+2.01%! What is the profit on your payslip?

SMIC MORE. The amount of Smic will be revalued in a few days by 2.01%. How much do you earn? We tell you everything.

[Mis à jour le 26 juillet 2022 15h21] The amount of Smic will be revalued to 2.01% to take inflation into account, from August 1, 2022 ! An automatic increase, included in the texts of the Labor Code when the level of inflation exceeds 2%. This is the third increase in the minimum growth wage in 2022 after those observed in January (+0.9%) and in May (+2.65%). During the year, the minimum wage will increase from 1,269.45 euros to €1,329.06 net for seven months, for the profit that 60 euros. Between July 2022 and August 2022, the increase that will appear on your payslip is imminent 27 euros. An increase that is part of a logic of revaluation of social benefits and social minimum desired by the government, in the same way as the RSA (+4%), the APL (+3.5%) or the AAH (+4 %) .

After experiencing a 0.9% increase at the start of 2022, the minimum wage has been raised to €1645.58 gross per month, compared to 1,589.47 euros gross per month last year. In 2021, Smic has already experienced a relatively unprecedented revaluation of 2.2% to compensate for a price increase of more than 2% between November 2020 and August 2021. This is the first time since 2011 that one Automatic increases occur outside of January 1st. As a reminder, if an employer pays one of his employees below the legal amount of the minimum wage, the latter is liable to a fine of €1,500. He can also be ordered to pay damages to the employee.

So the minimum wage will experience a second increase on May 1, 2022. In fact, taking into account the increase in inflation (+4.5% in March for a year), the minimum wage growth has increased by 2.65% , a net increase of 34 euros per month. In other words, the net minimum wage went from 1,269 euros to 1,302.64 euros net, an increase recorded on Sunday 1 May. The amount of the minimum wage will once again be increased from August 1, 2022 to 2.01%.

Every year, the amount of the minimum wage is re-evaluated. As of January 1, 2022, it is reached 1,603 euros gross per month based on 35 hours per week. This increase is the result of the evolution of inflation and the increase in the wages of workers and employees. On May 1, 2022, a new increase after inflation began, bringing the gross minimum wage to 1645.58 euros. As an indication, here is the evolution of the amount of the minimum wage since 2010:

Evolution of the minimum wage since 2010
year Hourly minimum wage amount (gross) The amount of the monthly minimum wage (gross)
January 2010 €8.86 €1,343.77
January 2011 9 euros €1,365
December 2011 €9.19 €1,393.82
January 2012 €9.22 €1,398.37
July 2012 €9.40 €1,425.67
January 2013 €9.43 €1,430.22
January 2014 €9.53 €1,445.38
January 2015 €9.61 €1,457.52
January 2016 €9.67 €1,466.62
January 2017 €9.76 €1,480.27
January 2018 €9.88 €1,498.47
January 2019 €10.03 €1,521.22
January 2020 €10.15 €1,539.42
January 2021 €10.25 €1,554.58
January 2022 €10.57 €1,603
May 2022 €10.85 €1,645

The amount of the monthly net minimum wage is reached 1,302.64 euros, compared to 1,269 euros on January 1 and 1,231 euros in 2021. As a reminder, here is the evolution of the amount of the net minimum wage, in recent years, which amounts to:

The amount of the net minimum wage
year The amount of the net monthly minimum wage
January 2016 €1,143
January 2017 €1,149.07
January 2018 €1,174.93
January 2019 €1,204
January 2020 €1,219
January 2021 €1,231
January 2022 €1,269.45
May 2022 €1,302

The hourly minimum wage (gross) amounts to 10.85 euros, compared to 10.57 euros on January 1, 2022 and 10.25 euros before. As a reminder, the amount of the hourly minimum wage, in recent years, is:

Hourly minimum wage amount (gross)
year Hourly minimum wage amount (gross)
January 2016 €9.67
January 2017 €9.76
January 2018 €9.88
January 2019 €10.03
January 2020 €10.15
January 2021 €10.25
January 2022 €10.57
May 2022 €10.85

The amount of hourly Smic varies greatly. Remember 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. In January 2022, the amount of Net hourly minimum wage estimated €8.37. For example, it is weaker between January and September 2021, measured at 8.11 euros.

The minimum wage growth is equal to the legal minimum hourly wage that the employee must receive. However, deductions apply, in some cases (apprentices and employees under 18). the hourly rate rather than €10.85 since May 2022, this is the amount paid for one hour of work. Unlike monthly Smic, which is modeled based on 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 in the year, ie 12. Please note, if you benefit from the 13th month paid by your employer , it is not part of the annual minimum wage calculation. Referring to the new Smic 2022 amount valid from May 1, 2022, the net annual Smic amounts to €15,631.68 (1302.64×12). For its part, the gross annual minimum wage increased to €19,746 (1645.58×12).

Smic in France is 10.85 euros gross per hour for a working time of 35 hours. Not all member states of the European Union have one, but for those that do, the differences are very significant. According to Eurostat data, the lowest Smic in Europe is Smic in Bulgaria (332 euros per month). The highest minimum wage in Europe is in Luxembourg (2,257 euros).

For some member countries such as Austria, Cyprus, Denmark, Finland, Italy and Sweden, a minimum wage per branch applies. The minimum wage can also, for these countries, be determined through negotiations between the social partners.

The case of Switzerland is a bit special because only 5 cantons have a minimum wage. Geneva, Neuchâtel, Jura, Ticino and Basel-City. It is not the same in different cantons.

  • Geneva : 3,870 euros
  • Neuchâtel : 3,370 euros
  • Jura : 3,370 euros
  • Ticino : 2,960 euros

Beyond the cantons, there is no minimum wage in Switzerland at the national level for several reasons. The first is that Switzerland is a federal state, and each canton remains sovereign. Remember that the Swiss Smic remains, on average, 60% higher than the Smic in France.

Since January 1, 2018, in Germany, there is a legal minimum wage amount. A minimum wage that is revised every two years, from now on, and reached €9.82 in time since January 1, 2022. The next revaluation should take place on July 1, 2022 and should bring German minimum wage in the height of €10.45 gross at the time.

In France, Smic was revalued on January 1, 2022 to take into account price changes between August and November 2021. Employees are entitled to a small increase in 0.9% at the beginning of the year. So the monthly net minimum wage drops from 1,231 euros in 2021 to €1,269.45 in 2022. The monthly gross minimum wage increased from 1,554.58 euros to 1,603 euros on January 1, 2022.

It was upgraded for the second time from 2.65% until May 1, 2022. Enough to bring it to €1,302 Net per month.

The Smic is revalued every year on 1er January. It is indexed to inflation as measured for the 20% of households with the lowest income. The revaluation of the Smic is done based on half of the gains in the purchasing power of the average hourly wages of workers and employees. An increase is also made when the inflation level exceeds 2%.

Employees who perform a professional activity in the hotel and catering sector have a different minimum wage from the legal Smic, called minimum wage. At first glance, the hotel minimum wage may seem more advantageous than the legal minimum wage, but it deserves a closer look. In fact, the minimum wage in the hotel is calculated by 39 hours per week, and no more than 35 hours. Another important difference, if an employee is paid the minimum wage in the hotel, he automatically benefits from a 10% overtime increase performed between the 36th and 39th hours. This is why the net monthly minimum salary of the hotel amounts to €1,430. More than the wage of the classic minimum wage (1,269.45 euros) due to the increase in overtime. The gross monthly minimum wage of the hotel amounts to €1,804.65.

The applicable collective agreement generally provides for a standard minimum wage. If the agreed minimum is lower than the Smic, the employer pays a salary supplement to reach the Smic amount. If the customary minimum is higher than the Smic, the employer pays what is provided in the collective agreement.

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