JUVIT OÜ: Wage rally
In the fourth quarter of 2020, JUVIT OÜ team consisted of 8 employees, who were paid an estimated average gross salary of 1 100 EUR / month.
Comparsion with the previous quarter
Compared to the third quarter the team decreased by 3 (-38%) and the salary was increased by an average of 260 EUR per employee (24%).
Summary of the year
Each year, an employee receives an average salary of 783 EUR per month and a turnover of an average of 1 983 EUR for the company. Labor costs are an average of 74% 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 118 EUR / month (total salary fund) and in that case the company would close its financial year with a similar profit of 1 416 EUR.
Comparsion with the sectoral average
JUVIT OÜ operates in the sector CONSTRUCTION, where the average monthly salary is 1 027 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).