Senior Living Social Worker Average Salary in Monaco 2024
How much money does a person working as Senior Living Social Worker make in Monaco?
LOW
1,110
EUR AVERAGE
2,050
EUR HIGH
3,100
EUR
A person working as Senior Living Social Worker in Monaco typically earns around 2,050 EUR. Salaries range from 1,110 EUR (lowest) to 3,100 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Senior Living Social Worker salaries in Monaco vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Senior Living Social Worker Pay Scale and Salaries in Monaco
Salary Structure and Pay Scale Comparison
1,830 EUR or more
1,640 to 1,830 EUR
1,220 EUR or less
1,220 to 1,640 EUR
 1,110 EUR |
1,830 EUR |
3,100 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Senior Living Social Worker in Monaco range from 1,110 EUR (starting salary) to 3,100 EUR (maximum salary). 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.
Median Salary
With a median salary of 1,830 EUR, half of the professionals who work as Senior Living Social Worker in Monaco earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. 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.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Senior Living Social Worker in Monaco earn less than 1,530 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 2,070 EUR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Senior Living Social Worker in Monaco compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 1,220 EUR to 1,640 EUR. About 20% of salaries are below the 1,220 EUR mark, while 10% fall within the range of 1,640 EUR to 1,830 EUR. Only 5% of individuals have salaries exceeding 1,830 EUR.
Salary Comparison by Years of Experience / Senior Living Social Worker / Monaco
How do experience and age affect pay?
| 0 - 2 Years | 1,290 EUR | |
| 2 - 5 Years | +26% | 1,630 EUR |
| 5 - 10 Years | +32% | 2,140 EUR |
| 10 - 15 Years | +18% | 2,520 EUR |
| 15 - 20 Years | +11% | 2,790 EUR |
| 20+ Years | +6% | 2,970 EUR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Senior Living Social Worker and this is what we found.
Employees with less than two years of experience earn approximately 1,290 EUR.
While someone with an experience level between two and five years is expected to earn 1,630 EUR, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,140 EUR, 32% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,520 EUR, 18% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 2,790 EUR, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 2,970 EUR, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Senior Living Social Worker / Monaco
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Senior Living Social Worker.
| High School | 1,630 EUR | |
| Certificate or Diploma | +37% | 2,220 EUR |
| Bachelor's Degree | +29% | 2,860 EUR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Senior Living Social Worker in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 1,630 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 2,220 EUR, 37% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 2,860 EUR, 29% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Senior Living Social Worker / Monaco
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Senior Living Social Worker in Monaco, the average difference between the salary of male and female employees is 9%.
| Male | 2,120 EUR | |
| Female | -8% | 1,950 EUR |
Salary Comparison By Gender in Monaco for all Careers
Average Annual Salary Increment Percentage / Senior Living Social Worker / Monaco
How much are annual salary increments in Monaco for individuals working as Senior Living Social Worker? How often do employees get salary raises?
Individuals working as Senior Living Social Worker in Monaco are likely to observe a salary increase of approximately 7% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Monaco / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Senior Living Social Worker / Monaco
How much and how often are bonuses being awarded?
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93% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 7% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 2% of their annual salary.
| Received Bonus | 7% | |
| No Bonus | 93% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. 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.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Senior Living Social Worker / Monaco
12 EUR per hourThe average hourly wage (pay per hour) for individuals working as Senior Living Social Worker in Monaco is 12 EUR.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. 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). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Senior Living Social Worker in Monaco is 6 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Care Giving and Child Care |  -100% | |
| Activity Assistant | 1,730 EUR | -16% |
| Adoption Coordinator | 3,160 EUR |  +54% |
| Advice Worker | 1,970 EUR | -4% |
| Aging-in-Place Specialist | 3,300 EUR | +61% |
| Applied Behavior Analysis Therapist | 3,710 EUR | +81% |
| Autism Support Specialist | 2,880 EUR | +40% |
| Autism Therapist | 3,730 EUR | +82% |
| Babywearing Consultant | 2,340 EUR | +14% |
| Care Manager | 5,070 EUR | +150% |
| Care Worker | 1,590 EUR | -22% |
| Child Care Assistant Director | 4,030 EUR | +96% |
| Child Care Specialist | 5,630 EUR | +170% |
| Child Care Teacher | 2,010 EUR | -2% |
| Child Development Center Assistant | 2,500 EUR | +22% |
| Child Development Specialist | 5,850 EUR | +190% |
| Child Life Specialist | 5,520 EUR | +170% |
| Child Passenger Safety Technician | 2,580 EUR | +26% |
| Child Protection Officer | 2,150 EUR | +5% |
| Child Psychotherapist | 6,570 EUR | +220% |
| Child Support Officer | 1,990 EUR | -3% |
| Clinical Care Coordinator | 2,010 EUR | -2% |
| Clinical Officer | 1,950 EUR | -5% |
| Custodian | 2,890 EUR | +41% |
| Day Care Director | 6,850 EUR | +230% |
| Dementia Care Specialist | 2,610 EUR | +27% |
| Elderly Care Giver | 1,680 EUR | -18% |
| Elderly Care Manager | 3,680 EUR | +79% |
| Family Mediator | 3,870 EUR | +89% |
| Foster Care Placement Specialist | 3,350 EUR | +63% |
| Gerontology Nurse | 2,290 EUR | +12% |
| Group Home Manager | 7,230 EUR | +250% |
| Hospice Social Worker | 2,040 EUR | -1% |
| In-home Early Childhood Education Consultant | 3,450 EUR | +68% |
| Infant Massage Therapist | 2,500 EUR | +22% |
| Kids Activity Assistant | 1,540 EUR | -25% |
| Lactation Consultant | 4,090 EUR | +99% |
| Live In Carer | 1,920 EUR | -6% |
| Nanny | 1,860 EUR | -9% |
| Nursery Nurse | 2,000 EUR | -2% |
| Nursery Teacher | 1,850 EUR | -10% |
| Nursing Home Administrator | 2,420 EUR | +18% |
| Palliative Care Nurse | 2,210 EUR | +8% |
| Pediatric Nutritionist | 3,910 EUR | +91% |
| Pediatric Sleep Consultant | 3,960 EUR | +93% |
| Personal Assistant | 1,590 EUR | -22% |
| Physical Health and Wellness Specialist | 6,390 EUR | +210% |
| Postpartum Doula | 2,220 EUR | +8% |
| Preschool Education Coordinator | 2,780 EUR | +36% |
| Primary Therapist | 4,700 EUR | +130% |
| Psychiatric Aide | 2,270 EUR | +11% |
| Rehabilitation Counselor | 5,340 EUR | +160% |
| Senior Living Social Worker | 2,050 EUR | -0% |
| Sensory Play Therapist | 3,800 EUR | +85% |
| Support Worker | 1,730 EUR | -16% |
| Technology Tutor for Seniors | 2,780 EUR | +36% |
| Virtual Caregiver | 2,390 EUR | +17% |
| Virtual Childcare Provider | 2,870 EUR | +40% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Monaco is 10% on average across all career fields.
| Private Sector | 4,130 EUR | |
| Public Sector | +10% | 4,550 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Senior Living Social Worker in Monaco?
A good and competitive compensation would range anywhere between 1,830 EUR and 2,070 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Senior Living Social Worker in Monaco ranges from 1,110 EUR to 1,530 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
