Average salary in luxembourg

Hays has published its Salary Guide for Luxembourg, covering 13 sectors and more than professions. Photo: Shutterstock.

Luxembourg not only offers the highest salaries in Europe, but also the highest minimum wage, which is about to increase. The fact that Luxembourg stands out so much on the salary chart is partly due to the special nature of its economy. Not only does Luxembourg offer a full-time job at 40 hours a week, but it is also home to a major financial centre. Together with public sector jobs, which are also among the best paid sectors, the average is therefore pulled upwards. However, this average must be put into perspective. Although Luxembourg is the European champion in terms of purchasing power and can also achieve equal wages for men and women , it has to contend with major inequalities. This goes so far that two out of five Luxembourgers say they have to tighten their belts.

Average salary in luxembourg

Arriving in Luxembourg and looking for work? When you're looking for work in a country other than your home country, it's important to have some simple, practical benchmarks in mind about the levels of remuneration on offer. Wages are freely agreed between employer and employee. It represents the consideration for the work performed. This negotiation takes place during the recruitment process , between the job-seeker and the recruitment officer. Negotiations can also take place during the term of the contract. In salary negotiations, we always talk about gross salary. This is the theoretical salary, i. Tax is deducted at source by the employer. The gross salary does not take into account any benefits in kind that may be negotiated in addition. A number of charges must be deducted from the negotiated gross salary to obtain the net salary actually paid to the employee. Social contributions represent the social security contributions paid to the CCSS by both the employee and the employer. Social security contributions cover health insurance, old-age pension insurance and unemployment insurance. These deductions vary according to the instructions issued annually by the Ministry of Finance.

Luxembourg City Saint-Esprit car park fully reopens to public. Minimum salary rates.

The salaries of skilled and unskilled workers in the Grand Duchy are discussed in this article. Luxembourg is famous for its solid economy, high living standard, and one of the highest salaries in Europe. In terms of material living conditions and financial satisfaction, Luxembourg is outperforming the whole European Union. While the average index of this bloc is 6. In terms of amount, Luxembourg's average salary ranks first among European countries According to Eurostat.

Luxembourg, the tiny but prosperous nation nestled in the heart of Europe, has been a beacon of economic stability and high living standards. Renowned for its financial services sector and global corporations, average salary in Luxembourg is one of the highest in Europe. We will explore both statistical data and insightful information on various professions. Luxembourg has consistently been ahead of the curve when it comes to economic prosperity and financial satisfaction. It outperforms the entire European Union in terms of material living conditions , with a remarkable index of 6. This outstanding performance is mirrored in the realm of salaries, where Luxembourg stands head and shoulders above the European average. According to Eurostat , the average salary in Luxembourg amounts to a substantial 48, euros per year or 4, euros per month, far exceeding the European average of 33, euros per year or 2, euros per month.

Average salary in luxembourg

The salaries of skilled and unskilled workers in the Grand Duchy are discussed in this article. Luxembourg is famous for its solid economy, high living standard, and one of the highest salaries in Europe. In terms of material living conditions and financial satisfaction, Luxembourg is outperforming the whole European Union.

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Who has the best chance to find a job in Luxembourg. The triggering of the index affects all wages, which must be raised by 2. If an employee is required to work at weekends, a permit from the Ministry of Labor must be obtained to do so. Find out more about taxation in Luxembourg. With effect from September 1, , following a further increase in the index band, the monthly social wage now stands at : 2, Skip to main content. Most read. Download for free. Economy Netherlands: average annual salary and bonuses Although there are positions available for foreigners, the competition is very high, as well as the requirements for applicants. In Luxembourg, salaries are regulated by the government by means of laws, collective agreements, the Ministry of Labor, and the employers themselves.

Arriving in Luxembourg and looking for work? When you're looking for work in a country other than your home country, it's important to have some simple, practical benchmarks in mind about the levels of remuneration on offer.

This figure may seem more worrisome than the previous one, due to the overall economic recession. Moovijob Night, Luxembourg recruitment evenings Moovijob Nights are Other statistics that may interest you Employment in the Benelux Overview 5. These rates were similar in Who has the best chance to find a job in Luxembourg. For the 3rd time in , the index has triggered a further rise in salaries, representing an overall increase of 7. Accessed: March 06, Moreover, the average salary of Luxembourg civil servants is very attractive — euros per month, which is just over per year. To access this feature you need a Statista Account. Economy Average monthly disposable income per household in Luxembourg Find out more, by sector and seniority.