France: Minimum Wage Increase Effective 1st of November 2024

Decree no. 2024-951 of 23rd October 2024 that takes effect starting 1st November 2024 provides that the minimum wage (« SMIC ») will be increased.

 

Where?	Minimum hourly wage	Minimum monthly wage based on 35 hours/week (151.67 hours/month)
In Mainland France, Guadeloupe, French Guyana, Martinique, Réunion, Saint-Barthélemy, Saint-Martin and Saint-Pierre-et-Miquelon	EUR 11.88 gross per hour	EUR 1,801.80 gross
Mayotte	EUR 8.98 gross per hour	EUR 1,361.97 gross

Key Action Points for Human Resources and In-House Counsel

Companies must increase the salary of all employees employed at the minimum wage. Make sure that your compensation policy complies with this new minimum. In addition, make sure that the minimum wage provided for in your collective bargaining agreement also complies with this new minimum amount.