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FINTEMEC OÜ: Wage rally

FINTEMEC OÜ: Wage rally

In the third quarter of 2020, FINTEMEC OÜ team consisted of 30 employees, who were paid an estimated average gross salary of 1 615 EUR / month.

Comparsion with the previous quarter

Compared to the second quarter the team decreased by 4 (-13%) and the salary was increased by an average of 705 EUR per employee (44%).

Summary of the year

Each year, an employee receives an average salary of 1 262 EUR per month and a turnover of an average of 7 160 EUR for the company. Labor costs are an average of 30% of turnover.

Wage rally

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 48 240 EUR.

Comparsion with the sectoral average

FINTEMEC OÜ operates in the sector MANUFACTURING, where the average monthly salary is 1 130 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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