minimum wage. The amount of the minimum wage will be increased from May 1, 2023, as announced by Prime Minister Elisabeth Borne during a trip to Eure-et-Loir.
[Updated April 14, 2023 12:53 p.m.] Visiting a supermarket in Eure-et-Loir this Friday, Prime Minister Elisabeth Borne announced a mechanical increase in the minimum wage “by just over 2%” from the 1st May 2023, while inflation reached 5.7% in March. She also called on companies to “renegotiate salary scales” in an attempt to support the purchasing power of the French. Currently, the amount su Smic reaches 1,709 euros. The net minimum wage has climbed to 1,353 euros since January 1. Finally, the amount of the hourly gross minimum wage is 11.27 euros. Be aware that an employer can be fined 1,500 euros if he pays the employee a remuneration lower than the Smic, as well as damages.
On the basis of a full-time job, 35 hours per week, an employee with the minimum wage earns 1,709.28 euros gross and 1,353.07 euros net (after compulsory deductions), for a net gain of 24 euros each months compared to August 2022, since Sunday, January 1, 2023. Here are all the minimum wage amounts to know at the start of the year:
The amount of the monthly net minimum wage has been set at €1,353.07 since January 1, 2023, compared to €1,329.05 at the beginning of August 2022, the date of the last revaluation. As a reminder, here is the evolution of the amount of the net monthly minimum wage in recent years:
Since January 1, 2023, the gross monthly minimum wage has reached 1,709.28 euros per month on the basis of 35 hours per week. As an indication, here is the evolution of the amount of the minimum wage since 2010:
The amount of the net hourly minimum wage is extremely variable. Keep in mind that the amount may vary from one payslip to another, due to the amount of social security contributions deducted from the gross hourly minimum wage. Since January 1, 2023, the amount of the net hourly Smic is approximately 8.92 euros.
The amount of the gross hourly minimum wage has been 11.27 euros since January 1, 2023, compared to 11.07 euros on August 1, 2022. As a reminder, the amount of the gross hourly minimum wage, in recent years, was set at:
The hourly rate of the Smic corresponds to the legal minimum hourly wage that the employee must receive. Deductions are however applicable in certain cases (apprentices and employees under the age of 18). This is the amount paid for one hour of work. The monthly minimum wage is calculated on the basis of 35 hours per week.
The amount of the annual Smic is obtained by multiplying the amount of the monthly Smic (above) by the number of months of the year, i.e. 12. Please note, if you benefit from a 13th month paid to your employer, this is not part of the calculation of the annual minimum wage. Referring to the new amount of the Smic 2023 valid since January 1, 2023, the net annual Smic amounts to 16,236.84 euros (1,353.07 x 12). For its part, the gross annual minimum wage climbs to 20,511.36 euros (1,709.28 x 12).
