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HomeLatest NewsThis is the new Minimum Wage based on hours worked in 2023

This is the new Minimum Wage based on hours worked in 2023

Date: May 20, 2024 Time: 10:06:51

The Minimum Interprofessional Salary in Spain rises to 1,082 euros gross per month divided into 14 annual payments, retroactively from January 1, 2023. This was announced by the Ministry of Labor Economy and Social Economy, led by Yolanda Díaz, last Tuesday, after reaching an agreement with the UGT and CCOO unions, although without the support of the CEOE. However, in the event that the salaried worker’s salary is divided into 12 payments, the Minimum Salary reaches 1,060 euros gross per month.

Now, how much is charged in the event that the employee performs a part-time job, that is, 20 hours a week? And in the event that specific functions are performed for a specific number of hours? In this case, it is convenient to take into account the salary tables that are detailed below. However, before continuing, it is important to take into account that the Workers’ Statute, in its article 31, includes the right of every worker to receive two extra or extraordinary payments a year.

Normally, they are charged in summer and at Christmas, although collective agreements may include other dates or even the right to three extraordinary payments. Likewise, the extra payments are not listed, but they do have personal income tax withholding. But who decides when they are prorated? Well, the Workers’ Statute indicates that it may be agreed in a collective agreement that extraordinary bonuses be prorated in the twelve monthly payments. This means that, initially, the bonuses are not paid prorated, unless the collective agreement allows it or it is expressly agreed with the worker, as long as the agreement does not prohibit it.

The Minimum Hourly Wage in 2023

Although it is true that it is not yet in force, and it is expected to be approved on February 14, the truth is that it does not matter when it does, since it has retroactive effects from January 1 of this year, therefore , the employee must pay the difference corresponding to the hired employee.

As for the profile of people affected by this increase, the trade unionist from Comisiones Obreras stated that “we are talking about a woman between the ages of 16 and 34, with a temporary contract and who works in the agri-food sector or in services”. In addition, it also impacts more among young people, since having less professional experience is more likely to be exposed to lower salaries. This will be the Minimum Salary divided into 12 payments, that is, 1,060 euros gross per month.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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