Private sector companies are now authorized to commence payments for the annual salary compensation, designated as K-15. The established minimum compensation rate for 2026 has been set at 19,116 denars. This figure is calculated based on the average net salary recorded for June, March, and April of the current year, which totals approximately 47,790 denars.
Under the General Collective Agreement governing the private sector, the statutory minimum K-15 payable is set at 40 percent of this calculated base salary. Eligibility for this compensation requires that employees working within the private sector must demonstrate a minimum of six months of continuous employment with the same employer during the calendar year. Employers retain the discretion to provide a compensation amount exceeding the established minimum if such a higher figure is mandated by a specific collective agreement or incorporated into the company’s internal acts.
Furthermore, provisions exist to account for specific business conditions. In instances where companies are operating at a loss or are facing demonstrable financial difficulties, specialized guidelines apply regarding the payment of this compensation. These regulations ensure that while the minimum standard is maintained, the financial realities of the business environment are also addressed.
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