RKM GROUP OÜ: Wage rally
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In the third quarter of 2020, RKM GROUP OÜ team consisted of 3 employees, who were paid an estimated average gross salary of 520 EUR / month.
Comparsion with the previous quarter
Compared to the second quarter the team decreased by 1 (-33%) and the salary was increased by an average of 55 EUR per employee (11%).
Summary of the year
Each year, an employee receives an average salary of 492 EUR per month and a turnover of an average of 6 266 EUR for the company. Labor costs are an average of 11% of turnover.
The company would probably have enough funds to increase the payroll, because in the last declared financial year (2018) the company ended with a profit, which could increase the salary of each employee by a maximum of 275 EUR / month (total salary fund) and in that case the company would close its financial year with a similar profit of 3 309 EUR.
Comparsion with the sectoral average
RKM GROUP OÜ operates in the sector WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES, where the average monthly salary is 1 120 EUR. In Valga, where the company operates, the average monthly salary is 927 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).