Do you know that the interprofessional minimum wage has increased by 47% in the last five years? If you have a company or are a self-employed person with employees under your supervision, you need to know the latest news on the interprofessional minimum wage in Spain to apply it correctly, as it may involve changes in payrolls and contributions. In this post we resolve the main doubts.
Table of Contents
What is the interprofessional mi Fax Lists nimum wage?
Minimum wage in Spain for 2023
What is the minimum wage in other European countries?
What changes does the 2023 SMI mean for companies?
Frequently asked questions about the interprofessional minimum wage in Spain
What is the interprofessional minimum wage?
The interprofessional minimum wage is the minimum amount of compensation that a worker will receive for a legal day of work . It is established by the Government each year after consultation with the most important Trade Union Organizations and business associations. To define the SMI, the Government considers several aspects:
The general economic situation of the country.
Average productivity in Spain.
The increase in the CPI.
The increase in national income.
Minimum wage in Spain for 2023
In 2023 the minimum interprofessional salary , set by Royal Decree 99/2023, of February 14, which sets the minimum interprofessional salary for 2023 , has increased to 1,080 gross euros per month in 14 payments (1,260 in 12 payments). . Article 1.1 of the Royal Decree establishes the following:
The minimum wage for any activities in agriculture, industry and services, without distinction of sex or age of the workers, is set at 36 euros/day or 1,080 euros/month, depending on whether the wage is set by days or by days. months.
Furthermore, article 1 and following of the aforementioned Royal Decree establish that:
Only monetary remuneration is computed in the minimum wage.
The salary refers to the legal working day of each activity, without including, in the case of the daily salary, the proportional part of Sundays and holidays.
Salary supplements will be added to the minimum wage.
It is important to highlight that the new amount represents a salary increase in the SMI in 2023 of 8% compared to 2022.
On the other hand, according to the report Salaries. Impact of the increase in the SMI on Spanish SMEs prepared by CEPYME, the SMI went from the equivalent of 44% of the average salary in Spain to 60% in just over four years.
According to the report by the Workers' Commissions, Analysis of the impact of the increase in the SMI to 10.80 euros , the main beneficiary of the increase is a woman between 16 and 34 years old with a temporary contract who works in agriculture or in the service sector and who lives In Andalucia .
The SMI for casual and temporary workers is set at 51.15 euros per day and for domestic employees at 8.45 euros per hour worked.