Minimum wage increases to $4 per hour

By Sialai Sarafina Sanerivi 29 June 2024, 11:30AM

There will be more money to take home for those on minimum wage as the cabinet has approved an increase in the minimum wage rate.

The Ministry of Commerce, Industry, and Labour announced that, following Cabinet Directive FK (24) 25, the minimum wage will increase in two stages.

Effective from 1 July 2024, the new minimum wage will be $4.00 per hour from the current $3.00 per hour. An additional increase of $0.84 will take effect on 1 July 2025, bringing the total minimum wage to $4.84 per hour.

This change applies to the public, businesses, companies, organizations in the private sector, and State-Owned Enterprises.

 

By Sialai Sarafina Sanerivi 29 June 2024, 11:30AM
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