ELKE NARVA OÜ: Wage rally
In the fourth quarter of 2020, ELKE NARVA OÜ team consisted of 19 employees, who were paid an estimated average gross salary of 1 390 EUR / month.
Comparsion with the previous quarter
Compared to the third quarter the team decreased by 1 (-5%) and the salary was increased by an average of 350 EUR per employee (25%).
Summary of the year
Each year, an employee receives an average salary of 1 265 EUR per month and a turnover of an average of 19 563 EUR for the company. Labor costs are an average of 10% 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 489 EUR / month (total salary fund) and in that case the company would close its financial year with a similar profit of 5 868 EUR.
Comparsion with the sectoral average
ELKE NARVA OÜ operates in the sector WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES, where the average monthly salary is 1 128 EUR. In Ida-Viru, where the company operates, the average monthly salary is 921 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).