SMIC 2023: new increase on January 1, how much?

minimum wage. The minimum growth wage will be increased by 1.8% from January 1, 2023. The bar of 1,700 gross euros will be crossed for the first time.

[Mis à jour le 21 décembre 2022 à 09h56] The minimum growth wage will increase automatically from the January 1, 2023. Indeed, due to persistently high inflation (6.2% in November over one year), the minimum wage will be raised by 1.8%to reach €1,353 net. That is a monthly gain of 24 euros for all employees paid the minimum wage. Its gross amount will for the first time pass the symbolic bar of 1,700 euros, at 1,709 euros. The gross hourly amount is 11.27 euros.

As a reminder, the minimum growth wage corresponds to the legal minimum hourly wage that the employee must receive. It applies to all adult employees, regardless of the form of their remuneration (time, output, task, piece, commission or tip). The employer can be sentenced to a fine of 1,500 euros if he pays the employee a remuneration lower than the minimum wage, as well as damages. The minimum wage is revalued each year on January 1, it is indexed to inflation measured for the 20% of households with the lowest incomes.

On the basis of a full-time job, 35 hours per week, a minimum wage earner will receive 1,709 euros gross and €1,353 net (after mandatory deductions), for a net gain of 24 euros each month compared to August 2022. Remember that if inflation increases by at least 2% compared to the index observed when the last amount of the Smic was established, it is automatically increased in the same proportions. Here are all the minimum wage amounts to know from Sunday January 1, 2023:

• Net minimum wage as of January 1, 2023: €1,353
• Gross minimum wage on January 1, 2023: €1,709
• Net hourly minimum wage on January 1, 2023: 8.94 euros
• Gross hourly minimum wage on 1 January 2023: €11.27

The amount of the monthly net minimum wage reached 1,353 euros since January 1, 2023, compared to 1,329.05 euros at the start of August 2022. 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 January 1, 2023, it reached 1,709 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. 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. As of January 1, 2023, the amount of Net hourly minimum wage is about €8.94.

The amount of the hourly minimum wage (gross) amounts to 11.27 euros, compared to 11.07 euros on August 1, 2022. 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 11.27 euros since January 1, 2023, 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 2023 valid since January 1, 2023, the net annual Smic amounts to 16,236 euros (1353×12). For its part, the gross annual minimum wage climbs to €20,508 (1709×12).