Journaldunet.com : Minimum Wage 2023: Its new amount since May 1st, 2023. In the face of soaring inflation, the minimum wage (Smic) was increased by 2.22% on May 1st. Discover how much you will earn each month.
Already raised by 1.8% last January, the legal minimum wage has been further increased by 2.22% on May 1st, 2023, according to an order published in the Official Journal on April 27th, 2023. This increase represents a net gain of 30 euros per month. The new amounts in effect are as follows:
- Net monthly minimum wage as of May 1st, 2023: 1,383.08 euros
- Gross monthly minimum wage as of May 1st, 2023: 1,747.20 euros
- Net hourly minimum wage as of May 1st, 2023: 9.11 euros
- Gross hourly minimum wage as of May 1st, 2023: 11.52 euros
This second increase in the minimum wage is automatic when the consumer price index increases by at least 2%, which was the case. It must also correspond to this increase, in this case, 2.22%.
The minimum wage, known as “Smic” or “salaire minimum interprofessionnel de croissance,” corresponds to the legal minimum hourly wage. In other words, an employee cannot receive an hourly wage lower than this threshold, regardless of the form of their remuneration, as explained by the Service Public website. Note: an employer who violates this rule may be subject to a fine of up to 1,500 euros. However, there are exceptions for apprentices and employees under 18 years old.
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What is the net amount of the minimum wage?
The minimum wage increased by 2.22% on May 1st, 2023, reaching 1,383 euros net per month. Thus, the hourly rate is 11.52 euros gross based on a 35-hour workweek. For minors, the hourly minimum wage is reduced: 9.22 euros gross for employees aged 16 and under, and 10.37 euros gross for employees aged 17.
What is the “Smic hôtelier”?
Collective agreements and company agreements can also define a minimum wage based on the job position. In this case, the higher statutory minimum wage (Smic) must be respected. For example, the term “Smic hôtelier” refers to the minimum wage practiced in the hotel industry. However, if the statutory minimum wage is higher than the minimum wage defined by the collective agreement, then the statutory minimum wage must be applied.
Conclusion:
In response to the rapidly increasing inflation, the minimum wage (Smic) has undergone two consecutive increases to mitigate its impact on workers’ purchasing power. On May 1st, 2023, the minimum wage was raised by 2.22%, following a previous increase of 1.8% in January of the same year. These adjustments aim to keep pace with rising living costs and ensure a fair compensation for employees. The new amounts indicate a net monthly minimum wage of 1,383.08 euros and a gross monthly minimum wage of 1,747.20 euros as of May 1st, 2023.
FAQs
Q: What is the net amount of the minimum wage after the increase?
A: After the increase of 2.22% on May 1st, 2023, the net monthly minimum wage is set at 1,383 euros.
Q: How much is the hourly minimum wage after the increase?
A: Following the increase, the gross hourly minimum wage stands at 11.52 euros based on a 35-hour workweek.
Q: Are there any exceptions to the minimum wage for certain groups of workers?
A: Yes, there are exceptions for apprentices and employees under 18 years old, who may receive a reduced hourly minimum wage. For employees aged 16 and under, the gross hourly minimum wage is 9.22 euros, and for employees aged 17, it is 10.37 euros.
Q: What is the “Smic hôtelier”?
A: The term “Smic hôtelier” refers to the minimum wage applicable in the hotel industry. It is based on collective agreements or company agreements, but if the statutory minimum wage (Smic) is higher than the minimum wage defined by these agreements, then the statutory minimum wage must be followed.
