Salary

Salary

The average net salary in October 2019 was BAM 910 (EUR 465,3). Average monthly gross salary in October 2019 was BAM 1.412 (EUR 721,9).
The highest average net salary in October 2019 analyzing areas of activities was paid out in the financial and insurance activities sector – BAM 1.389 (EUR 710,2) and the lowest average net salary in same period was paid out in construction sector – BAM 637 (EUR 325,7).
Salary of employees cover salaries for full time, part time and overtime work, payments from business entity resources for paid but not worked hours, such as annual leave, national holidays and days off as prescribed by law, paid leave, paid leave for vocational training, work interruptions without employees’ fault and sick leave paid by employer.

LIST OF AVERAGE SALARIES BY SECTIONS

EXAMPLE OF SALARY CALCULATION

“All progress takes place outside the comfort zone”

– by Michael John Bobak –