PAPALAMP OÜ: Wage rally
In the fourth quarter of 2020, PAPALAMP OÜ team consisted of 5 employees, who were paid an estimated average gross salary of 780 EUR / month.
Comparsion with the previous quarter
Compared to the third quarter the team increased by 1 members in the last quarter (20%) and the salary was reduced by an average of - 320 EUR per employee (-41%).
Summary of the year
Each year, an employee receives an average salary of 1 042 EUR per month and a turnover of an average of 8 901 EUR for the company. Labor costs are an average of 12% 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 2 756 EUR / month (total salary fund) and in that case the company would close its financial year with a similar profit of 33 080 EUR.
Comparsion with the sectoral average
PAPALAMP OÜ operates in the sector MANUFACTURING, where the average monthly salary is 1 125 EUR. In Harju, where the company operates, the average monthly salary is 1 345 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).