Wage Indexation in Luxembourg - 2023
In 2023, Luxembourg experienced significant adjustments to its social parameters through wage indexation. This latest adjustment reflects changes in the economic landscape, ensuring fair compensation and promoting social stability.
Details
- Year: 2023
- Valid from: September 1, 2023
- Index: 944,43
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18 years and over, unqualified:
- Minimum reference wage at index 100: 272,22
- Minimum monthly wage: 2.570,93 €
- Minimum hourly wage: 14,8609 €
-
17 - 18 years:
- Minimum reference wage at index 100: 217,78
- Minimum monthly wage: 2.056,74 €
- Minimum hourly wage: 11,8887 €
-
15 - 17 years:
- Minimum reference wage at index 100: 204,17
- Minimum monthly wage: 1.928,20 €
- Minimum hourly wage: 11,1457 €
-
18 years and over, qualified:
- Minimum reference wage at index 100: 326,66
- Minimum monthly wage: 3.085,11 €
- Minimum hourly wage: 17,8330 €
* Amounts are given in gross and based on a full-time employment of 40 hours per week.
Impact
It is important for both employees and employers to understand the implications of these changes. The goal of these adjustments is to maintain a balanced cost of living and strengthen the well-being of the workforce. For a better understanding of the changes and their impact, review the specific parameters and their evolution over time below: