SMIC 2023: it increases on May 1! Gross, net… The new amounts

minimum wage. The amount of the minimum growth wage will increase by more than 2% from May 1, 2023.

[Mis à jour le 19 avril 2023 15h50] The amount of the SMIC will increase by 2.19% starting the May 1, 2023. An automatic increase that will bring the amount of the minimum growth wage to €1,383 net, i.e. a gain of approximately 30 euros on your payslip. The amount of the gross minimum wage will rise from 1,709 euros to €1,743. For its part, the amount of the hourly gross minimum wage will increase from 11.27 euros to €11.49. Note that an employer can be fined 1,500 euros if he pays the employee a remuneration lower than the Smic, as well as damages.

On the basis of a full-time job, 35 hours per week, an employee with the minimum wage earns 1,709.28 euros gross and 1,353.07 euros net (after mandatory deductions), for a net gain of 24 euros each month compared to August 2022, since Sunday January 1, 2023. Here are all the minimum wage amounts to know at the start of the year:

• Net minimum wage as of January 1, 2023: €1,353.07
• Gross minimum wage on January 1, 2023: €1,709.28
• Net hourly minimum wage on January 1, 2023: 8.92 euros
• Gross hourly minimum wage on 1 January 2023: €11.27

The amount of the monthly net minimum wage is set at 1,353.07 euros since January 1, 2023, compared to 1,329.05 euros at the beginning of August 2022, 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:

Since January 1, 2023, the gross monthly minimum wage reached 1,709.28 euros per month on the basis of 35 hours per week. For information, 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 the amount may vary from one payslip to another, due to the amount of social security contributions deducted from the gross hourly minimum wage. Since January 1, 2023, the amount of the Net hourly minimum wage is about €8.92.

The amount of the gross hourly minimum wage has been 11.27 euros since January 1, 2023, compared to 11.07 euros on August 1, 2022. As a reminder, the amount of the gross hourly minimum wage, in recent years, was set at:

The hourly rate of the Smic corresponds to the legal minimum hourly wage that the employee must receive. Deductions are however applicable in certain cases (apprentices and employees under 18). This is the amount paid for one hour of work. The monthly minimum wage is modeled on the basis of 35 hours per week.

The amount of the annual Smic is obtained by multiplying the amount of the monthly Smic (above) by the number of months of the year, i.e. 12. Please note, if you benefit from a 13th month paid to your employer, this is not part of the calculation of the annual minimum wage. Referring to the new amount of the Smic 2023 valid since January 1, 2023, the net annual Smic amounts to 16,236.84 euros (1353.07×12). For its part, the gross annual minimum wage climbs to €20,511.36 (1709.28×12).