SMIC. The SMIC is revalued by 2 % from November 1st, 2024. Here is what its new level will be.
The announcement was unexpected. During his general policy speech, Michel Barnier announced that the minimum interprofessional growth wage would increase by 2% on November 1, 2024. A purely political decision and completely unrelated to the usual calculation method. Indeed, given the slowdown in inflation, INSEE had indicated that the minimum wage would not be automatically revalued on November 1. The head of government decided otherwise. Thus, in a few days, 2.5 million employees will receive a slightly higher salary.
The increase in the minimum wage from November 1, 2024 has been made official. The amount of the minimum wage will increase by 2%. An increase that will allow workers paid at the minimum wage to see their salary increase by 27.98€ net per month,. The monthly net salary will therefore now be €1426.68 and the gross salary €1802.26.
200% Deposit Bonus up to €3,000 180% First Deposit Bonus up to $20,000The amount of the monthly net minimum wage is set à 1426.68 euros on November 1, 2024, compared to 1398.70 euros at the beginning of January, 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:
The gross monthly minimum wage reaches 1802.26 euros per month based on 35 hours per week. As an indication, here is the evolution of the amount of the minimum wage since 2010 :
The amount of the net hourly minimum wage is extremely variable. Keep in mind that its amount can vary from one pay slip to another, due to the amount of social security contributions withheld from the gross hourly minimum wage. Currently, the amount of the Net hourly minimum wage is approximately 9.42 euros.
The amount of the gross hourly minimum wage in force is 11.84 euros. As a reminder, the amount of the gross hourly minimum wage, in recent years, was set at:
The hourly rate of the minimum wage corresponds to the legal minimum hourly wage that the employee must receive. However, deductions are applicable in certain cases (apprentices and employees under 18). This is the amount paid for one hour of work. The monthly minimum wage is calculated on the basis of 35 hours per week.
The amount of the annual minimum wage is obtained by multiplying the amount of the monthly minimum wage (above) by the number of months in the year, i.e. 12. Please note that if you receive a 13th month paid by your employer, this is not included in the calculation of the annual minimum wage. Referring to the amount of the minimum wage currently in force, the net annual minimum wage amounts to 17 119.91 euros. For its part, the gross annual minimum wage climbs to 21 627 euros.
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