BALTIC MUSIC OÜ: Wage rally
In the fourth quarter of 2020, BALTIC MUSIC OÜ team consisted of 2 employees, who were paid an estimated average gross salary of 910 EUR / month.
Comparsion with the previous quarter
Compared to the third quarter the teams size did not change.
Summary of the year
Each year, an employee receives an average salary of 542 EUR per month and a turnover of an average of 1 158 EUR for the company. Labor costs are an average of 105% of turnover.
Wage rally
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 412 EUR / month (total salary fund) and in that case the company would close its financial year with a similar profit of 4 948 EUR.
Comparsion with the sectoral average
BALTIC MUSIC OÜ operates in the sector PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES, where the average monthly salary is 1 156 EUR. In Valga, where the company operates, the average monthly salary is 934 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).