Raising the minimum salary in Slovenia in 2022 – a decision in the second half of January
Raising the minimum salary in Slovenia in 2022 – the decision on the amount of the minimum wage will be made by the Minister of Labor in the second half of January 2022. Do you have any dilemmas regarding your salary? In this regard, you can contact our legal and tax consultans or send us an email to data@data.si.Do you also plan to set up a business in Slovenia? Call us on VIber/WhatsApp +386 30 640 995 and find out more!
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Raising the minimum salary in Slovenia in 2022 – must take into account data on rising consumer prices
The Minimum Wage Act obliges the Minister of Labor to announce the decision on the minimum wage by the end of January. The decision must take into account the data on the growth of consumer prices, which will be published on 15 January 2022 by the Statistical Office of the Republic of Slovenia.
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Raising the minimum wage in 2022 – GZS expects that the increase will be in line with rising prices
The Chamber of Commerce and Industry of Slovenia expects that the minimum wage will be in line with rising prices. They claim that the average year-on-year price increase will be 1.7 percent. According to the chamber, prices began to rise more sharply in the second half of this year.
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Raising the minimum wage 2022 – ZSSS proposed raising wages by 10 percent
The Federation of Free Trade Unions of Slovenia, on the other hand, expects year-on-year inflation to be 2.5%. However, they want a higher increase in the minimum wage. The Minister of Labor will increase the gross minimum wage to 1,133.35 euros in January. That would mean an increase of more than 10 percent. We wrote in more detail about the ZSSS proposal in this article.
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Raising the minimum salary in Slovenia in 2022 – what is taken into account when raising?
In setting the 2022 minimum wage, the Minister of Labor will have to take into account rising prices. Article 3 of the Minimum Wage Act (ZMinP) stipulates that the following factors are taken into account when raising:
- wage developments;
- economic situation or economic growth;
- employment trends.
The most important piece of information for the minimum salary is the amount of the minimum cost of living. The minimum wage must exceed the minimum cost of living by at least 20% and at most by 40%. The minimum cost of living was last calculated in 2017 for 2016. At that time, this amount was € 613.41 per month. However, there are no more recent calculations since 2017.
This year the rise is the lowest possible
This year, the salary increase was in the second half of January. At that time, the minimum salary rose to 1,024.24 euros gross per month. Net this amounts to 736 euros or in other words 120 percent of the minimum cost of living. This was thus the lowest possible salary increase. If the Minister hypothetically decided in 2022 on the highest possible increase, this would mean 1,230 euros in gross amount (858 euros net). In 2021, the minimum wage rose by 8.9 percent, and employers expect a smaller increase in the minimum wage in 2022.
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