Luxembourg’s minimum wage increased by 1.1% at the start of 2019. Deleted: Since 1 January 2020, the unqualified minimum social wage has been €12,3815 per hour, which is equivalent to €2,141.99 gross per month for a full time job (40 hours/month) This salary may be reduced according to the person’s age (under 18 years of age). Naijaquest researched the list of  Countries With The Highest Minimum Wages In Europe presently. * Based on the average change in salary over time. The country is well known for making its mark in technology by housing important auto brands including Volkswagen. This page provides - Luxembourg Minimum Wages - … Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job. Located in the central region of Europe, Germany is a member of the European Union and one of the most powerful countries in the continent in terms of GDP growth and technological advancement. Officially known as the Kingdom of Spain, Spain is a country located in the Southwestern part of Europe. The capitalist form of economy in the country is the 14th largest worldwide and the 5th largest in the European Union. On an hourly basis, an employee in France receives the minimum wage of the sum of €9.88, and this amount to about €1,498.47 on a monthly basis. One major difference between salaried employees and hourly paid employees is overtime eligibility. Such bargains are legally suitable for implementation. Most of the countries paying the highest minimum wage have been known to have a stabilized economic situation. The median salary is 5,210 EUR per month, which means that half (50%) of the population are earning less than 5,210 EUR while the other half are earning more than 5,210 EUR. The legal working hours in Luxembourg are 8 hours per day and 40 hours per week. 6 simple ways for anyone to earn extra income, How to write the perfect resume (complete guide), 9 deadly resume mistakes that you must avoid. For those with a workweek of 40 hours, the hourly minimum wage for an employee who is 22 years old or above is €9.11. We wrote a guide to explain all about the different scenarios. © 2020 RTL Luxembourg. An employed citizen in the country gets about €869 on a monthly basis. This sum up to €1,998.59 on a monthly basis, however, a skilled individual of the same age enjoys about twenty percent (20%) increase in the minimum wage. This includes sub-minimal rates. Those who got bonuses reported rates ranging from 2% to 7% of their annual salary. Hourly jobs pay per worked hour. The minimum wage in 2019 is €1,593.80 a month, or €19,126 a year (taking into account 12 pay periods). Salaries vary drastically between different careers. Most countries have a nation-wide minimum wage that all workers must be paid. For those with lesser workweek and those within the age bracket of 15-22 years, the minimum wage is greater and varies from 30 to 85 percent of the official minimum wage respectively. The experience level is the most important factor in determining the salary. This includes sub-minimal rates. Luxembourg Continent Located: Europe; Minimum Wage: $14.12; A landlocked country in western Europe that shares borders with the likes of Germany, Belgium and France.

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