[France] Minimum wage will rise by 2.41% on June 1

In France, the Ministry of Labour and Solidarity has announced a midyear minimum wage (SMIC) increase in response to high inflation. The 2.41 per cent hike comes into effect on June 1, BAL reports.

The hourly SMIC will rise from €12.02 to €12.31, increasing the gross monthly wage from €1,823.03 to €1,867.02.

Alongside the increase, salary thresholds applicable to certain immigration procedures will also reportedly go up.

The thresholds are now as follows:

• The salary must be at least equal to the SMIC for those on Intra-Corporate Transferee Employee and Seconded Trainee status and Employee or Temporary Worker status.

• The required annual gross salary threshold increases from €32,814.60 to €33,606.36 for those on Job Search/Business Creation status.

• The annual gross salary must now exceed €33,606.36 for individuals changing status from Student to Employee who hold a master’s degree obtained in France and want the exemption from the labour market test.

• The minimum annual gross remuneration is increased to €22,404.24 for individuals with Talent - Project Holder status and Talent - Internationally Renowned status.

• The annual gross salary threshold is increased to €67,212.72 for those with Talent - Legal Representative status.

• The minimum gross monthly remuneration is now set at €1,306.91 for individuals with Talent - Artistic and Cultural Profession status.

Source: BAL

In France, the Ministry of Labour and Solidarity has announced a midyear minimum wage (SMIC) increase in response to high inflation. The 2.41 per cent hike comes into effect on June 1, BAL reports.

The hourly SMIC will rise from €12.02 to €12.31, increasing the gross monthly wage from €1,823.03 to €1,867.02.

Alongside the increase, salary thresholds applicable to certain immigration procedures will also reportedly go up.

The thresholds are now as follows:

• The salary must be at least equal to the SMIC for those on Intra-Corporate Transferee Employee and Seconded Trainee status and Employee or Temporary Worker status.

• The required annual gross salary threshold increases from €32,814.60 to €33,606.36 for those on Job Search/Business Creation status.

• The annual gross salary must now exceed €33,606.36 for individuals changing status from Student to Employee who hold a master’s degree obtained in France and want the exemption from the labour market test.

• The minimum annual gross remuneration is increased to €22,404.24 for individuals with Talent - Project Holder status and Talent - Internationally Renowned status.

• The annual gross salary threshold is increased to €67,212.72 for those with Talent - Legal Representative status.

• The minimum gross monthly remuneration is now set at €1,306.91 for individuals with Talent - Artistic and Cultural Profession status.

Source: BAL