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FINTECH OÜ: Wage rally

FINTECH OÜ: Wage rally

In the fourth quarter of 2020, FINTECH OÜ team consisted of 23 employees, who were paid an estimated average gross salary of 975 EUR / month.

Comparsion with the previous quarter

Compared to the third quarter the team increased by 3 members in the last quarter (13%) and the salary was reduced by an average of - 340 EUR per employee (-35%).

Summary of the year

Each year, an employee receives an average salary of 1 092 EUR per month and a turnover of an average of 136 EUR for the company. Labor costs are an average of 954% 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 552 EUR / month (total salary fund) and in that case the company would close its financial year with a similar profit of 6 635 EUR.

Comparsion with the sectoral average

FINTECH OÜ operates in the sector CONSTRUCTION, where the average monthly salary is 1 027 EUR. In Pärnu, where the company operates, the average monthly salary is 995 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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