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The French government announced an increase of 1.13% to the interprofessional minimum wage for growth (SMIC).
Additional Information: Additional details on the minimum wage determination can be found here. EU Blue Cards are subject to a separate salary threshold. Additionally, the compensation for internships is increasing to €4.35 per hour, compared to the previous hourly rate of €4.05.
BAL Analysis: Businesses may see an increase in labor costs because of the new minimum wage. Employers should take the new wage minimums into account when planning their 2024 budgets.
This alert has been provided by the BAL Global Practice Group.
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