Government raises salaries within its reach

Lowest wage impacts the population and firms differently.

Minimum wage also impacts surcharges for night and weekend work.Minimum wage also impacts surcharges for night and weekend work. (Source: Sme)

While the average wage depends on economic development, the state has an impact on the minimum wage, which is decided upon by a tripartite, consisting of employers, trade unionists and public prosecutors.

If the tripartite does not agree on the wage level for a given year, the decision is made by the government alone. This has become a trend in recent years.

Minimum wage negotiations for 2019 led to a disagreement between trade unionists, who wanted to increase it to €635 per month, or €3.649 per hour, and the National Union of Employers, who proposed increasing minimum wage to €502 per month, or €2.885 per hour. Later, the Labour Ministry submitted a draft to increase the minimum wage for 2019 to €520 per month, or €2.989 per hour, the Etrend.sk website reported.

This €40 increase would lead to a year-on-year increase of 8.33 percent. After tax, the employee earns €430.35, or a 6.74-percent higher net wage.

Lower limit impacts

Minimum wage impacts the population and firms differently, especially during the economic expansion currently taking place in Slovakia.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

Illustrative stock photo

Green pass is not enough. Some people will need to take a test when going to hospitals

The Sme daily sums up conditions for hospitalisations, hospital visits and treatment.


29m
Brothers Peter and Pavol Hochschorners competed for the last time.

The golden era ends. Several water slalom legends retire from sport

The recent world championships in Čunovo marked the end of six Olympic medallists' careers. Others may follow next year.


56m
Illustrative stock photo

Healthcare staff want better salaries but cannot go on strike

Representatives of healthcare professions have signed a declaration with a number of demands.


23. sep
No single list of foreigners who are entitled to vote in Slovakia exists.

It is a simple question. How many foreigners vote in Slovakia?

The million-dollar question the state and towns can hardly answer.


24. sep
Skryť Close ad