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The National Council for Wages: 2,400 pounds, the minimum wage for workers in the private sector


The National Wages Council decided, in its meeting headed by Dr. Hala Al-Saeed, Minister of Planning and Economic Development and Chairman of the National Wages Council, to set the minimum wage for workers in the private sector, at 2,400 pounds per month, taking into account the economic conditions of the establishments that are currently unable to comply with it, and their exception to that, starting from The first of January 2022, with the adoption of flexible mechanisms to encourage business owners to implement it, and to give the affected establishments the opportunity to submit their complaint no later than next October to the Council’s Complaints Committee and the Council’s Wages Committee, whether individually for each facility or through its affiliated unions.

 

The council also approved disbursing the periodic bonus to workers in the private sector at 3% of the insurance contribution wage for the worker proven in the 2 insurance form, and at least 60 pounds, starting from July 2021.

 

The meeting was attended by Mohamed Saafan, Minister of Manpower, Dr. Ali Al-Moselhi, Minister of Supply and Internal Trade, Dr. Maya Morsi, President of the National Council for Women, Dr. Saleh Al-Sheikh, Head of the Central Agency for Organization and Administration, Major General Khairat Barakat, Head of the Central Agency for Public Mobilization and Statistics, and Dr. Hanan Nazir, Director of the Labor Market Policies Unit at the Ministry of Planning; Adviser to the National Council for Wages and representatives of the ministries of social solidarity and the public business sector and for the Egyptian Workers’ Union, Magdy El-Badawy and Imad Hamdy, as vice presidents of the federation, Dr. Muhammad Al-Fayoumi for the Chambers of Commerce, Muhammad Al-Suwaidi for the Federation of Industries, Wajdi Al-Kardani for the Federation of Chambers of Tourism and the Federation of Small and Medium Enterprises Associations and Muhammad Sami Saad About the Federation of Construction and Building Contractors.

 

The National Wages Council discussed the results and recommendations of the session of the Council’s Wages and Allowances Committee regarding the approval of the minimum wage for workers in the private sector, the new periodic bonus for workers in the private sector for the year 2021, and other issues related to the Council’s work competence.

 

During the meeting, it was agreed to approve the periodic bonus for the new fiscal year 2021/2022 at a rate of 3% of the insurance wage, equivalent to 7% of the basic wage in Labor Law 12 of 2003, and less than 60 pounds.

 

It was also agreed - and based on the recommendation of the Wages and Allowances Committee headed by Mohamed Saafan, Minister of Manpower - that the minimum wage would be 2,400 pounds, to be implemented from January 2022.

 

For her part, Dr. Hala Al-Saeed, Minister of Planning and Economic Development and Chairman of the National Wages Council, confirmed that the council’s decisions regarding the periodic bonus or minimum wage tried to take into account several considerations, foremost of which is the interest of workers and the need to achieve an appropriate increase in wages, as well as taking into account the economic conditions that the world is going through and is affected The private economy in light of the Corona pandemic and the need to reduce the burdens on economic establishments to be able to continue their economic activities efficiently, as well as continue to perform their duties towards their employees.

 

It is noteworthy that the National Wages Council is responsible, in accordance with the decision of the Prime Minister, to set the minimum wage at the national level, taking into account living expenses, the means and measures that ensure a balance between wages and prices, the study of the wage structure for various professions, sectors and activities, the development of policies for minimum and maximum wages, and proposals in this regard. the matter, drawing up national policies for wages and developing comprehensive national programmes.

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