In November 2024, approximately 608,000 of the two million employed people in Serbia received a salary of 100,738 dinars or higher, according to official statistics.
At the same time, 86,000 employees had a monthly salary of up to 45,528 dinars, reports N1.
Just under a third of the employed population in Serbia earn at or above the official average salary of 100,738 dinars, as calculated by the Republic Institute for Statistics for November 2024.
Half of the workforce, or around 2.07 million people, earned less than the median salary of 77,830 dinars. Of this group, 86,000 individuals received only the minimum wage of 45,528 dinars (and not a penny more).
The minimum net salary for November 2024 was set at 45,528 dinars, with four percent (86,000) of employees earning up to this amount, according to the RZS response to N1.
The RZS further reminds that the minimum net salary is a calculated category and does not represent a fixed amount paid to workers on minimum wage. Workers earning the minimum wage are entitled to additional benefits under the Labor Law, including holiday pay, night shifts, overtime, seniority, meal allowances, and vacation bonuses, among others.
Therefore, the final amount paid may exceed the minimum salary, including allowances for meals, seniority, or other benefits if applicable.
The minimum wage is earned by employees who have signed contracts with their employers stipulating that their pay will follow the minimum hourly rate determined by the Socio-Economic Council. The minimum wage is the smallest guaranteed amount an employer must pay a full-time employee. Employers are required to specify in a general act or employment contract the reasons for paying the minimum wage.
The official statistics reveal that around 948,000 employees, or 46 percent of the workforce, earned a net salary greater than the minimum but still lower than the median of 77,830 dinars.
More than 20 percent of employees, or around 426,000 workers, earned more than the median salary but less than the average salary of 100,738 dinars.
Finally, approximately 608,000 workers, or 29 percent of employees in November 2024, earned a net salary equal to or greater than the average of 100,738 dinars.
