Average Fixed Assets Administrator Salary in Libya for 2024
In this article, we will look at the average Fixed Assets Administrator salary for 2024 in Libya and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!
The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.
All salary information is in the local currency, which is the Libyan dinar. To keep things simple, we are using the LYD currency code instead of the currency symbol ู.ุฏ.
How Much Does a Fixed Assets Administrator Make in Libya?
A Fixed Assets Administrator working in Libya will typically earn around 19,980 LYD per year, and this can range from the lowest average salary of about 9,460 LYD to the highest average salary of 35,300 LYD.
These are average salaries for a Fixed Assets Administrator in Libya and include benefits such as housing and transport. It's also possible for a Fixed Assets Administrator to earn more or less than the average salaries shown above.
Fixed Assets Administrator salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.
Distribution of Fixed Assets Administrator Salaries in Libya
So we've looked at the average salaries a Fixed Assets Administrator will earn in Libya. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Fixed Assets Administrator can earn between 9,460 LYD and 35,300 LYD on average in Libya. This is known as the range in statistics.
The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.
Median salary
The median salary for a Fixed Assets Administrator in Libya is 24,280 LYD. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 24,280 LYD, and 50% of the population earn more than 24,280 LYD.
If you are earning more than the median salary, that's a good indicator that you are being paid well.
If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).
Percentiles
Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.
For the average Fixed Assets Administrator salary in Libya, 25% of the population are earning less than 15,880 LYD while 75% of the population earn more than 15,880 LYD.
75% of the population earn less than 31,380 LYD, and 25% of the population earn more than 31,380 LYD.
Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.
The difference between a median and an average salary
The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.
- If your salary is higher than the average and the median salary, you are earning well compared to others.
- If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
- If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.
Fixed Assets Administrator Salary by Experience Level in Libya
The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.
We have researched the average fixed assets administrator salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.
- 0 - 2 Years Experience. A Fixed Assets Administrator in Libya that has less than two years of experience can expect to earn somewhere in the region of 10,080 LYD.
- 2 - 5 Years Experience. With two to five years of experience the average Fixed Assets Administrator salary would increase to 13,100 LYD.
- 5 - 10 Years Experience. From five to ten years of experience as a Fixed Assets Administrator, the average salary would be 23,400 LYD.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 26,500 LYD.
- 15 - 20 Years Experience. A Fixed Assets Administrator with 15 to 20 years of experience can earn an average of 29,320 LYD.
- 20+ Years Experience. For a Fixed Assets Administrator with more than 20 years, the expected average salary increases to 33,120 LYD.
Average Salary by Experience Chart
0-2 Years |
10,080 LYD
|
|
2-5 Years | +34% |
13,100 LYD
|
5-10 Years | +48% |
23,400 LYD
|
10-15 Years | +22% |
26,500 LYD
|
15-20 Years | +9% |
29,320 LYD
|
20+ Years | +8% |
33,120 LYD
|
Fixed Assets Administrator Salary by Education Level in Libya
As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?
In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.
The salary you can earn based on your education is very specific to both your location and the career path you choose.
In our research, we looked at the average salary for a Fixed Assets Administrator in Libya based on the education level of the employees in order to find out whether a better education level would increase your salary.
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High School. A Fixed Assets Administrator in Libya with a high school education can earn an average salary of 12,000 LYD.
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Certificate or Diploma. A Fixed Assets Administrator in Libya with a certificate or diploma education can earn an average salary of 16,400 LYD.
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Bachelor's Degree. A Fixed Assets Administrator in Libya with a bachelor's degree education can earn an average salary of 24,820 LYD.
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Master's Degree. A Fixed Assets Administrator in Libya with a master's degree education can earn an average salary of 31,940 LYD.
Average Salary by Education Chart
High School |
12,000 LYD
|
|
Certificate or Diploma | +18% |
16,400 LYD
|
Bachelor's Degree | +45% |
24,820 LYD
|
Master's Degree | +31% |
31,940 LYD
|
How Much is a Master's Degree or MBA Program?
The approximate cost of a master's degree or post-graduate program like an MBA in Libya is around 11,400 to 34,300 LYD and takes two years to complete.
As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.
It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.
Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.
Fixed Assets Administrator Salary Compared by Gender
In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.
In Libya, a male fixed assets administrator will earn an average of 23,660 LYD, while a female fixed assets administrator will earn around 19,020 LYD.
This means that a male fixed assets administrator earns approximately 24% more than a female fixed assets administrator for performing the same job.
Average Salary by Gender Chart in Libya
Male |
23,660 LYD
|
|
Female | -24% |
19,020 LYD
|
Fixed Assets Administrator Average Pay Raise in Libya
In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.
From our research, we can see that the average pay raise for a Fixed Assets Administrator in Libya is around 8% every 27 months.
The national average pay raise across all professions and industries in Libya is around 5% every 28 months.
In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.
To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:
Annual Increase = ( Increase Rate ÷ Months ) × 12
So for this example, it would be:
Annual Increase = ( 8 ÷ 27 ) × 12 = 4%
What this means is that a Fixed Assets Administrator in Libya can expect to receive an average pay raise of around 4% every 12 months.
Annual Pay Raise by Industry in Libya for 2024
In the chart below, you can see the average annual pay raise percentages for each of the major industries in Libya.
You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.
Banking |
5%
|
|
Energy |
1%
|
|
Information Technology |
6%
|
|
Healthcare |
2%
|
|
Travel |
7%
|
|
Construction |
3%
|
|
Education |
8%
|
Fixed Assets Administrator Bonus and Incentive Rates in Libya
Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.
Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.
A Fixed Assets Administrator is a low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.
59% reported that they had not received any bonuses in the previous 12 months.
For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 2% to 7%.
Received Bonus |
41%
|
|
No Bonus |
59%
|
What are the Types of Bonus?
There are a number of difference types of bonus you can receive in a job. Including:
- Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
- Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
- Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
- Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.
Government vs Private Sector Salaries
Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.
Public sector employees in Libya earn approximately 5% more than private sector employees in the same role.
Public Sector |
28,720 LYD
|
|
Private Sector | -5% |
27,300 LYD
|
Salaries for Jobs Similar to a Fixed Assets Administrator
In the table below, we have salary information for jobs that are similar to a Fixed Assets Administrator in Libya.
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