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VARSKESAN OÜ: Wage rally

VARSKESAN OÜ: Wage rally

In the third quarter of 2020, VARSKESAN OÜ team consisted of 4 employees, who were paid an estimated average gross salary of 520 EUR / month.

Comparsion with the previous quarter

Compared to the second quarter the team decreased by 1 (-25%) and the salary was increased by an average of 55 EUR per employee (11%).

Summary of the year

Each year, an employee receives an average salary of 522 EUR per month and a turnover of an average of 5 189 EUR for the company. Labor costs are an average of 13% 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 (2019) with a loss. If the company increased the salary of each employee by 100 EUR / month, the company's loss would increase by another 6 432 EUR.

Comparsion with the sectoral average

VARSKESAN OÜ operates in the sector CONSTRUCTION, where the average monthly salary is 1 030 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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