Factors That Can Affect Salaries Of Skilled Workers

skilled workers salary

Skilled workers have never made more sense than it does now. The barriers for entry are much lower, the demand for expertise is high, and depending on the area of specialization, you can end up making much more money that a traditional degree from a four-year university can provide.

While reasons for working in skilled trades is enticing it pays to take careful consideration on exactly where you want to take your skills, and it is important to know the factors that will play into the long-term sustainability of the skills being learned.

Today we’ll cover the basics of what any prospective student might want to consider when evaluating their respective area of specialization in a skill-based field…

Industry Trends

The demand in the skilled trade industry continuously grows. The need for skilled laborers is felt all over the world as those baby boomers who once had the jobs are now retiring. One of the skilled trade jobs that are considered as one of the highest paying ones in Canada is the heavy-duty equipment technicians. With proper certifications and four years working in the field, technicians are looking into an average of $107,000 annual income.

In the US, there is also a demand for those in the skilled trades and the topmost spot belongs to those in the construction field. Naturally, those that have a higher demand will have a higher salary. Those who find themselves working in booming sectors can also expect their salaries to increase over the years. 

Geographic Competition

Apart from the nature of skilled trade, the salary is also affected by the location. For example, an area is currently focused on oil production or fuel mining. There is likely an increase in the salary in that area for the said sector of skill trade. 

Also, some more developed areas may give a better salary and increase to entice workers to work in the said location rather than other nearby areas. Cities that are close together may have a competition when it comes to the salary of their skilled workers. Depending on the area’s needs, some may offer higher salaries for different sectors.

Experience

Salary is also greatly affected by the experience you have. As skilled personnel, how well you do your job can be positively affected by your experience. It is more likely for employers to offer a higher salary to those who have more experience than those who just got their certifications. Nevertheless, the salary would also increase as you spend more time working and building your career. 

Hazardous Working Conditions

Skill trade workers that are required to work in hazardous conditions may have a higher salary than those that work in safer conditions. Examples are those who work with heavy machinery, those who handle chemicals, or those who work with construction. Some also add hazardous pay on top of the basic salary. 

Shift Differentials

Another factor that can affect the salary is the work shift. Some skill trade work is available during office hours only while some offer shifts after office hours. The less favorable shifts, usually those at night, have a higher pay to compensate for the less favorable shift. 

It also pays more because it takes more effort for the worker to work outside normal working hours. The additional pay is meant to compensate for the sacrifice they make just to attend their shift. 

Final Words

The salary of skilled workers depends on a variety of factors such as those listed above. Some may find lower salaries for skilled workers but the great news is that the demand is currently high and is expected to get higher. That is why it is a great idea to get yourself trained in the sector that you desire. There is a career waiting for you in the skill trade industry.

Leave a Reply

Your email address will not be published. Required fields are marked *