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Government raises salaries within its reach

Lowest wage impacts the population and firms differently.

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.

Read more: What are the risks of increasing the minimum wage? How will salaries of state employees change?

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Topic: Career and HR


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