Cryptocurrency Q&A
What is minimum wage in Bora Bora?
What is minimum wage in Bora Bora?
EthereumElite
Thu Oct 17 2024
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7 answers
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I'm interested in finding out about the minimum wage in Bora Bora. I'd like to know what the lowest amount that employers are required to pay their employees for their work in this specific location is.
7 answers
Enrico
Sat Oct 19 2024
The Guaranteed Minimum Interprofessional Wage (SMIG) in French Polynesia serves as a benchmark for hourly earnings in the country. Currently, it stands at XPF 904.82 per hour, ensuring that workers are compensated fairly for their labor.
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BlockchainBaroness
Sat Oct 19 2024
For full-time employees working a standard 40-hour workweek, the SMIG translates to a monthly salary of approximately XPF 152,914. This figure provides a clear understanding of the minimum financial security expected for those engaged in full-time employment.
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LitecoinLodestar
Sat Oct 19 2024
Employers in French Polynesia are obligated to contribute to the social security system, in addition to paying their employees' wages. These contributions are aimed at providing financial support and benefits to workers in times of need.
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BlockchainWizardGuard
Fri Oct 18 2024
The social security contributions made by employers increase the total labor costs by approximately 30%. This additional expense is necessary to maintain the sustainability and effectiveness of the social security system in the country.
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CoinPrince
Fri Oct 18 2024
Despite the additional cost, employers recognize the importance of contributing to the social security system. It provides a safety net for workers and their families, ensuring that they have access to essential services such as healthcare and unemployment benefits.
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