Payroll Adjustments for year 2024
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11 January, 2024
Cost of Living Adjustment
Full Timers: Eur 12.81 per week
Part Timers: Eur 0.32 per hour
Minimum Wage
Aged 18 years and over - € 213.54 per week
Aged 17 years - € 206.76 per week
Aged below 17 years - € 203.92 per week
Public & National Holidays for the year 2024:
Monday, 1st January New Year's Day,
Saturday, 10th February Feast of St Paul's Shipwreck
Tuesday, 19th March Feast of St Joseph
Friday, 29th March Good Friday
Sunday, 31st March Freedom Day
Wednesday, 1st May Workers' Day
Friday, 7th June Sette Giugno
Saturday, 29th June Feast of St Peter and St Paul
Thursday, 15th August Feast of the Assumption
Sunday, 8th September Victory Day
Saturday, 21st September Independence Day,
Sunday, 8th December Immaculate Conception
Friday, 13th December Republic Day
Wednesday, 25th December Christmas Day
Vacation Leave Entitlement
An employee with a 40-hour working week is entitled to 240 hours of paid annual leave; that is, 192hrs basic leave entitlement + 48hrs, in lieu of the 6 Public Holidays that fall on weekends. This is calculated on the basis of a 40-hour working week, and an 8-hour working day. If the average normal hours (excluding overtime) calculated over a period of 17 weeks is below or exceeds 40 hours per week, the vacation leave entitlement in hours should be adjusted accordingly, as provided for in the Organisation of Working Time Regulations. When an employee is in employment for less than 12 months, s/he shall be entitled to a proportionate amount of annual leave.
Unless otherwise agreed to in any applicable collective agreement, the employer may utilize up to the equivalent in hours of twelve working days from the annual leave entitlement for the purposes of any type of shutdown.
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