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Monthly minimum gross wage Monthly net minimum wage Monthly gross minimum wage Hourly rate Effective per Foo 10 10 Belgium: €2029.88 [3] - €2029.88 €12.11 1 April 2024 Bulgaria: 1080 lev (minimum wage is fixed at an hourly rate) [4] €446.00 [5] €553.00 €3.45 [6] 1 January 2025 Croatia: €840.00 [7] €677.00 [8] €840.00 €5.25
Appearance. The following list provides information relating to the minimum wages (gross) of countries in Europe. [ 1 ][ 2 ] The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), [ 3 ] Belgium (38 hours), [ 4 ] United Kingdom (38 hours), [ 3 ] Germany (38 hours), [ 5 ...
The countries and territories on the map have a net average monthly salary (adjusted for living costs in PPP) of: Purple. above $4,000. Green. $3,000 to $3,999. Blue. $2,000 to $2,999. Orange. $1,499 to $1,999.
The federal minimum wage in the United States has been $7.25 per hour since July 2009, the last time Congress raised it. [ 45 ] Some types of labor are exempt: Employers may pay tipped labor a minimum of $2.13 per hour, as long as the hour wage plus tip income equals at least the minimum wage.
Minimum wage rates vary greatly across many different jurisdictions, not only in setting a particular amount of money—for example $7.25 per hour ($14,500 per year) under certain US state laws (or $2.13 for employees who receive tips, which is known as the tipped minimum wage), $16.28 per hour in the U.S. state of Washington, [29] or £8.91 ...
Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees.
Direct labor cost. Direct labor cost is a part of wage-bill or payroll that can be specifically and consistently assigned to or associated with the manufacture of a product, a particular work order, or provision of a service. Also, we can say it is the cost of the work done by those workers who actually make the product on the production line.
Real wages. Real wages are wages adjusted for inflation, or, equivalently, wages in terms of the amount of goods and services that can be bought. This term is used in contrast to nominal wages or unadjusted wages. Because it has been adjusted to account for changes in the prices of goods and services, real wages provide a clearer representation ...