Social Parameter Index

Wage indexation in Luxembourg - April 2024

In 2024, Luxembourg experienced adjustments in social parameters as part of the annual indexation of salaries. This process ensures that compensation aligns with economic changes, fostering fairness and stability.

Details

  • Year: 2024
  • Month: April
  • Valid from: 01/01/2024
  • Index: 944,43
  • 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

Understanding the consequences of these adjustments is essential for both employees and employers. The goal is to maintain a harmonious balance in the cost of living and strengthen the well-being of the workforce.

Why not try Salary for yourself and see how easy payroll can be?

Evolution to date

Explore how wage indexation has evolved over time:

Keep track of these developments to gain a comprehensive understanding of the evolving social parameters in Luxembourg.