NARVA E.L.M.E. OÜ: Wage rally
In the first quarter of 2021, NARVA E.L.M.E. OÜ team consisted of 17 employees, who were paid an estimated average gross salary of 1 100 EUR / month.
Estimated employee wages and productivity. Trends on the timeline. Employee networks. Job advertisements.See report >
Comparsion with the previous quarter
Compared to the fourth quarter the team decreased by 1 (-6%) and the salary was increased by an average of 60 EUR per employee (5%).
Summary of the year
Each year, an employee receives an average salary of 1 070 EUR per month and a turnover of an average of 39 267 EUR for the company. Labor costs are an average of 4% of turnover.
The company would probably have enough funds to increase the payroll, because in the last declared financial year (2019) the company ended with a profit, which could increase the salary of each employee by a maximum of 383 EUR / month (total salary fund) and in that case the company would close its financial year with a similar profit of 4 597 EUR.
Comparsion with the sectoral average
NARVA E.L.M.E. OÜ operates in the sector WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES, where the average monthly salary is 1 129 EUR. In Ida-Viru, where the company operates, the average monthly salary is 917 EUR. ** The average wage is calculated according to the data of the Tax and Customs Board according to the calculation of labor taxes paid in the last 4 quarters (companies that pay wages below the minimum wage or do not pay labor taxes at all are excluded).
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