ESTO AS: Wage rally
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In the third quarter of 2020, ESTO AS team consisted of 14 employees, who were paid an estimated average gross salary of 2 205 EUR / month.
Comparsion with the previous quarter
Compared to the second quarter the team increased by 3 members in the last quarter (21%) and the salary was reduced by an average of - 195 EUR per employee (-9%).
Summary of the year
Each year, an employee receives an average salary of 1 846 EUR per month and a turnover of an average of 1 290 EUR for the company. Labor costs are an average of 229% 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 1 966 EUR / month (total salary fund) and in that case the company would close its financial year with a similar profit of 23 600 EUR.
Comparsion with the sectoral average
ESTO AS operates in the sector FINANCIAL AND INSURANCE ACTIVITIES, where the average monthly salary is 1 912 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).