Workers started 2023 with good news: the increase in the Minimum Interprofessional Wage (SMI). This was approved by the Government of Spain on February 14, at the proposal of the Ministry of Labor and Social Economy, led by Yolanda Díaz. This represents an increase of 8%, so it goes from 14,000 to 15,120 euros per year. Although this will affect employees differently, depending on whether or not they have prorated bonuses. Hence, those who receive 12 payments, wonder how much they will earn per month with the minimum wage.
Following this decision by the Council of Ministers, the SMI has increased by 47% in the last five years: thus stands at 60% of the average Spanish salary. Despite the fact that the increase in the minimum wage was approved on February 14, it entered into force on January 1, 2023, so it was retroactive: the employer has to pay the difference that corresponds to the employee. And this increase is expected to benefit between 2.3 and 2.5 million people in Spain, especially women, youth and members of sectors such as agriculture.
The objective pursued by the Executive of Pedro Sánchez with this is to equate a equitable remuneration that provides workers and their families with a decent standard of living. In addition, it seeks to comply with the provisions of the European Committee of Social Rights to raise the minimum wage by 60%, as well as guarantee purchasing power of salaries compared to the cost of living and the rise in prices caused by inflation, which reached 6.1% in February.
What is the minimum wage in 12 payments?
The Minimum Interprofessional Salary is situated in 2023 in the 1,080 euros per month –36 euros a day- for people who receive 14 pay in his work, that is, 12 ordinary monthly payments and the two extra payments for summer and winter, as published in the Royal Decree 99/2023 in the Official State Gazette (BOE).
Conversely, if the salary is received in 12 pay with the two prorated extraordinary ones, the payroll will be 1,260 euros per monthas detailed in the La Moncloa website. Thus, it would be as follows:
How much do eventual, seasonal and domestic workers earn?
The rise in the SMI also affects casual workers and seasonal workers. If your services in the same company do not exceed 120 daysthe minimum wage cannot be less than 51.15 euros per day.
With regard to domestic workers who work by the hour, the minimum wage must be 8.45 euros per hour effective worked.
Which workers are affected by the increase in the SMI?
The rise in the minimum wage will mainly benefit the workers without a collective agreement. This is because your salary is governed by the SMI, so it cannot be less than it.
In article 27 of the Workers Statute Law the increase in the minimum wage is established, and it is regulated that the increase will be made after consulting with the employers and union organizations. To approve it, the CPI, the national average productivity achievedthe increase in labor participation in national income and the overall economic situation.
