Minimum Wage in Armenia

How much is the minimum wage in Armenia, what are the average salaries? A person working in Armenia earns an average of 160,000 AMD (390 USD) per month. The salary range is as follows; the lowest salary is 68,000 AMD (165 USD) and the highest salary ranges from 1,460,000 AMD (3,560 USD).

The Minimum wage in Armenia is set at 68,000 AMD for every month as of January 2022. This amount is about 60 percent of the net average monthly wage of 2019, which is close to the European norm. In other words, if a working individual earns that much, it would be difficult to even maintain a basic standard of living. That is why increasing the minimum wage is very important. But what should be the minimum wage? How much does an average worker earn per month?

Minimum Monthly Wage

The official minimum monthly wage in Armenia is 55,000 AMD. However, the median wage is between 150,000 and 160,000 AMD. It is not unusual to see workers earning more than this amount. For this reason, there are some important regulations you need to follow. These include age restrictions and a minimum wage. In Armenia, you must be at least 16 years old to be employed full time. Under the age of 14, you will need a parent’s written permission before signing an employment contract.

Currently, the Armenian Labor Code says that the minimum wage must be at least 1.5 times the consumer basket. This means that the minimum wage in Armenia should be 80,000 AMD as of September 2019. However, the draft has been amended and is expected to be implemented in 2023. The government’s action plan also requires that any increase in the minimum wage should be accompanied by corresponding economic opportunities. This is especially important in times of economic crisis.

Minimum Wage SalariesPin

According to official data, the minimum monthly wage in Armenia is 68,000 drams ($165.00). This increase represents a %23.6 increase in the minimum wage. The change in salary is expected to affect about 45,000 employees in the public and private sectors. Earlier, the increase was set at 8,000 AMD. However, the Armenian Minimum Monthly Salary Law will raise the amount by an additional 13,000 AMD. However, the increase is not sufficient, because there are many other factors.

In 2015, the Armenian government increased the minimum wage to 55,000 drams. The government also increased pensions by 10%. The minimum wage in Armenia is now 50% of the average monthly salary. If that increase takes effect, the minimum wage in Armenia will eventually surpass 80,000 drams. And even if it doesn’t, it won’t be as high as the national minimum wage. The government will continue to study the economic indicators of Armenia and adjust the minimum wage accordingly.

Hourly Wage

The current minimum wage in Armenia is 68,000 AMD an hour. Generally, the hours of work are eight hours per day and forty hours per week. Overtime is allowed but cannot exceed four hours per day and 120 hours per year. Overtime is subject to documentation requirements. Armenian labor laws stipulate that a person cannot be paid more than the minimum wage. The minimum wage in Armenia has been increased %23.6 in recent years.

Minors are allowed to work in Armenia as long as they have parental consent and engage in temporary work. Minors under the age of 16 are not permitted to work on holidays or days off. Minors aged 16 and above can work up to 36 hours a week. They must also have written consent from their parents or guardians. For minors, the minimum wage is $7.60 an hour. These minimum wages may not be negotiated, but they are sufficient for most Armenian workers.

Armenia has a flexible tax system. Personal income tax in Armenia is 21%, and business taxes range from 0-5%. However, independent contractors in Armenia may be subject to business taxes of up to 5%. Consequently, it is important to understand the tax implications of the Armenian minimum wage. You will have to pay taxes on your income as well as on benefits. The minimum wage in Armenia is 55,000 AMD per month.

In Armenia, employees must sign an employment contract. The contract must clearly outline the duties of the worker, where they will work, and the compensation they will receive. If they are foreigners, the employment contract must contain specific provisions for their rights and the costs involved. Armenian tax laws require employers to notify the tax office of new hires. It also prohibits employers from dismissing an elected representative of the workers without their consent.

Increases in Minimum Wage

The Armenian Parliament recently approved a bill on the minimum monthly wage. Starting in January 2020, the minimum wage will rise to 68,000 AMD – 60 percent of the net average monthly wage for 2019. This figure is in line with the European Union norm, and almost equals the cost of a monthly consumer basket. For those on a fixed income, this would mean that the working individual is limited to ensuring his or her own minimum standard of living.

The increase in minimum wage is expected to benefit more than 57,000 people, but there are a few hurdles. Earlier versions of the bill would have affected the salaries of state officials, who are based on the same figure as the minimum wage. MPs would have also been affected by the increase, so lawmakers amended the legislation to exclude them. MPs, however, were assured that their salaries would not rise as a result of the increase in the minimum wage. Even the PM Ararat Mirzoyan joked that the government should give no increase to the MPs.

The allowance will also be increased to 26500 drams a month by July 2020. The increase is intended to stimulate child birth rates in rural areas, and will double the allowance for mothers with children under two. The budget for the 2020 year allocated 4.8 billion drams to this allowance. This will be passed by parliament in November. The increase will have a negative impact on the minimum wage in rural Armenia, but there are benefits for both sides.

In addition to increased costs for workers, increases in minimum wages can also lead to a drop in incomes, as employers are forced to cut the number of employees or increase prices. This can lead to a decrease in the level of employment and an increase in the level of poverty. There are several factors that affect the amount of minimum wages, such as the level of competition in the labor market, and the elasticity of the labor demand.

Increases In Overtime Restrictions

The Labour Code in Armenia regulates the working hours and the amount of time an employee can work, and overtime is strictly prohibited. Overtime is not considered compensable work if it exceeds 1.5 times the normal hourly rate of pay. Work hours cannot exceed 180 hours per year and employers are not allowed to force employees to work more than 4 hours over the normal working week on consecutive days. Employers must also keep meticulous records of working time logs, which is a requirement of Armenian law.

In Armenia, employers are required to offer at least three days of unpaid leave to employees for marriage. Additionally, employees are required to work during a probationary period of three months, and may be terminated after that time with a notice period of three days. Depending on the contract of employment, the probationary period may be for up to six months. The contract of employment may be terminated at any time if the employee gives written notice to the employer.

Minimum wage in Armenia is Dram 55,000 per month, excluding taxes. Since 2011, the minimum wage has increased by ten to fifteen percent. This minimum salary does not include bonuses, additional payments, and incentive payments. Working hours cannot exceed forty hours per week. The daily working period must not exceed eight hours, except for exceptions in the Labour Code. Overtime is not permitted to exceed twelve hours daily or forty hours per week.

The law in Armenia prohibits the employment of persons who are less favorable to their own interests, including pregnant women who care for infants under one year. Armenian labour law also prohibits employers from engaging in dangerous work, and stipulates that women who are pregnant or caring for a child under one year of age are not permitted to work at jobs with hazardous conditions. Additionally, women who are studying for exams or performing public services are also protected by the law.

Reasons For Termination Of Employment

The law in Armenia outlines the reasons for terminating employment. Unnecessary absences, refusal to cooperate with a medical examination, and lack of competency are common reasons for dismissal. According to the legislation, the employer must give the employee written notice of the termination. This notice must be provided within three days if the employee is on probation, seven days if the termination is the result of mutual agreement, and fourteen to sixty days for employees who are fired for violating essential terms of employment.

The Human Rights Defender is responsible for investigating complaints of discrimination and other issues related to employment rights. Articles 32 and 37 of the Constitution guarantee the right to choose occupation, minimum wage, and safe working conditions. In addition, these laws provide for social security. In the case of minimum wage employees, they are protected by their right to form unions and join employers’ associations. This freedom of association also protects the rights of both employees and employers.

There are some exceptions to these provisions. Some countries don’t allow employers to dismiss employees who receive government benefits, such as subsidies or reduced working hours. Other countries do not have any specific laws against dismissal. Armenia doesn’t recognize same-sex unions, but some companies may choose to offer paid maternity leave. Employees taking sick leave for work-related reasons are entitled to regular benefits until they’re able to return to work. Employees who have been off sick for no more than 120 days in a calendar year are entitled to return to their original positions.

The Armenian Employment Law is a proactive policy aimed at regulating the employment process. It envisages a flexible annual program of state regulation of employment. It emphasizes securing stable employment for beneficiaries. Further, the law also aims to prevent the discrimination of employees. It also ensures that the employee receives a minimum wage. But the law doesn’t prevent termination on medical grounds or because the role is no longer needed.

 

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