Background

The rates for minimum hourly and monthly wages are set by the regulation of the Slovak Government for each calendar year and apply to all employees.

New legislation

As of 1 January 2009, the hourly and monthly rates for the minimum wage are increased as follows:

Minimum hourly wage: 1.698 Euros

Minimum monthly wage: 295.5 Euros

Effect on employers

Employers must comply with the prescribed minimum wage amounts. The average monthly salary in Slovakia is 705 Euros, so it is likely that the majority of employers already comply with this legislation.