As minimum wage is understood as the lowest amount that can be paid to the employee for his full time work. Approximately 4% of people in Slovakia work for minimum wage. The minimum monthly wage is given by law and in 2018 it is 480 euro. That is 2,759 euro per every hour of provided work. In 2017 the minimum wage was 435 euro and the minimum hourly wage was 2,50 euro. The Slovak Labour Code specifies some additional fees for overtime, work at night, work at state holidays, etc. Your are entitled for additional fee for work at night if you work at night. As night work is considered time from 22:00 until 06:00. Some work is more difficult and therefore their coefficient is higher as well as the minimum wage. (minimum wage is multiplied by the coefficient of the relevant job position) The given minimum wage is understood as gross minimum wage. From this amount the taxes and contributions shall be paid. Following these deduction, the net amount shall be 403 euro.
The lowest possible monthly wage varies from the country. In the European Union the highest minimum wage is in Luxembourg and the lowest minimum wage is in Bulgaria. In some states the minimum wage is not given. the minimum wage in Slovakia increases every year. F.e. in 2017 the minimum wage was 435 euro, in 2018 it is 480 euro, and in 2019 it shall be 520 euro. In the below given tab you can see how the minimum monthly and hourly wage varies.
|Minimum wage – year||Monthly wage||Hourly wage|
|2018||480 €||2,759 €|
|2017||435 €||2,50 €|
|2016||405 €||2,328 €|
|2015||380 €||2,184 €|
|2014||352 €||2,023 €|
|2013||338 €||1,941 €|
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