The minimum hourly wage rises to €11.88 on November 1st, 2024
The minimum hourly wage rises to €11.88 on November 1st, 2024
From November 1st, 2024, as indicated by the new French Prime Minister Michel BARNIER in his general policy speech, the minimum legal wage (called “Smic”) will increase by 2%.
It should be noted that this is not a ‘boost’, but an anticipation of the statutory increase scheduled for January 2025, i.e. 2 months earlier.
We therefore advise you to check minimum wages from your Collective Bargaining Agreement (“CBA”):
As a reminder, any changes to an employee's remuneration, whether upwards or downwards, must be set out in an amendment to the employment contract.
It should be noted that this is not a ‘boost’, but an anticipation of the statutory increase scheduled for January 2025, i.e. 2 months earlier.
- The minimum hourly wage will therefore rise from €11.65 gross to €11.88, i.e. €1,801.80 gross per month for a 35-hour week, compared with €1,766.96 from January 2024.
- This amount applies in metropolitan France, Guadeloupe, French Guiana, Martinique, Réunion, Saint-Barthélemy, Saint-Martin and Saint-Pierre-et-Miquelon. In Mayotte, the minimum hourly wage is now €8.98 gross.
We therefore advise you to check minimum wages from your Collective Bargaining Agreement (“CBA”):
- Some CBA have negotiated minimum wages higher than the legal one. In these cases, you should continue to apply them.
- Other CBA have negotiated minimum wages that are lower than the legal one. However, the minimum legal wage must be respected, even in the presence of less favourable collective bargaining provisions. Salaries that are aligned with the old “Smic” or the minimum wages from a CBA that have become obsolete will therefore have to be readjusted.
As a reminder, any changes to an employee's remuneration, whether upwards or downwards, must be set out in an amendment to the employment contract.
Our teams can advise you on how to manage these new measures. Do not hesitate to come back to us if you wish to be accompanied.