Minimum wage is the lowest amount a worker can be legally paid for his work. Minimum wage figures are gross (pre-tax) rates for full time work (+23 years old) and exclude any 13th or 14th month payments that may be due under national legislation, collective agreements, custom or practice.
| 2011 | 2012 | |||
| Monthly minimum wage (EUR) |
Monthly minimum wage | Monthly minimum wage (EUR) |
Hourly rate | Hourly rate (EUR) |
| 690.70* | 748.10 net eur** | 485.00 | 4.42 eur | 4.42 |
The calculations are based on the assumption of a 40-hour working week and a 52-week year. Currency conversions from non-euro currencies are based on the exchange rates available on 29 June 2012.
* From 2010 the minimum wage is set in terms of normal net take home pay.** All companies required to pay rate wf 01.01.2012
Source: Eurostats, FedEE, Wiki
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