SMIC 2023: it increases on 1 January. Gross, net, hourly… The new amounts

minimum wage. The minimum growth wage will increase on January 1, 2023. For the first time, it will exceed 1,700 euros gross.

[Mis à jour le 16 décembre 2022 à 17h03] As every year, the amount of the Smic is revalued at the beginning of the year. This January 1st 2023 is no exception to the rule. The minimum growth wage will this time be raised by 1.8%a net monthly increase of 24 euros. The net minimum wage goes from 1,329 euros to €1,353. The gross minimum wage climbs from 1,678 euros to 1,709 euros. For its part, the hourly gross minimum wage goes from 11.07 euros to 11.27 euros. The revaluation of the Smic is carried out on the basis of half of the gain in purchasing power of the average hourly wage of workers and employees.

For the third time this year, the gross hourly minimum wage increased, rising on August 1 from 10.85 euros to 11.06 euros. Thus, on the basis of a full-time job, 35 hours per week, an employee earning the minimum wage will receive 1,678.95 euros raw and €1,329.05 net (after mandatory deductions), for a net gain of 27 euros each month. Remember that if inflation increases by at least 2% compared to the index observed when the last amount of the minimum wage was established, it is automatically increased in the same proportions. Here are all the minimum wage amounts to know from Monday August 1, 2022, and the new amount from January 1, 2023:

• Net minimum wage as of August 1, 2022: €1,329.05
• Gross minimum wage on August 1, 2022: €1,678.95
• Net hourly minimum wage on August 1, 2022: €8.77
• Gross hourly minimum wage on August 1, 2022: €11.06

Starting the January 1, 2023the increase in the minimum wage will reach 1.8%, according to the panel of independent experts chaired by Gilbert Cette. Enough to consider a monthly gain of approximately 24 euros. With this revaluation, it would climb to €1,353.

The amount of the monthly net minimum wage reached 1,329.05 euros since August 1, compared to 1,302 euros at the beginning of May and 1,269 euros on January 1. As a reminder, here is the evolution of the amount of the net minimum wage, in recent years, amounted to:

Each year, the amount of the minimum wage is reassessed. As of August 1, 2022, it reached 1,678.95 euros gross per month on the basis of 35 hours per week. This increase is the result of both the evolution of inflation and the increase in the wages of workers and employees. On May 1, 2022, a new increase had entered into force, bringing the gross minimum wage to 1645.58 euros. As an indication, here is the evolution of the amount of the minimum wage since 2010:

The amount of the hourly Smic 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 August 1, 2022, the amount of the Net hourly minimum wage was approximately €8.76.

The amount of the hourly minimum wage (gross) amounts to 10.85 euros, compared to 10.57 euros on January 1, 2022 and 10.25 euros previously. As a reminder, the amount of the hourly minimum wage, in recent years, was:

The minimum growth wage corresponds to the legal minimum hourly wage that the employee must receive. Deductions are however applicable, in certain cases (apprentices and employees under 18). the hourly rate is of €11.07 since August 1, 2022, this is the amount paid for one hour of work. Unlike the monthly Smic, which 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 2022 valid since August 1, 2022, the net annual Smic amounts to 15,948.71 euros (1329.05×12). For its part, the gross annual minimum wage climbs to €20,147.40 (1678.95×12).