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COTTO OÜ

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COTTO OÜ: Wage rally

COTTO OÜ: Wage rally

In the fourth quarter of 2019, COTTO OÜ team consisted of 1 employees, who were paid an estimated average gross salary of 520 EUR / month.

COMPARISON WITH THE PREVIOUS QUARTER

Compared to the fourth quarter the teams size did not change.

SUMMARY OF THE YEAR

Each year, an employee receives an average salary of 467 EUR per month and a turnover of an average of 846 EUR for the company. Labor costs are an average of 82% of turnover.

WAGE RALLY

The company would probably have enough funds to increase the payroll, because in the last declared financial year (2018) the company ended with a profit, which could increase the salary of each employee by a maximum of 2 EUR / month (total salary fund) and in that case the company would close its financial year with a similar profit of 31 EUR.

COMPARISON WITH THE SECTORAL AVERAGE

COTTO OÜ operates in the sector MANUFACTURING, where the average monthly salary is 1 104 EUR. In Lääne-Viru county, where the company operates, the average monthly salary is 943 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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