Pursuant to the Statute of Workers, the minimum wage for all types of employment and for national or foreign employees over 18 years of age engaged in full time work is established annually by the Spanish government.
For 2007 it was set at €19.02 per day and €570.60 per month.
Royal Decree 1763/2007, enacted on 28 December 2007, sets the minimum guaranteed interprofessional wage at €20 per day and €600 per month.
What this means for you
This 5.5% increase in the minimum guaranteed interprofessional wage will affect not only those companies who have employees under such retributive level but also those which fall under the scope of collective bargaining agreements, or any other statutory provisions, which use this figure to determine the corresponding annual salary increase.