What is the Average Salary in Nepal? And its Minimum Wage

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Is it possible to imagine what the economy of Nepal is like and what the workers earn?

 

Nepal, a country full of cultures and history, is also a place of people making a living and contributing to its growing economy.

 

The average salary in Nepal is 80,985 NPR per month, which is approximately equivalent to 611.34 USD.

 

In this article, we explore detailed information about how much people usually earn in Nepal what the standard wage is acceptable as the lowest wage, and various factors that influence the average salary in Nepal!

Table of Contents

What is the Average Salary in Nepal?

 

According to the Government of Nepal Ministry of Labor, Employment and Social Security, the average monthly salary in Nepal is around 80,985 NPR, which is approximately equivalent to 611.34 USD.

 

The average annual salary in Nepal is around 971,950 NPR, which is equivalent to 7337.06 USD.

 

The average hourly wage in Nepal is around 470 NPR, which is roughly 3.55 USD.

 

Minimum Wage in Nepal

 

The minimum wage is the least amount an employer legally can pay a worker in an hour. It is established by the government so that all workers whether skilled or unskilled attain a just and minimum standard of living.

 

According to the Government of Nepal Department of Labor and Occupational Safety, the minimum wage in Nepal is 20,350 NPR, approximately 153.62 USD.

 

Median Salary

 

According to Salary Explorer, the median salary in Nepal is around 73,400 NPR, which is equivalent to 554.08 USD.

 

This data gives information about the economy of Nepal and is an important factor in understanding Nepal’s revenue-earning potential as well as the living costs. These figures are crucial for companies, leaders, and individuals who want to make informed decisions about salaries, savings, and budgets.

 

Maximum Wage

 

The maximum wage in Nepal is around 360,000 NPR, which is equivalent to 2717.57 USD.

 

This shows an increasing income inequality in Nepal, where certain people make far more money than others. It is essential to understand and find solutions to this wage gap if the country’s goal is to work towards a harmonious society and economic equality.

 

Factors that Influence the Average Salary in Nepal

 

There are mainly two factors that influence the average salary in Nepal. They are:

 

Industry

 

The industry is one of the factors that influences the average salary in Nepal. The list of different industries and the average salaries are listed below:

Industry Average Salary (per month) Average Salary (per year)
Engineering
68,500 NPR
821,000 NPR
Information Technology (IT)
83,200 NPR
998,000 NPR
Health and Medical
120,000 NPR
1,440,000 NPR
Accounting and Finance
83,800 NPR
1,010,000 NPR

Source: Salary Explorer

 

City

 

In Nepal, the average salaries also vary according to the cities. The list of two different cities and their average salary difference is shown below:

City Average Salary (per month) Average Salary (per year
Kathmandu
87,300 NPR
1,050,000 NPR
Pokhara
81,000 NPR
972,000 NPR

Source: Salary Explorer

Top 10 Highest-paying jobs in Nepal

 

Here is the list of the top 10 highest-paying jobs in Nepal according to Salary Explorer:

 

Surgeons/ Doctors

 

The average salary for Surgeons/ Doctors in Nepal is around 300,000 NPR per month which is equivalent to 2264.64 USD.

 

Because of the critical necessity and high-risk nature of their work, surgeons are among the highest-paid professionals. Their position requires a great deal of experience and a long educational path, both of which are necessary for them to be able to make a good living.

 

Judges

 

The average salary for Judges in Nepal is around 252,000 NPR per month which is equivalent to 1902.30 USD.

 

As their position involves such strong responsibility, judges are paid heavy salaries. Handling critical decisions that impact people’s lives is a heavy responsibility, which explains why they are paid so much.

 

 

Lawyers

 

The average salary for Lawyers in Nepal is around 204,000 NPR per month which is equivalent to 1539.96 USD.

 

The primary reason that lawyers earn a high salary is that their clients view them as valuable. A skilled lawyer may help their clients save or make huge amounts of money, and in certain situations, even avoid horrible outcomes like lifelong penalties.

 

Bank Managers

 

The average salary for Bank Managers in Nepal is around 204,000 NPR per month which is equivalent to 1539.96 USD.

 

Being a bank manager requires having to supervise huge amounts of money and investments, not including the risks related. This crucial position requires a significant salary corresponding with the degree of responsibility involved since it requires careful attention to detail and creative decision-making.

 

Chief Executive Officers

 

The average salary for Chief Executive Officers in Nepal is around 180,000 NPR per month which is equivalent to 1358.78 USD.

 

CEOs are primarily in charge of whether an organization as a whole succeeds or fails. The huge amount of their power and the natural risks of their position justify their large salary.

 

Chief Financial Officers

 

The average salary for Chief Financial Officers in Nepal is around 168,000 NPR per month which is equivalent to 1268.20 USD.

 

Any job involving financial management is immediately eligible for a high salary. Chief Financial Officers manage expenditures, revenues, costs, and budgets, all of which have an immediate effect on how an organization operates.

 

Orthodontists

 

The average salary for Orthodontists in Nepal is around 162,000 NPR per month which is equivalent to 1222.91 USD.

 

Due in large part to the fact that people are prepared to pay a high price for their services, dentists belong to the highest-paid professionals.

 

College Professors

 

The average salary for College Professors in Nepal is around 144,000 NPR per month which is equivalent to 1087.03 USD.

 

Among the most respected and well-paid occupations are those of college teachers. Their excellent wages are a result of the dedication and determination needed to attain the position.

 

Pilots

 

The average salary for Pilots in Nepal is around 120,000 NPR per month which is equivalent to 905.86 USD.

 

Among the few professions on the list that give you excitement is becoming a pilot. However, their field of work requires thorough education and continuous responsibility for the safety of many passengers every day.

 

Marketing Directors

 

The average salary for Marketing Directors in Nepal is around 108,000 NPR per month which is equivalent to 815.27 USD.

 

Directors of marketing have an important part in generating extra revenue opportunities for their companies. Their excellent salaries are supported by their active role in promoting business growth.

 

 

 

Cost of living in Nepal

 

Although becoming primarily dependent on tourism, Nepal has a friendly and resourceful population that offers many chances for personal conversations and cultural exchange.

In Nepal, people continue to live simple lifestyles and have a lower quality of living than in more developed countries.

Travelers should lower their expectations for Nepal in terms of shopping, a night out, and other facilities that are generally available in more advanced countries.

Interestingly, Nepal’s gap in income is fairly small, which develops a sense of friendship and communal stability among its citizens.

 

Housing Costs

 

  • A one-bedroom apartment in the city center rents from 8000 NPR to 50000 NPR monthly, while outside the city center, it can be between 5500 NPR and 25000 NPR.
  • For three-bedroom apartments in the city center, the rents range from 20,000 NPR to 100,000 NPR, whereas outside the center, the rents range from 13,000 NPR to 50,000 NPR.
  • The cost in the city center per square meter to purchase an apartment will be around 259,125.85 NPR, whereas outside the center it will be approximately 140,979.29 NPR.

 

 Food and Grocery Expenses

 

  • The Nepalese food market is fee-based but the prices may differ based on the locality, seasonality, and other factors.
  • For instance, a mid-range restaurant with three courses for a meal for two people costs from 1,500 NPR to 5,000 NPR (depending on what you order).
  • The prices of basic grocery products like milk, bread, rice, eggs, etc. may range from 40 NPR to 2000 NPR which in turn is determined by the quantity and quality of the item.

 

Transportation Costs

 

  • Transport expenditures in Nepal include payment for public transport, taxi services, and petrol costs.
  • This is the cost of a one-way ticket for local transport which is between 20 NPR and 50 NPR and for taxi fares starts at 150 NPR for normal tariffs.
  • The pricing of gasoline is 175.81 NPR per liter, and the costs of purchasing new cars are 3,200,000 NPR to 7,500,000 NPR according to the model and features.

 

Utilities and Communication

 

  • The prices of utilities such as electricity, heating, cooling, water, and garbage for a typical apartment in the capital start at 2,125 N₨ and go up to 15,000 N₨ per month.
  • Calls and data plans for mobile phone users are usually the most expensive, ranging from 500 N₨ to 1,000 N₨ monthly.
  • Internet services with speeds of about 60 Mbps and unlimited data are between 1,000 N₨ to 2,000 N₨ per month.

 

Additional Expenses

 

  • The health care services costs vary, with a regular doctor’s visit coming at 500 N₨ to 1,000 N₨, and a consultation specialized to cost between 1,500 N₨ and 3,000 N₨.
  • Leisure and entertainment activities like a cinema ticket or membership in a fitness club, can vary from 350 N₨ ​to 5,000 N₨ on a month-to-month basis.
  • The cost of childcare differs greatly, depending upon the preschool fee and international school tuition charges. These can be 5000 N₨ to 25000 N₨ monthly for preschool or 150000 N₨ to 1200000 N₨ per year for international primary school.

Is Nepal a good place to outsource?

 

With a special combination of cultural background and natural beauty, Nepal is now emerging as a hotspot for outsourcing. Here’s why:

 

Skilled Workforce

 

Nepal is home to a growing number of professionals who are good at their jobs, especially in IT, software development, and customer services.

 

Nepalese employees are known for their adaptability, diligence, and desire to learn. These skills make them a suitable choice for outsourcing tasks.

 

Cost-Effectiveness

 

The labor cost in Nepal is much lower as compared to many of the Western countries which is another good reason for businesses to choose it due to cost reduction.

 

By offshoring to Nepal, companies get to enjoy quality services at reasonable prices without sacrificing the level of quality.

 

Cultural Compatibility

 

As Nepalese culture has many common features with Western countries, it builds the basis of smooth communication and collaboration between the outsourcing partners from both sides.

 

In Nepal, some people work hard and give their best to quality work which foreign clients are generally looking for.

 

Government Support

 

The Nepalese government has been taking steps to appeal for outsourcing and to draw foreign investment. The businesses will be supported and offered incentives by the government.

 

It is the educated labor force, low cost, cultural compatibility, and government assistance that makes Nepal a tempting country to outsource.

 

Apart from capitalizing on Nepal’s outsourcing possibility, companies are also able to boost production and efficiency when they use Time Champ Employee Productivity Software.

Employee Productivity Monitoring

 

The management of employees’ activities makes use of time and assets better, leading managers to learn how to eliminate inefficiencies and which areas need improvement.

 

Using employee tracking of workflow and tasks, companies can better understand the productivity of each individual and team. This results in better resource allocation, project management, and an overall increase in productivity.

 

 

Project Management

 

Implementation of project management tools that will make workflow more effective and enhance collaboration among team members is essential for streamlining the processes.

 

Project management software helps distribute responsibilities, meet deadlines, and communicate effectively. This, in turn, guarantees that projects are concluded on time and within the budget.

 

Automated Attendance and Leave Management

 

Automating attendance recording and leave processing automates administrative work and minimizes possible human errors and inconsistencies.

 

Through automation of attendance sheets and leave requests, business units can reduce the time and effort spent on paperwork to eliminate it.

 

Automated systems allow managers to get instant access to attendance information and leave balances, thus, they can make informed decisions in due time and become better in resource planning.

 

Task Tracking and Productivity Reports

 

Businesses get the chance to see employee task tracking progress and productivity levels, consequently identifying patterns and trends, and as a result, making data-driven decisions and appraising performance.

 

With the help of productivity reports, managers can analyze the performance of employees and teams and identify the top performers or zones that need to be improved.

 

Ready to maximize the efficiency of your outsourced team effortlessly? Sign up for Time Champ today to simplify management and unlock their full potential!

 

Conclusion and Final Thoughts

 

In conclusion, Nepal provides an attractive financial climate with a range of salaries and room for development. The employees there are highly skilled and have a rich cultural background, making it an ideal location for outsourcing.

 

Are you ready to increase productivity and completely change the way you work with outsourcing? Schedule a free demo of Time Champ to promote your business to new goals!

 

Also Read

 

Best Project Management Software

 

What is moonlighting? and how to prevent it

 

12 Benefits of Outsourcing Your Business Operations

 

Average Salary in India: Factors and Comparision

 

Average Salary In Pakistan and Outsourcing Trends

 

Average salary in the Philippines

 

 

FAQ’s

The monthly average wage in Nepal is roughly 80,985 NPR, with 611.34 USD being equivalent to it. These two figures provide a quick view of the income levels in Nepal. However, these figures can vary considerably in relation to the factors such as industry, job roles, educational levels, and geographical divisions within the country. Although some professions may have higher payments, most of them could be less then it via this figure.

The minimum wage in Nepal, as per the Government of Nepal Department of Labor and Occupational Safety, is usually paid in NPR 20,350 per month or 153.62 USD per month. This minimum wage serves the purpose of making sure that all types of workers at any skill level receive equal and fair compensation, which helps them take care of their simple but very vital needs such as food, shelter, and healthcare.

Several conditions are responsible for the average salary of Nepal, among them is the area of industrial activities, geographical locations, educational background or job experience, and the current economic conditions. Technology-oriented industries, including engineering, IT industries, healthcare and medical profession, and financial services tend to pay higher salaries compared to other sectors of the economy.

Surgeons/Doctors, Judges, Lawyers, Bank Managers, Chief Executive Officers, Chief Financial Officers, Orthodontists, College Professors, Pilots, and Marketing Directors are among the top 10 highest-paying jobs in the country of Nepal. Such occupations are usually of a high degree of demand, require a high level of training, and involve a great deal of responsibility, and therefore they get high salaries.

Time Champ automates the managerial processes, improves teamwork, understands the labor achievements, and therefore, consequently, by the end of the day, the efficiency and productivity in the outsourcing of operations are increased.

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