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SMIC increase in May 2023

11 May 2023 · 4 min reading time
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Droit du Travail
SMIC increase in May 2023
Last April 14th, Prime Minister Élisabeth Borne announced an increase in the minimum wage (SMIC) in the coming months.
Revalued for the second time in 2023, the SMIC increased by 2.22% starting May 1st, 2023.

Reminder: What is the SMIC?

By definition, the Minimum Growth Wage (SMIC) corresponds to the legal minimum hourly wage that an employee must receive.
The SMIC is revalued every year on January 1st, and two indicators are taken into account:
  • The inflation observed by the 20% of households with the lowest incomes.
  • Half of the gain in purchasing power of the average hourly wage of manual and clerical workers.
Thus, it may happen that the SMIC is automatically revalued during the year in addition to the revaluation in January, particularly when the consumer price index increases by at least 2%.

An increase of 2.22%

Faced with an inflation context much stronger than what had been anticipated by the government, an increase of 2.2% was announced in an order published in the Official Journal on April 26th, 2023, representing a net monthly gain of €30 for the employees concerned.
As of May 1st, 2023, the SMIC is set at €11.52 gross per hour compared to the amount set in January 2023 at €11.27 gross per hour.
💸 The SMIC will reach €1,747.20 gross per month, which is equivalent to a net salary of €1,383.08.

The SMIC in temporary work

By application of the principle "equal pay for equal work," there is no difference for permanent employees and temporary workers regarding the SMIC. The only difference is that the monthly salary of a temporary worker is calculated by multiplying the hours worked by €11.52.
🚀 At Staffmatch, the revaluation of the SMIC is taken into account automatically. There are no steps to take to update your salary and pay slips!
In addition, Staffmatch's loyalty program allows you to accumulate bonuses of up to €400! Other exclusive benefits such as a Time Savings Account, which allows you to save and generate interest at a rate of 8%, are available at Staffmatch and strengthen your purchasing power in the short and long term!
Boost your purchasing power with Staffmatch and find your next job quickly and efficiently. Discover all our offers here: https://staffmatch.com/en/offers/

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