Wages and Incidental Costs | HEUSER RECHT UND STEUERN
Wages
Needless to say that wages
are one of the most important
topics in business. No
matter if they are calculated
on an hourly, daily, weekly
or monthly basis, it is of
utmost importance to pay
careful attention to payroll
accounting. Employees
can receive a fixed salary
or a combination of fixed
and performance-based
salary components. There
is no upper limit for wages
but in Germany, there are
mandatory minima.
Minimum Wage Law
02 • www.heuser.de
Collective Bargaining Agreements
Since the minimum wage law was
introduced in 2014, its amount has been
growing at different rates. 2020, workers
and employees are entitled to earn at least
€9.35 per hour. 2021, this amount will
prospectively increase to €9.85 per hour.
In sectors which are subject to a collective
bargaining agreement it is mandatory that
the wages comply with it. This applies
to regional and sectoral agreements as
well as to company agreements, which
has been negotiated between employer
representatives and the responsible trade
union.
Please find more information on Collective
Bargaining Agreements in our E-Journal
“Trade Unions and Representatives”