Salaries of Managers of the Credit Guarantee Fund for Small and Medium Enterprises

Tuyet Hoan

19:42, 10/07/2024

The Ministry of Labor, Invalids and Social Affairs has just issued Circular 04/2019/TT-BLDTBXH guiding the implementation of the management of labor, wages, remuneration, and bonuses for the Credit Guarantee Fund for small and medium-sized enterprises.

The average planned salary level of full-time managers is determined according to the following formula:

TL_bqkh = TL_cb + TL_cb x H_ln

Where:

- TL_bqkh: The average planned salary level of full-time managers;- TL_cb: The basic salary level of full-time managers;- H_ln: The additional salary coefficient compared to the basic salary level associated with the difference between revenue and expenditure. The difference of less than 3 billion is calculated at a maximum of 0.3; from 3 billion to less than 5 billion is calculated at a maximum of 0.5; from 5 billion to less than 10 billion is calculated at a maximum of 0.7; from 10 billion or more is calculated at a maximum of 1.0.

More details can be found in Circular 04/2019/TT-BLDTBXH which takes effect from March 08, 2019.

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