Salaries will soon be higher for many employees.
This is good news for employees! Many have probably forgotten it, but an additional salary will soon be paid by many companies, for at least two million employees. A bonus of a few hundred euros will in fact be added to the monthly remuneration. This is not a new check coming out of the government’s pocket but rather aid paid each year, automatically, and which will increase in 2024.
While the summer holidays are slowly approaching – they officially begin on Saturday July 6 in National Education – it is already time to start working on the organization of the two summer months: simply stay at home , go to grandma and grandpa’s, go somewhere… The options vary depending on the household, in particular because of a central criterion: the budget. It’s a sad reality, not everyone can afford the luxury of going to the seaside or elsewhere to relax for a few days.
To help households finance their summer vacation, some employers pay the vacation bonus. If some grant it, it is not an obligation. It simply depends on the collective agreement or a company agreement. For example, employees hired under the Syntec, construction or even recovery industry and trade agreements benefit from this little extra.
For employees, the amount paid is calculated according to the rules set out in the collective agreement or company agreement. And this year, it will be up for (almost) everyone thanks to a very simple rule: if you have been increased (or your colleagues), your bonus will be mechanically higher than in 2023 since it corresponds to a percentage your salary (or more precisely your paid vacation allowance, established from your salary), or the company’s overall payroll. The increase will not be dizzying but equivalent to the salary increase that may have been granted to you. Unless your company has decided to top up your bonus.
Concretely, for employees under the Syntec agreement which brings together many professions in France, the amount is equivalent to 10% of the annual gross remuneration: this represents 300 euros gross, or around 250 euros net, when we receive a salary of 1950 euros net per month. In the construction industry, the calculation method is more complex (30% of the compensation paid for 24 days of paid leave). Concretely, for an employee paid 2,000 euros net per month (30,000 euros gross per year), the bonus amounts to around 880 euros.
But when will it be paid? Generally, it is during the summer (on the June, July or August payroll) that employers make this payment, even if some specific rules exist: certain companies pay a part during the summer and a other during the Christmas holidays.