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VETIFOR OÜ

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VETIFOR OÜ: Wage rally

In the fourth quarter of 2020, VETIFOR OÜ team consisted of 1 employees, who were paid an estimated average gross salary of 650 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 601 EUR per month and a turnover of an average of 6 918 EUR for the company. Labor costs are an average of 13% 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 887 EUR / month (total salary fund) and in that case the company would close its financial year with a similar profit of 10 644 EUR.

Comparsion with the sectoral average

VETIFOR OÜ operates in the sector PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES, where the average monthly salary is 1 156 EUR. In Põlva, where the company operates, the average monthly salary is 987 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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