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 jobsĮmployees 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 92,200 THB. About 20% of salaries are below the 59,200 THB mark, while 10% fall within the range of 81,900 THB to 92,200 THB. The majority of reported salaries, approximately 65%, fall within the range of 59,200 THB to 81,900 THB. This approach provides a more precise representation of salary distribution for the job title Data Architect in Thailand 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 105,000 THB while 25% earn more. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Data Architect in Thailand earn less than 76,500 THB, 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 92,700 THB, half of the professionals who work as Data Architect in Thailand 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 Data Architect in Thailand range from 51,500 THB (starting salary) to 156,000 THB (maximum salary).
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