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Minimum Wage

The minimum wage is increased by 1.13% as of January 1, 2024

Publié le 21 décembre 2023 - Directorate for Legal and Administrative Information (Prime Minister)

At 1^er January 2024, the Smic will amount to €1,766.92 gross per month, or €1,398.69 net for 35 hours per week. This is an increase of 1.13%, as stated in the decree published in Official Journal December 21, 2023. Service-Public.fr informs you about these changes.

Image 1Crédits: sommart - stock.adobe.com

Each year, the minimum wage for growth between occupations (SMIC) is increased annually by decree on 1^er January, which takes into account inflation developments for the lowest 20 percent of households. Furthermore, each increase of at least 2% in the consumer price index is automatically followed by a corresponding increase in the minimum wage.

In January 2024, it is automatically upgraded by 1.13% to €1,398.69 net. The gross amount rises to €1,766.92. This is specified in a decree of December 20, 2023, raising the minimum growth wage, published in the Official Journal December 21, 2023.

At 1^er May 2023, the Smic increased by 2.22% as a result of the annual legal increase. Since then, it has amounted to €1,747.20 gross monthly, or €1,383.09 net (gross hourly amount €11.52).

The new amounts as of January 2024:

Net Smic at 1^er January 2024: €1,398.69
Gross Smic at 1^er January 2024: €1,766.92
Net hourly minimum on 1^er January 2024: €9.22
Gross hourly minimum on 1^er January 2024: €11.65

FYI

the amount of the Smic is automatically increased to 1^er January of each year according to inflation and purchasing power indicators.

The amount of the net minimum wage received by the employee depends on the company concerned and on certain contributions linked to the sector of activity.

Please note

in Mayotte, the gross hourly minimum wage is increased from €8.70 to €8.80, i.e. a gross monthly amount of €1,334.67 based on the legal working time of 35 hours per week.

The guaranteed minimum is €4.15 per 1^er January 2024 (€4.10 at 1)^er May 2023).