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Working hours in Albania, average salary... How much is an employee really valued?

2024-08-30 11:59:24Biznes SHKRUAR NGA REDAKSIA VOX

Working hours in Albania, average salary... How much is an employee really

The government's decisions to increase the salary in the administration, the start of the tourist season where employees were required with an average salary of up to one thousand euros, seemed to bring a change in the family budget. But how much did this actually translate into an average employee's work hour? Where are we compared to the countries of the Region and the European countries?

According to the data, an average working hour in our country is paid 3.6 euros. This amount is 11 times less than in Luxembourg, the country with the highest average salary in the European Union. An hour of work in Albania is also valued less than in any other country in the Region, with the exception of Kosovo.

The payment of an hour of work goes in direct proportion to the average salary. On the European continent, Luxembourg is the country with the highest average salary, almost 6 thousand and 300 euros, and the latest recorded data show that our country has the lowest average salary in the Region, leaving behind only Kosovo.

In the same position, Albania is also ranked in terms of the minimum wage, which is estimated at 400 euros, leaving behind Kosovo with the last increase, which brought it to 350 euros.

How do minimum wages compare across Europe?

Twenty-two of the 27 EU member states have a national minimum wage. Denmark, Italy, Austria, Finland and Sweden do not. Cyprus introduced one early last year. Among the 10 candidate and potential candidate countries, eight have a national minimum wage. Montenegro, Moldova, North Macedonia, Georgia, Albania, Serbia, Turkey and Ukraine all have one, while Bosnia and Herzegovina and Kosovo do not.

The European Free Trade Association (EFTA) countries of Norway, Switzerland and Iceland do not have a national minimum wage. The gross minimum wage is below €1,000 in almost two-thirds of the EU. Minimum wages for EU countries vary widely, with minimum gross monthly wages currently ranging from €477 in Bulgaria to €2,571 per month in Luxembourg. The minimum wage is more than 2,000 euros in Luxembourg, Ireland, the Netherlands and Germany, while the figure for France is 1,767 euros and 1,323 euros for Spain.

The minimum wage is below 1000 euros in 14 of the 22 member states where there is a national minimum wage. The figure varies from 360 euros in North Macedonia to 613 euros in Turkey among candidate and potential candidate countries. Bulgaria (€477) has a lower minimum wage than Turkey, Serbia and Montenegro, all of which are candidate countries.

How to set an appropriate minimum wage?

It is not easy to determine an appropriate minimum wage. The EU Directive includes this statement: "For this purpose, Member States may use indicative reference values ​​commonly used at international level such as 60% of the average gross salary and 50% of the average gross salary, and/or indicative reference values ​​of used at the national level". Figures for 2022 show that many European countries had ratios lower than this level.

Real minimum wages fell in most EU member states as inflation peaked in 2022. The OECD calls for regular reviews to protect the living standards of low-wage workers. "It is important that statutory minimum wages are adjusted regularly," says the OECD report "Minimum Wages in Times of Rising Inflation." Referring to all these data on European minimum wages compared to our country, the working hours still remain in many European countries. In the conditions when we are at these levels and when there are continuous price increases, not only of luxury products, but also basic ones, Albanian families remain far from reaching the conditions to have a normal life. / VoxNews

 

 


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