYN.
- 15 - 20 Years Experience. A Binder and Finisher with 15 to 20 years of experience can earn an average of 19,860 BYN.
- 20+ Years Experience. For a Binder and Finisher with more than 20 years, the expected average salary increases to 21,020 BYN.
Average Salary by Experience Chart
0-2 Years |
8,960 BYN
|
|
2-5 Years | +31% |
8,880 BYN
|
5-10 Years | +40% |
13,100 BYN
|
10-15 Years | +20% |
19,200 BYN
|
15-20 Years | +9% |
19,860 BYN
|
20+ Years | +8% |
21,020 BYN
|
Binder and Finisher Salary by Education Level in Belarus
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 Binder and Finisher in Belarus 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 Binder and Finisher in Belarus with a high school education can earn an average salary of 7,820 BYN.
-
Certificate or Diploma. A Binder and Finisher in Belarus with a certificate or diploma education can earn an average salary of 16,340 BYN.
Average Salary by Education Chart
High School |
7,820 BYN
|
|
Certificate or Diploma | +76% |
16,340 BYN
|
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 Belarus is around 14,700 to 44,000 BYN 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.
Binder and Finisher 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 Belarus, a male binder and finisher will earn an average of 15,880 BYN, while a female binder and finisher will earn around 12,000 BYN.
This means that a male binder and finisher earns approximately 32% more than a female binder and finisher for performing the same job.
Average Salary by Gender Chart in Belarus
Male |
15,880 BYN
|
|
Female | -32% |
12,000 BYN
|
Binder and Finisher Average Pay Raise in Belarus
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 Binder and Finisher in Belarus is around 9% every 19 months.
The national average pay raise across all professions and industries in Belarus is around 8% every 19 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 = ( 9 ÷ 19 ) × 12 = 6%
What this means is that a Binder and Finisher in Belarus can expect to receive an average pay raise of around 6% every 12 months.
Annual Pay Raise by Industry in Belarus for 2024
In the chart below, you can see the average annual pay raise percentages for each of the major industries in Belarus.
You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.
Banking |
2%
|
|
Energy |
4%
|
|
Information Technology |
6%
|
|
Healthcare |
8%
|
|
Travel |
1%
|
|
Construction |
3%
|
|
Education |
5%
|
Binder and Finisher Bonus and Incentive Rates in Belarus
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 Binder and Finisher is a low bonus based job, with 24% of employees reporting at least one bonus in the last 12 months.
76% 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 |
24%
|
|
No Bonus |
76%
|
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 Belarus earn approximately 13% more than private sector employees in the same role.
Public Sector |
36,020 BYN
|
|
Private Sector | -13% |
31,980 BYN
|
Salaries for Jobs Similar to a Binder and Finisher
In the table below, we have salary information for jobs that are similar to a Binder and Finisher in Belarus.
Salary Comparison by City
If you want to compare salaries with different cities in Belarus, you can use the links below to explore the data for each specific city we have researched.
Link To or Reference This Page
We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.
If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!
-
<a href="https://worldsalaries.com/average-binder-and-finisher-salary-in-belarus/">Average Binder and Finisher Salary in Belarus for 2024</a>
-
"Average Binder and Finisher Salary in Belarus for 2024". World Salaries. Accessed on May 16, 2024. https://worldsalaries.com/average-binder-and-finisher-salary-in-belarus/.
-
"Average Binder and Finisher Salary in Belarus for 2024". World Salaries, https://worldsalaries.com/average-binder-and-finisher-salary-in-belarus/. Accessed 16 May, 2024
-
Average Binder and Finisher Salary in Belarus for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-binder-and-finisher-salary-in-belarus/.