it increases on May 1st! Gross, net… The new amounts

by time news

2023-04-19 15:50:00

minimum wage. The amount of the minimum growth wage will increase by more than 2% from May 1, 2023.

[Mis à jour le 19 avril 2023 15h50] The amount of the SMIC will increase by 2,19% starting the May 1, 2023. An automatic increase that will bring the amount of the minimum growth wage to 1 383 euros net, i.e. a gain of approximately 30 euros on your payslip. The amount of the gross minimum wage will rise from 1,709 euros to 1 743 euros. For its part, the amount of the hourly gross minimum wage will increase from 11.27 euros to 11,49 euros. Be aware that an employer can be fined 1,500 euros if he pays the employee remuneration below the minimum wage, as well as damages.

On the basis of a full-time job, 35 hours per week, an employee with the minimum wage earns 1,709.28 euros gross and 1,353.07 euros net (after mandatory deductions), for a net gain of 24 euros each month compared to August 2022, since Sunday January 1, 2023. Here are all the amounts of the minimum wage to know at the start of the year:

  • Net minimum wage as of January 1, 2023: 1 353,07 euros
  • Gross minimum wage on January 1, 2023: 1 709,28 euros
  • Net hourly minimum wage on January 1, 2023: 8,92 euros
  • Gross hourly minimum wage on 1 January 2023: 11,27 euros

The amount of the monthly net minimum wage is set at 1 353,07 euros since January 1, 2023, compared to 1,329.05 euros at the beginning of August 2022, the date of the last revaluation. As a reminder, here is the evolution of the amount of the net monthly minimum wage in recent years:

Amount of net minimum wage
YearAmount of the net monthly minimum wage
January 20161 143 euros
January 20171 149,07 euros
January 20181 174,93 euros
January 2019 1 204 euros
January 20201 219 euros
January 20211 231 euros
January 20221 269,45 euros
May 20221 302 euros
August 20221 329, 05 euros
January 20231 353,07 euros

Since January 1, 2023, the gross monthly minimum wage reached 1,709.28 euros per month on the basis of 35 hours per week. For information, here is the evolution of the amount of the minimum wage since 2010:

Evolution of the minimum wage since 2010
YearAmount of the hourly minimum wage (gross)Amount of the monthly minimum wage (gross)
January 20108,86 euros1 343,77 euros
January 20119 euros1 365 euros
December 20119,19 euros1 393,82 euros
January 20129,22 euros1 398,37 euros
July 20129,40 euros1 425,67 euros
January 20139,43 euros1 430,22 euros
January 20149,53 euros1 445,38 euros
January 20159,61 euros1 457,52 euros
January 20169,67 euros1 466,62 euros
January 20179,76 euros1 480,27 euros
January 20189,88 euros1 498,47 euros
January 201910,03 euros1 521,22 euros
January 202010,15 euros1 539,42 euros
January 202110,25 euros1 554, 58 euros
January 202210,57 euros1 603 euros
May 202210,85 euros1 645 euros
August 202211,07 euros1 678,95 euros
January 202311,27 euros1 709,28 euros

The amount of the net hourly minimum wage is extremely variable. Keep in mind that the amount may vary from one payslip to another, due to the amount of social security contributions deducted from the gross hourly minimum wage. Since January 1, 2023, the amount of the Net hourly minimum wage is about 8,92 euros.

The amount of the gross hourly minimum wage has been 11.27 euros since January 1, 2023, compared to 11.07 euros on August 1, 2022. As a reminder, the amount of the gross hourly minimum wage, in recent years, was set at:

Amount of the hourly minimum wage (gross)
YearAmount of the hourly minimum wage (gross)
January 20169,67 euros
January 20179,76 euros
January 20189,88 euros
January 201910,03 euros
January 202010,15 euros
January 202110,25 euros
January 202210,57 euros
May 202210,85 euros
August 202211,07 euros
January 202311,27 euros

The hourly rate of the Smic corresponds to the legal minimum hourly wage that the employee must receive. Deductions are however applicable in certain cases (apprentices and employees under 18). This is the amount paid for one hour of work. The monthly minimum wage is modeled on the basis of 35 hours per week.

The amount of the annual Smic is obtained by multiplying the amount of the monthly Smic (above) by the number of months of the year, i.e. 12. Please note, if you benefit from a 13th month paid to your employer, this is not part of the calculation of the annual minimum wage. Referring to the new amount of the Smic 2023 valid since January 1, 2023, the net annual Smic amounts to 16 236,84 euros (1353.07×12). For its part, the gross annual minimum wage climbs to 20 511,36 euros (1 709,28 x 12).

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