Are you interested in knowing the salary of a person working in information technology in Ghana? Some have been saying the salary of a person working in information technology in Ghana receives the lowest salary as compared to other jobs in Ghana.
To clear your doubt, we will walk you through the salary range of people working in information technology.
What is the Main Purpose of Information Technology?
Building communication networks for a business, protecting data and information, developing and managing databases, assisting staff members with a computer or mobile device issues, or performing a variety of other tasks to guarantee the effectiveness and security of business information are all examples of information technology.
How Much Money Does A Person Working In the Information Technology Make in Ghana?
In Ghana, the average monthly salary for an IT professional is roughly 5,090 GHS. However, the lowest average salary is 2,140 GHS, while the highest average salary is 7,100 GHS. With housing, transportation, and other amenities included, this is the typical monthly wage. Different Information Technology occupations pay significantly differently.
Salary Comparison by Years of Experience
The remuneration is mostly influenced by the amount of experience. Obviously, the pay increases with experience level.
In general, across all industries and specialties, workers with two to five years of experience earn 35% more than new hires and juniors. More experienced professionals often make 38% more than those with five years or less of job experience, on average.
The salary rises by 21% once you reach the ten-year milestone and by an additional 14% after you reach the fifteen-year milestone.
These numbers are just provided as suggestions. When you take into account each job title separately, the statistics become more important.
Bonus Comparison by Seniority Level
Senior and top-level employees naturally receive bonuses more frequently and at higher rates than younger employees. Due to the inherent duties of being higher in the hierarchy, this is fairly foreseeable. Top-level employees sometimes receive bonuses that are twice or treble those of lower-level workers.
Information Technology Hourly Average Wage in Ghana
Ghana’s national average hourly wage is 29 GHS. Accordingly, the average worker in Ghana makes about 29 GHS for each hour they put in. The pay given for each hour of work is known as the hourly wage. Salary jobs and hourly jobs are the two categories into which occupations are often divided.
No matter how many hours are worked, salaries are fixed. Hourly jobs pay for each hour worked. The formula above is used to translate salary into hourly pay (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). Depending on the number of hours worked each week and the yearly vacation allowance, the hourly salary computation may vary somewhat. The aforementioned numbers are believed to be the norm and are fair approximations.
Overtime eligibility is a key distinction between salaried employees and hourly workers. Contrary to hourly-paid labor, salaried employees often are not required to work overtime.
Information Technology Bonus and Incentive Rates in Ghana
Due to the relatively low engagement in direct income production, with few exceptions, information technology is regarded as a modest bonus-based industry. The people who receive the greatest incentives are often involved in the cycle of revenue generating in some way.
In a study of IT employees, 55% stated they had not received any bonuses or incentives in the preceding year, while 45% claimed they had at least one financial bonus. Those who received bonuses said that they made up between 4% and 5% of their yearly salaries.
Salary Comparison by Education
Compared to their peers who simply completed high school, workers with certificates or diplomas make 17% more money on average.
Employees with bachelor’s degrees make 24% more money than those who were only able to obtain a certificate or diploma.
Master’s degree holders receive incomes that are 29% more than those with a Bachelor’s degree. The average salary for Ph.D. holders is 23% more than that of Master’s degree holders when working in the same field.
We have shown the salary range for information technologists in this article. Read through it well to know more about the salary ranges.