27 Years Ago, Steve Jobs Said the Best Employees Focus on Content, Not Process

Re:27 Years Ago, Steve Jobs Said the Best Employees Focus on... by speeder on Monday January 01, 2024 @10:15AM (#38832311)

I am in Portugal. Here your real wages are tiny compared to the company expenses.

To start: everyone pays 34.75% of mandatory social contribution, even if you are on minimum wage. Government tricks people saying the contribution is "only" 11% but charges the other 23.75% from the employer.

So if a company pays 1000 eur to "you" (remember a chunk goes straight to government and skips you, but they are still spending that to pay you) you get 652.5 euro. Or 65% roughly. And that is only the social contribution part.

The average income tax for a tech worker is around 20%. Thus you get instead 500 euro flat.

Thus a Portuguese company to hire a tech worker would literally spend the double of your taxless wages just to hire you and pay the income taxes and social contribution. Then if you factor all other potential expenses things get even sillier.

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Re:27 Years Ago, Steve Jobs Said the Best Employees Focus on... by pintxo on Monday January 01, 2024 @02:53PM (#38834788)

So, Portugal is pretty much in my 1.2-1.3 range?

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Re:27 Years Ago, Steve Jobs Said the Best Employees Focus on... by speeder on Wednesday January 03, 2024 @10:15AM (#38855002)

So a company to pay 500 euro in wages, spends 1000. Thus 1000/500 = 1.2 to 1.3. I don't get it.

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Re:27 Years Ago, Steve Jobs Said the Best Employees Focus on... by pintxo on Wednesday January 03, 2024 @03:05PM (#38859094)

I am purely looking at gross salary. As that’s the only measure of interest for the company. How much of that you loose to the state, that’s your problem. /s

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