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MODIFY OÜ: Wage rally

MODIFY OÜ: Wage rally

In the third quarter of 2020, MODIFY OÜ team consisted of 4 employees, who were paid an estimated average gross salary of 975 EUR / month.

Comparsion with the previous quarter

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

Summary of the year

Each year, an employee receives an average salary of 1 261 EUR per month and a turnover of an average of 17 249 EUR for the company. Labor costs are an average of 8% 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 4 766 EUR / month (total salary fund) and in that case the company would close its financial year with a similar profit of 57 199 EUR.

Comparsion with the sectoral average

MODIFY OÜ operates in the sector REAL ESTATE ACTIVITIES, where the average monthly salary is 953 EUR. In Harju, where the company operates, the average monthly salary is 1 340 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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