Explore salary structures and compensation details in Belarus
Understanding market competitive salaries in Belarus is crucial for both employers and employees. A competitive salary attracts and retains top talent, while an uncompetitive one can lead to recruitment difficulties and high turnover. This guide explores key factors influencing market competitive salaries in Belarus.
Several factors influence market competitive salaries in Belarus:
Here are some reputable resources to help you research market competitive salaries in Belarus:
Belarus adheres to a nationally mandated minimum wage, ensuring a baseline income for employees.
The Council of Ministers of the Republic of Belarus is the authority that establishes the minimum wage annually, effective January 1st. The Council consults with republican associations of employers and trade unions before setting the minimum wage. This process adheres to Article 64 of the Code of Laws of the Republic of Belarus on Labor (hereinafter referred to as the Labor Code).
The minimum wage must be at least 30% of the predicted average monthly wage in the country. The National Council on Labor and Social Issues proposes the minimum wage based on the socio-economic development forecast for the year.
As of January 1, 2024, the minimum wage in Belarus is BYN 626.00 per month.
In Belarus, while there are no statutory bonuses mandated by law, many employers offer various bonuses and allowances to attract and retain talent.
Companies often provide bonuses tied to individual or team performance exceeding set targets. This can motivate employees and contribute to a results-oriented culture. Examples of these include sales commissions, performance-based bonuses for exceeding quotas, or end-of-year bonuses based on company profitability.
Beyond the basic salary, companies may offer various allowances to support employee well-being and offset living expenses. Common allowances include meal allowances, transportation allowances, mobile phone allowances, and relocation allowances.
Though not mandated by law, some companies offer a 13th-month salary as a year-end bonus. This benefit is typically mentioned in the employment contract or collective bargaining agreement.
Understanding payroll cycles in Belarus is essential for both employers and employees. Here's a breakdown of the legalities and common practices:
Belarusian law mandates employers to pay salaries at least once a month for employees working under an employment contract. The Labor Code also allows employers to pay salaries twice per month for employees working under a labor agreement.
While the law permits bi-monthly payments, the most common practice in Belarus is to pay salaries once a month, typically at the beginning of the following month. It's a prevalent practice for companies to offer an advance payment of around 40% of the salary in the middle of the current month, with the remaining balance paid at the beginning of the next month.
The payroll cycle should be aligned with the Belarusian tax year, running from January 1st to December 31st. The Belarusian ruble (BYN) is the official currency for salary payments, even if the contract mentions a foreign currency.
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