INFORMATION 03/02/2024 - NATIONAL MINIMUM WAGE FOR 2024
Dear Customer,
Decree-Law nr 107/2023 set the value of the national minimum salary for the year 2024 at €820, with effect from January 1st. Since this value is a reference point for the salary processing of many of the country's micro and small companies, I leave you below several simulations that can demonstrate what the real impact of the national minimum salary will be from next year.
Uma vez que este valor é um ponto de referência para o processamento salarial de muitas das micro e pequenas empresas do país, deixo-vos abaixo várias simulações que podem demonstrar qual será o impacto real do salário mínimo nacional a partir do próximo ano.
SCENARIO A: national minimum salary with no twelfths of allowances and no food allowance
The worker receives a total amount of €729.80 and the real cost of the company corresponds to €924.55.
SCENARIO B:national minimum salary + twelfths of holiday allowances and Christmas allowances + food allowance paid by transfer (€6/day)
The worker receives a total amount of €983.43 and the real cost of the company corresponds to €1,210.64..
SCENARIO C: national minimum salary + twelfths of holiday allowances and Christmas allowances + food allowance paid by meal card (€9.60/day)
The worker receives a total amount of €1,062.63 and the real cost of the company corresponds to €1,289.84.
It should also be noted that despite the increase in the national minimum salary, it is also important to take care of salary values whose basic salary is higher than the minimum salary, given that as a general rule this increase will have an impact on the average value of workers' remuneration in Portugal: it is expected that in 2024 there will continue to be a general trend towards increased costs related to payroll processing (the view I shared in previous speeches is confirmed, as it is shown that the increase in this structure of fixed costs for companies is already set at 8% for next year).
As the month of December is usually a time of reflection and planning for the growth of the year 2024, I believe that this information will be useful mainly for companies whose impact of salary costs has greater relevance in the structure of fixed expenses.
FINAL NOTE:In some cases, we feel a persistent difficulty in obtaining in a clear and timely manner the information regarding the admissions of new employees, necessary changes to the processing of salaries (such as situations of absences or sick leaves), as well as the legal formalities necessary for the termination of the contract. The fulfillment of these legal obligations has very strict rules and sometimes we do not even know the specific date on which the worker will perform his duties or the reason of a legal nature that must be indicated for the end of the contractual relationship... The collaboration of our customers is extremely important so that this information reaches our services in the correct and timely manner.
