The figures mentioned above are good approximations and are considered to be the standard. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). Salaried jobs pay a fixed amount regardless of the hours worked. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. The hourly wage is the salary paid in one worked hour. Hourly Wage = Annual Salary / ( 52 x 5 x 8 ) The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation. Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. Their expertise is usually different from that of the core business operations.Ī graphics designer working for a graphics designing company.Ī graphic designer in the marketing department of a hospital. Their field of expertise usually matches the type of business.Įmployees that support and facilitate the work of revenue generators. What makes a position worthy of good bonuses and a high salary? The main two types of jobs Revenue Generators Supporting CastĮmployees that are directly involved in generating revenue or profit for the organization. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned. People tend to confuse bonuses with commissions. Only 5% of individuals have salaries exceeding 78,200 LKR. About 20% of salaries are below the 47,200 LKR mark, while 10% fall within the range of 68,500 LKR to 78,200 LKR.
The majority of reported salaries, approximately 65%, fall within the range of 47,200 LKR to 68,500 LKR. This approach provides a more precise representation of salary distribution for the job title Production Supervisor in Sri Lanka compared to simply calculating the average. To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. Similarly, the chart shows that 75% earn less than 90,800 LKR while 25% earn more. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Production Supervisor in Sri Lanka earn less than 63,600 LKR, while 75% earn more. The median is closely associated with two other values known as the 25th and 75th percentiles. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph. The median salary denotes the middle value of salaries. With a median salary of 78,800 LKR, half of the professionals who work as Production Supervisor in Sri Lanka earn less than this amount, and the other half earn more. It should be noted that the given figure is not the legally mandated minimum wage rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country. Salaries for the position Production Supervisor in Sri Lanka range from 37,900 LKR (starting salary) to 131,000 LKR (maximum salary). Salary Range, Minimum Wage, and Starting Salary.See user submitted job responsibilities for Production Manager.All salary figures displayed here are per month except when noted otherwise.
#AVERAGE PRODUCTION SUPERVISOR SALARY FULL#
View full job descriptionĮmployers: Job Description Management Tool Extensive knowledge of the function and department processes. 1 - 3 years supervisory experience may be required.
To be a Production Manager typically requires 5 years experience in the related area as an individual contributor. Has full authority for personnel actions. Ensures that project/department milestones/goals are met and adhering to approved budgets. The Production Manager manages subordinate staff in the day-to-day performance of their jobs. Coaches teams in best practices to provide a safe and efficient work environment and resolve escalated issues and problems. Additionally, Production Manager ensures that staff training processes, equipment, gear, and tool requirements are fulfilled to comply with health and safety regulations. Coordinates maintenance, turnarounds, and downtime for efficiency and speed. Being a Production Manager monitors shift production metrics to identify and resolve issues and implement process improvements. Follows overall production schedules to manage staffing and establish daily and shift production goals. Production Manager manages operations of production areas to ensure that volume, cost, waste, and quality standards are achieved.
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