The second largest group is Colombians (42,573 newcomers), followed by the British (34,510) and the Argentinians (32,877). In addition, he stressed that over the next month, companies, workers and the administration will have time to adapt to the new mechanisms introduced by the labour reform. However, expenses can vary depending on where you live. ", "On deciding to begin commercial activities in Asia Pacific, we needed a provider to handle the employment and remuneration of our workforce. If youre not making at least the Spanish minimum wage, you should file a complaint with the Labour and Social Security Inspectorate, who will evaluate your case. No, the minimum wage is the same across Spain. We also use third-party cookies that help us analyze and understand how you use this website. In this regard, the awards will be given to values such as excellence, gender equality and occupational health. The lower cost of living makes it easier for businesses to afford to pay their employees less, which is attracting a lot of business to Spain but makes Spanish people want to work abroad. These agreements are negotiated by the unions and employers associations at a national or regional level, to avoid wage differences between different companies or regions. Please create an employee account to be able to mark statistics as favorites. Then you can access your favorite statistics via the star in the header. It represents a 35 increase from the current minimum wage of . The lowest monthly salary belongs to the Canary Islands, where workers earn an average of 1,416 per month. This is double the minimum wage in Spain. In the table that follows we show you the progression of the National Minimum Wage Spain. You can also do some research online about salaries in Spain to get an idea of what you should accept. 08/07/2022 Pets in Spain. government increased the minimum wage by 8% for 2023, up to gross EUR 1 080 per month (14 instalments per year). Your payslip in Spain should clearly state the name of the company and worker, salary, and deductions (including the workers social security contributions and IRPF (Impuesto sobre la renta de las personas fsicas) or personal income tax deductions. National minimum wage per month in Spain from 2008 to 2023 (in euros) [Graph]. Contact us for a cost breakdown. That said, Spain still has a large pay gap between men and women. However, Spain also has a lower cost of living than most of its western European neighbors. Spanish Labour Minister Yolanda Dazannouncedon Wednesday that the cabinet will be approving an increase of the countrys minimum wage to 1,000 at the next meeting to be held on 22 February. In general, however, the cost of living in Spain is lower than in other countries in Europe. How much is the minimum salary in Spain in 2022? - The Nomad Today Food in Spain is very cheap. Monthly minimum wages below 1 000 in 13 EU countries, above 1 500 in 6 The 21 EU Member States that have national minimum wages can be . . Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Many industries in Spain operate collective agreements. Statista. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Since June 2022, the national minimum wage in Spain remained fixed at 1,166.7 per month, that is 14,000 euros per year, taking into account 12 payments per year. In Spain, it is often divided over 14 payments, with extra payments in the summer and at Christmas, instead of 12 monthly payments. Hire fulltime talent anywhere through our EOR/PEO, Source talent with our recruitment experts, Inspiring case studies with real customers, Horizons Health Insurance for your teams, Global Mobility Employee relocation assistance, Talent Acquisition Find talent with our recruitment experts, Customer StoriesInspiring case studies with real customers, Global HubsDiscover our international offices, CareersAccelerate your career with Horizons, Hire GloballyHire in 180+ countries in 24 hours, Switch to HorizonsStreamline global hiring & payments, Subsidiary to EORSimplify global operations, For HR Teams Hit your hiring targets faster, For Finance TeamsSave time on admin and payroll, For Legal TeamsHire abroad without legal admin, InsightsShape your strategy with key insights, Inside HorizonsA behind-the-scenes look at the best EOR, Help CenterLearn about the Horizons platform, Hire and pay talents with Horizons in 180+ countries. The minimum annual wage in Spain is 14,000 per year. Workers in Madrid earn the highest monthly salaries (2,077 on average per month). [Online]. It also is the sixth-best EU country on the Gender Equality index with high marks when it comes to finances. A year later it was raised to 900 euros. Save my name, email, and website in this browser for the next time I comment. To use individual functions (e.g., mark statistics as favourites, set Twitter. Profit from the additional features of your individual account. How much is the minimum salary in Spain in 2022? Another protection for workers within Spains labor laws is the right to strike. Workers repair a street during hot weather in Madrid, Spain, Wednesday, July 20, 2022. . How does the minimum wage in Spain compare to surrounding countries? European lawmakers expected to approve EU-wide minimum wage New minimum wage in NCR to take effect on June 4; more regions poised A minimum wage is the lowest rate an employer can legally . How do EU member states compare on minimum wage? | Euronews It is generally not possible to hire skilled employees near the minimum wage in Spain, nor is it advised. The national minimum wage in Spain will not change through 2022. For all further details, see: @2021 - spainenglish.com & Maravilla Pictures Ltd. All Rights Reserved. They cited concerns over inflation and also that it could lead to rise in jobless numbers. Speaking on Wednesday, Labour Minister Yolanda Diaz branded the accord as a very important measure. Government gives unions what they want as employers warn of inflation and job losses. End service in Spain with no additional penalties or fees. Quickly and compliantly hire employees in more than 185 countries worldwide, without the need to open a local entity. Strikes against a single company can be organized by trade unions, elected representatives (work councils, employee delegates), or the employees themselves. 14,000/year. In 2021, 60,324 people migrated from the North African country to Spain. https://www.spaindesk.com/wp-content/uploads/2022/01/SpainDesk-Image-93.jpg, https://www.spaindesk.com/wp-content/uploads/2021/05/31-05-2021-Spaindesk-Logo-1.png, All rights reserverd Copyright - SpainDesk, When you are not earning the minimum wage, Ministry of Employment and Social Security in Spain. Overall, Spain reports a timely implementation of the milestones and targets due by the . English teaching positions, especially during seasonal periods, are common among expats moving to Spain. In the table that follows we show you the progression of the National Minimum Wage Spain. There is a minimum wage in Spain. If we look at the ranking of the national minimum wage that we publish, Spain is in 18 nd place of the 120 of the list. The main reasons for this is a lower unemployment rate and a higher cost of living. PDF Commission Staff Working Document Jos Luis Escriv also emphasised that protection for the self-employed due to the suspension of activity has been maintained, with a benefit of 70% of the minimum contribution bases and exemption from contributions. In 2022, Spain changed its migration laws to recruit more foreigners from overseas for industries with labour shortages. "As a seed-stage, London-based startup, we were initially hesitant to expand internationally due to the administrative workload involved. While minimum wages increased substantially between 1 January 2021 and 1 January 2022 in nominal terms, the real-life impact does not signify a boost to living standards when rising inflation is taken into account. Every worker in Spain is entitled to receive the minimum wage, including minors (at least 16 years old). A full-time worker may take 22 working days (30 calendar days) of paid holiday time annually. Other popular work industries for expat workers include tourism, IT, engineering, finance, and healthcare. Chart. Spain Wages 2023 | Minimum & Average | Take-profit.org Foto: Pool Moncloa/Borja Puig de la BellacasaThe spokesperson of the Executive highlighted that the budget in this area has increased by 45% and the number of beneficiaries by 26% since the 2017-2018 call for applications, and that the aid will reach 200,000 more students than four years ago. The minister said that the deferral and moratorium on the payment of social security contributions for those affected by the eruption on the island of La Palma will also be extended for four months. The governments aim is that by the end of 2023, Spains minimum wage will represent around 60% of the average salary in the country. Renting an apartment in Spain can be expensive. Average annual wages Spain 2000-2021 | Statista Spain provides secure legal protection for workers. Spain's Labour Minister Yolanda Daz on Wednesday announced that the Spanish Cabinet will approve an increase of the country's minimum wage up to 1,000 at their next meeting on February 22nd. Spain's minimum monthly wage was 1,000 euros as of 2022. This category only includes cookies that ensures basic functionalities and security features of the website. Spain to increase minimum wage to 1,000 - Spain in English In fact, it has risen from 600 per month in 2000 up to around 1,166.67 gross per month in 2022 (1,000 monthly payable in 14 installments to allow for the double salary in July and December). You can see NMW in other countries in National Minimum Wage 2022 and see all the information about this country in Spain economy. In addition, certain measures to address situations of social and economic vulnerability have been extended. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Taiwan . Domestic workers in households are employees. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Spain On February 9, the Spanish government raised the monthly minimum wage to 1,000. It also oversees collective bargaining agreements that regulate rights, obligations, professional groups, and minimum wages within specific areas. La Moncloa. 22/02/2022. The Government of Spain raises the Minimum Both our local employee as well as our HQ in Germany are more than pleased with the support provided and the simplicity of the service. When you want to accept a job in Spain it is useful to know the salary and minimum wage in Spain. Spain's minimum wage of 14,000/year sits in the middle of the three. Explainer: What will Spains first summer general election mean for voters? Currently, you are using a shared account. They were knowledgable on all subject matters pertaining to international employment. Grocery stores are even cheaper, you can get a full basket for around 20 euros. They referred to political aspects of the deal coming in the wake of the government last week narrowly passing its Labour reforms and the impending regional elections in Castilla y Leon. Since 2018, the Government has been working on a scholarship policy to ensure that no student drops out of post-compulsory education for financial reasons, thus ensuring social cohesion, equity and equal opportunities. By clicking Accept, you consent to the use of all marketing cookies. The minimum wage legislation does not apply to certain workers, including public servants, executive directors, unpaid familiy workers, voluntary workers. Data published Quarterly by National Statistics . In-kind income is income that is not monetary. The regulation aims to facilitate access to low-fee savings mechanisms for low and middle-income earners, small and medium-sized enterprises, and the self-employed and young people. NMW - National Minimum Wage Spain National Minimum Wage - NMW Subscribe to our free email alert service South Korea - Minimum wages Foto: Pool Moncloa/Borja Puig de la BellacasaThe Minister for Inclusion, Social Security and Migration, Jos Luis Escriv, stressed that the jobs lost during the pandemic have been recovered and 500,000 additional jobs have been created. THE Spanish government has proposed increasing the minimum salary to 13,944 a year, or 996 per month if paid in the traditional 14 installments. (January 1, 2023). Average Monthly Salary 2,710 EUR ( 32,600 EUR yearly) LOW 830 EUR AVERAGE 2,710 EUR HIGH 11,400 EUR A person working in Spain typically earns around 2,710 EUR per month. They said on Tuesday that they opposed the size of the wage rise. The new order increasing the minimum wage in Metro Manila by 33 will take effect on June 4, the Department of Labor and Employment (DOLE) said. These agreements set salary levels and working conditions for specific groups of employees. The Spanish government adjusts the minimum wage each year based on a variety of factors, including national productivity and employment levels. Spain National Minimum Wage - NMW 2023 | countryeconomy.com PDF Commission Staff Working Document The Council of Ministers has agreed to submit to Parliament the Draft Law on the Regulation for the Promotion of Employment Pension Plans, which was presented last 23 November. Annual wages by region Spain 2020 | Statista We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. If youre unsure how much your salary should be in Spain, read on to learn about the following topics: The minimum wage (SMI, or Salario Mnimo Interprofesional) applies to all workers regardless of their age, gender, or employment contract in Spain. As such, contracts, working hours, paid leave, and wages are just a few of the highly regulated areas of Spanish employment. The measure will facilitate the transition to the structural ERTEs foreseen in the labour reform. Spain is ranked 16th out of the 101 countries in the worldwide minimum wage list. Minimum interprofessional wage: Spain and EU - TAS Consultoria The national minimum wage has increased from 825.70 in 2017 to 1,166.70 in 2022. 07/04/2022 Investing in Spain: key questions answered. The salaries vary based on experience level and the number of hours that they work. Email. The rest of the self-employed who are under protection will be adjusted to the usual level of social security contributions in an orderly and gradual fashion over a period of four months. Your business can easily hire employees in Spain without opening a local entity. The minister pointed out that in view of these data, a new period is opening up in which the labour reform in force since 1 January will allow those workers and companies that still need it to continue to be protected. Furthermore, she has argued that this does not have a negative impact on employment in certain sectors. One exception is in the case of certain apprenticeship contracts. We offer fair, scalable, and transparent pricing on Spain PEO service. Portugal has a significantly lower minimum wage of around 10,000/year, while France has a higher rate of just under 20,000/year. According to the Podemos politician and second deputy Prime Minister, its science fiction to argue otherwise because its been empirically proven that raising wages encourages people to spend more and this in turn helps the economy. What is minimum wage in Spain? We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. Some of the main expenses that you will have in Spain include rent, food, transportation, and utilities. [Online]. In his view, the measure will have an impact on the welfare of workers, especially younger workers and women. Learn more about how Statista can support your business. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Spain Gross Minimum Monthly Wage - 2023 Data - 2024 Forecast - 1999-2022 Historical Spain Gross Minimum Monthly Wage Summary Stats Download Minimum Wages in Spain stood at 1166.67 EUR/Month in 2023. In some cases, they may be able to claim a pro-rata payment for Sundays and Spanish public holidays, plus their minimum legal holiday entitlement for time worked, assuming that such holidays were not taken during the contract term. If we look at the ranking of the national minimum wage that we publish, Spain is in 19 nd place of the 120 of the list. At an industry level, companies within the banking and investment sectors, as well as insurance, pay the highest salaries. Minimum wages by country [ edit] Net income [ edit] The map below shows monthly adult minimum (after tax, social charges & deductions) income; some countries have a lower rate for under-25-year-olds. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces.