Salaries

The dynamics of nominal and real average salaries in the region’s organizations (including small business entities) in a comparable group of companies are as follows:

Kaluga Region ranks 3^rd in the Central Federal District by the amount of  average monthly wage (1^st place — Москва, 2^nd place — Moscow Region). RUR 35 542,4 — average monthly accrued wage in the region (November 2018)

1.Minimum Salary

The minimum salary in Kaluga Region is established as not less than the minimum subsistence rate for the employable population, and in the January of 2019 is equal to RUR 11,280 (the amount is revised quarterly, taking into account the rate of inflation).

2.Maximum Salary

Each employee’s salary depends on his/her qualification, the complexity of performed work, amount and quality of performed work and is not limited by any maximum level (article 132 of the Labor Code of the Russian Federation).

3. Purchasing Power

An employee’s average monthly salary provides – 3.6 minimum regional subsistence rates.

For 2018 in the organizations of the region with the number of up to 15 people, the average monthly accrued wages of employees (without payments of a social nature) amounted to 35 542.4 rubles. and compared to the corresponding period last year increased by 36%.

The average monthly accrued wages (without payments of a social nature), for January 2019, by type of economic activity was characterized by the following data: