GEKO CYCLING OÜ: Wage rally
Did you notice typos in the article?
In the third quarter of 2020, GEKO CYCLING OÜ team consisted of 3 employees, who were paid an estimated average gross salary of 780 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 731 EUR per month and a turnover of an average of 1 811 EUR for the company. Labor costs are an average of 58% of turnover.
The company would probably not have enough funds to increase the payroll, because the company ended the last declared financial year period (2018) with a loss. If the company increased the salary of each employee by 100 EUR / month, the company's loss would increase by another 4 824 EUR.
Comparsion with the sectoral average
GEKO CYCLING OÜ operates in the sector OTHER SERVICE ACTIVITIES, where the average monthly salary is 843 EUR. In Tartu, where the company operates, the average monthly salary is 1 028 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).