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Last updated: June 10, 2026
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Salary Recap
The average pay for an Ironworker Machine Operator is PAB 13,995 a year and PAB 7 an hour in Panama. The average salary range for an Ironworker Machine Operator is between PAB 10,510 and PAB 16,416. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Panama.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
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Salary Potential
Salary Potential
Estimated salary in 2031:
PAB 15,696
5 Year Change:
12 %
Shift Differentials
Shift Differentials
Calculate Your Shift Differential
If your job has pay differentials, see how much more you could be earning with our shift differential calculator.
Based on the average salary in the United States, if your pay differential is 10%, your pay will increase by PAB 0.67/hour
*some jobs may not have shift differentials, please contact [email protected] for additional information.
What Is Shift Differential Pay?
Shift differentials are used to adjust the compensation of an employee due to the time of day or the day of the week that the employee worked.
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This role may have pay shift differentials that could affect total compensation.
Utilize ERI's signature shift differential data to calculate pay for night shifts, day shifts, and swing shifts and benchmark compensation with confidence. With our robust database, you can accurately price jobs based on industry-specific shift differential policies. ERI compiles shift differential pay data based on salary survey data to help users find reliable compensation information.
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About Panama
Panama Cost of Living Score:
Description:
Panama, officially the Republic of Panama, is a country located at the southern end of Central America in North America, bordering South America. It is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south. Its capital and largest city is Panama City, whose metropolitan area is home to nearly half of the country's over 4 million inhabitants.
Before the arrival of Spanish colonists in the 16th century, Panama was inhabite...
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Salary Recap
The average pay for an Ironworker Machine Operator is PAB 13,995 a year and PAB 7 an hour in Panama. The average salary range for an Ironworker Machine Operator is between PAB 10,510 and PAB 16,416. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Panama.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
Powered by ERI's Database
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsIronworker Machine Operator Job Description
Description: Operates and prepares machine equipped with separate sections that cut-to-length, punch, and notch or trim structural shapes and plates. Positions specified punch and die set and turns pressure screws to lock them into ram and bed of machine to set up punching section. Positions specified cutting blades into cutting slot, and notching dies or shear blades into ram and bed of machine, and turns pressure or clamp screws to lock them in place to set up cutoff, and trimming-and-notching sections of machine. Measures work piece with rule or tape, or traces from template to locate holes or cutting lines as specified by work order, and marks them with scribe, soapstone, or center punch. Pulls lever to engage power to section used. Positions work piece into cutting slot, or under punch, die, or trim blade, and aligns punch or blade with layout marks. Pulls lever or depresses pedal to activate machine. Sets stops or positions guide jigs to specified point on built-in scale when several pieces are worked. May tend different sections of machine.
Take the guess work out of setting pay
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Ironworker Machine Operator
Ironworker Machine Operator
Ironworker Machine Operator
Ironworker Machine Operator
About Panama
Panama Cost of Living Score:
Description:
Panama, officially the Republic of Panama, is a country located at the southern end of Central America in North America, bordering South America. It is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south. Its capital and largest city is Panama City, whose metropolitan area is home to nearly half of the country's over 4 million inhabitants.
Before the arrival of Spanish colonists in the 16th century, Panama was inhabite...
Ironworker Machine Operator Job Description
Description: Operates and prepares machine equipped with separate sections that cut-to-length, punch, and notch or trim structural shapes and plates. Positions specified punch and die set and turns pressure screws to lock them into ram and bed of machine to set up punching section. Positions specified cutting blades into cutting slot, and notching dies or shear blades into ram and bed of machine, and turns pressure or clamp screws to lock them in place to set up cutoff, and trimming-and-notching sections of machine. Measures work piece with rule or tape, or traces from template to locate holes or cutting lines as specified by work order, and marks them with scribe, soapstone, or center punch. Pulls lever to engage power to section used. Positions work piece into cutting slot, or under punch, die, or trim blade, and aligns punch or blade with layout marks. Pulls lever or depresses pedal to activate machine. Sets stops or positions guide jigs to specified point on built-in scale when several pieces are worked. May tend different sections of machine.
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
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National Compensation Forecast April 2026
ERI examines trends in compensation movement and the labor market to provide guidance on increases for the upcoming year.
Read More
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Discover how organizations are changing their compensation and workforce practices when it comes to remote work and organizational culture.
Read More
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Understand economic market trends globally to better inform your compensation planning in 2026.
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