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The Minimum Salary Guaranteed in Payment for the Year 2024 in Romania

Year: 2024
Type: article
Abstract: Government Decision no.598/2024 for establishing the gross minimum basic salary per country guaranteed in payment increased, starting from July 1, 2024, the gross minimum basic salary per country guaranteed in payment.For the gross minimum wage per country guaranteed in payment of 3.700 lei, no additional act is concluded, the employer does not negotiate the minimum wage with the employee as long as it is regulated in a normative act.At the same time, the employer does not need the employee's consent, but only states by decision that the minimum wage has changed.However, the tax-free benefit increases by 50% -300 non-taxable lei from the value of the minimum gross salary.In the construction sector, we are still talking about the highest gross minimum salary in Romania: 4.582 lei.The method of establishing the minimum gross salary per country will change in the next period, in the context of the appearance of European Directive no.2.041/2022, which should be transposed into national legislation by November 15, 2024.Practically, the value of the minimum wage will no longer be established following negotiations between the Government and representatives of trade unions and employers, within the Tripartite National Council, as before, but in the basis of a clear calculation mechanism.The gross minimum wage per country guaranteed in payment will be updated annually depending on the purchasing power, the general level of wages and their distribution, the growth rate of wages and labor productivity at the national level.The adequacy of this minimum income requires that the salary is not less than 50% of the average gross salary earnings.
Author: Dan Țop
Language: English
Open Access status: bronze
OpenAlex ID: W4403473465
FWCI: 0.362
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Cited by: 1
Related to: 10