Average Salary in Lesotho 2024

Exploring Salary Dynamics in Lesotho: Unveiling Pay Scales, Wage Gaps, and Yearly Increments. Gain valuable insights into the salary landscape of Lesotho as we delve into the pay scales across different industries, uncover the wage gaps that exist between various professions, and analyze the intriguing trends of yearly salary increments. Furthermore, discover how education level and years of experience contribute to salary breakdown, offering a comprehensive understanding of the earning potential in this vibrant African nation. Stay informed with this definitive article providing crucial information for both employers and employees seeking to navigate Lesotho's salary structure effectively.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Lesotho in 2024?

What is the average salary in Lesotho in 2024?
830USD
(USD 9,900 yearly)
Low 370 USD
Average 830 USD
High 3,700 USD
The typical earnings in Lesotho amount to around USD 830 per month. However, the salary spectrum extends from as low as USD 370 (lowest average) to as high as USD 3,700 (highest average, actual maximum salary is higher). Please note that this includes housing, transport, and other benefits. Salaries can vary greatly among different careers. If you are curious about the salary of a particular job, please see the information on specific job titles below.
In comparison with average salary in Lesotho in 2023, salaries changed by +0.5% so far. Looking ahead, economists project a gradual recovery in the job market. Full comparison 2023 and 2024 we are able to do it at the end of this year.

Pay Scale and Salaries in Lesotho

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 3,700, 75% of the people earn USD 1,200 or less. 50% employees earn less USD 800 or less, 25% of the employees earn less than USD 600.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 3,700, 75% of the people earn USD 1,200 or less. 50% employees earn less USD 800 or less, 25% of the employees earn less than USD 600.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Lesotho the minimum salary is USD 370.

Median Salary

Median Salary represents the middle point of all salaries in a dataset, with half of the values above and half below it. It provides a more balanced view of income distribution, making it less sensitive to extreme values, and is commonly used to gauge average earnings in various professions and industries. In Lesotho the median salary is USD 650.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Lesotho the salary ranges from USD 370 to USD 3,700.

Annual Salary Increments in Lesotho

What is the average annual salary increment in the Lesotho? How frequently do employees receive salary raises?

In 2024, the average salary increase for employees in Lesotho was around 0.5%. It's important to highlight that this figure is an average across all job sectors. Globally, the average for 2024 is 0.5%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024, Lesotho employees received an average salary increase of 0.5%. It's essential to note that this is an average figure across all job sectors. Globally, the average salary increment for 2024 is 0.5%.

Historical Graph of Annual Salary Increments in Lesotho

Within the past years, employees in Lesotho have seen their salaries increase by an average of 2.1% per year. This encompasses a range of 0.5% to 4.3% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
In the past years, employees in Lesotho have seen their salaries rise by an average of 2.1% per year. The increment ranges from 0.5% to 4.3% per year on average.

Salary Forecast and Trends for the Future in Lesotho

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.8%. Estimated range is between 1.5% and 4.3%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.8%. Estimated range is between 1.5% and 4.3%.

Gender Wage Gap in Lesotho

What is the difference in pay between mens and womens? Men vs. women salary comparison.

Lesotho has an actual wage gap of 8.0%.Download chartGet chart linkShare on FacebookShare on Twitter
Actual wage gap in Lesotho is 8.0%.
It's due to many factors, such as:
  • Gender bias.
  • On average, women take 10% extra days of paid vacation per year compared to men.
  • Women are underrepresented when it comes to having a college degree compared to men.
  • Compared to men, women are more likely to take on caregiving responsibilities for children and elderly relatives.
  • Women are more likely than men to work part-time, and part-time workers typically earn less than full-time workers.
  • Occupations with lower pay are predominantly filled by women rather than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and attaining a bachelor's degree yields a host of benefits. Above all, it significantly enhances career prospects by increasing earning potential and broadening access to a greater variety of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

The completion of high school and the acquisition of a bachelor's degree bring about a wealth of benefits. Most importantly, they greatly improve career prospects, leading to higher earning potential and a wider range of job opportunities. Beyond financial advantages, pursuing a bachelor's degree fosters personal growth, hones critical thinking skills, and allows for specialization in a specific field of interest. It also provides valuable networking opportunities and encourages the development of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative endeavor that unlocks a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. is a testament to perseverance, intellectual curiosity, and a commitment to pushing the boundaries of human understanding, ultimately leading to a fulfilling and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 17%-21% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 7%-11%. Expertise and leadership garner higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 17%-21% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 17%-21% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 7%-11%. Expertise and leadership bring higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 17%-21% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Lesotho

What is the average hourly wage in the Lesotho?

Average Hourly Wage
5USD
Low 2 USD
Average 5 USD
High 21 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Dealing with irregular or fluctuating income from hourly wages can make it challenging to budget and plan for expenses.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks ordinarily related to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can interrupt work-life balance and make it hard to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity in hourly positions can increase as they are more susceptible to layoffs, downsizing, or changes in demand.
  • Limited career advancement: In certain cases, hourly positions may have limited prospects for career progression, professional development, or upward mobility within the organization.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Lesotho

What are the best paying jobs in Lesotho?

List with best paid jobs in LesothoDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Lesotho?

  1. Surgeon (USD 3,600)
  2. Doctor (USD 3,300)
  3. Chief Executive Officer (CEO) (USD 3,100)
  4. Registered Nurse Anesthetist (USD 3,100)
  5. Dentist (USD 2,900)
  6. Airline Pilot (USD 2,800)
  7. Intellectual Property Lawyer (USD 2,700)
  8. Marketing Manager (USD 2,400)
  9. Marketing Director (USD 2,400)
  10. Sales Director (USD 2,300)
  11. Sales Manager (USD 2,300)
  12. Petroleum Engineer (USD 2,300)
  13. Brand Manager (USD 2,200)
  14. Marketer (USD 2,200)
  15. Judge (USD 2,200)
  16. Treasurer (USD 2,100)
  17. Controller (USD 2,100)
  18. Pharmacist (USD 2,100)
  19. Tax Lawyer (USD 2,100)
  20. Lawyer (USD 2,100)
List with worst paid jobs in LesothoDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Lesotho?

  1. Cashier (USD 390)
  2. Childcare Worker (USD 410)
  3. Stock clerk (USD 420)
  4. Elder Care Worker (USD 420)
  5. Receptionist (USD 430)
  6. Bartender (USD 470)
  7. Food and beverage server (USD 470)
  8. Janitor (USD 480)
  9. Waiter (USD 480)
  10. Tour Guide (USD 490)
  11. Customer Service Representative (USD 590)
  12. Hotel Concierge (USD 590)
  13. Rehabilitation Counselor (USD 600)
  14. Travel Agent (USD 650)
  15. Secretary (USD 670)
  16. Painter (USD 690)
  17. Carpenter (USD 720)
  18. Bus Driver (USD 730)
  19. Artist (USD 740)
  20. Truck Driver (USD 750)
List with best paid industries in LesothoDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 2,300)
  2. Business and Management (USD 2,000)
  3. Marketing and Sales (USD 1,800)
  4. Engineering (USD 1,700)
  5. Law (USD 1,600)
  6. Accounting and Finance (USD 1,600)
  7. Computer and Information Technology (USD 1,600)
  8. Transportation and Logistics (USD 1,500)
  9. Science (USD 1,500)
  10. Education and Training (USD 1,300)
  11. Other (USD 910)
  12. Hospitality and Tourism (USD 760)
  13. Social Services (USD 620)
  14. Services (USD 570)