{"id":554154,"date":"2021-12-22T03:57:27","date_gmt":"2021-12-22T03:57:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/companies-buy-themselves-time-on-minimum-wage-hikes\/"},"modified":"2021-12-22T03:57:27","modified_gmt":"2021-12-22T03:57:27","slug":"companies-buy-themselves-time-on-minimum-wage-hikes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/companies-buy-themselves-time-on-minimum-wage-hikes\/","title":{"rendered":"Companies buy themselves time on minimum wage hikes"},"content":{"rendered":"

<\/a> Thousands of companies will be given a six-week reprieve from the new private <\/strong>sector minimum wage requirement<\/strong> coming into force at the beginning of 2022 under a decision by the National Council for Wages (NCW), the Planning Ministry said in a statement<\/a> yesterday. Thousands of companies had filed requests for exemptions from a requirement to start paying all employees a minimum wage of EGP 2.4k per month<\/a> from 1 January.<\/p>\n

What\u2019s changed? <\/strong>Companies that have filed for an exemption can continue with their salary structures unchanged until mid-February, by which time the council aims to have finished ruling on requests.<\/p>\n

Some<\/strong> 3k companies have already gotten approvals on their requests for exemptions<\/strong> and will be notified in the coming days, Planning Minister Hala El Said told Kelma Akhira\u2019s Lamees El Hadidi (watch, runtime: 14:32<\/a>). All of those businesses are in industries that faced either partial or complete closures because of the pandemic, the minister said.<\/p>\n

Who\u2019s angling for postponement or exemption?<\/strong> The council received requests from companies in the textiles and readymade garments, tourism, paper, and retail industries, among others, as well as some private schools with annual tuition fees below EGP 10k, according to El Said.<\/p>\n

Companies have been pushing back against the new minimum wage since it was announced earlier this year<\/strong>, with thousands of firms telling their government they will not be able to afford the wage hikes. Companies have claimed that high employment counts, increased production costs, and the pandemic have left them unable to pay for the additional labor costs.<\/p>\n

So what happens in the middle of February?<\/strong> There hasn\u2019t been a decision yet on whether or not companies whose exemption requests are tossed out will then be required to retroactively pay their employees the minimum wage, NCW member Magdy El Badawy told Enterprise.<\/p>\n

And what happens in cases of non-compliance?<\/strong> The government will ensure the minimum wage is being enforced through regular inspections from the Manpower Ministry, as well as by relying on complaints and reports of noncompliance filed to the council, El Said told Lamees. The penalties for proven cases of non-compliance will be outlined in the Labor Act, which is currently with the Senate for its opinion, advisor to the NCW Hanan Nazir told Masaa DMC\u2019s Ramy Radwan (watch, runtime: 9:03<\/a>).<\/p>\n

SMART POLICY- Companies need to pay a liveable wage<\/strong>, and if anything, we think the EGP 2.4k line probably isn\u2019t high enough. El Said and her team have handled the minimum wage file with aplomb \u2014 we hope they stay the course. Grant as few exceptions as possible. And if a company gets an exemption, it should have to commit to a clear deadline by which it will meet the minimum and pay a living wage.<\/p>\n

In addition to the minimum wage, private sector companies will also need to provide periodic raises<\/strong>, for which the NCW has set a minimum threshold of 3% of the social insurable amount (known in most financial departments as \u201cagr ta\u2019meeny\u201d) \u2014 which is equivalent to EGP 70 in the case of the new minimum wage.<\/p>\n

The wage is inclusive of bonuses, incentives, and other allowances companies give their employees and is not the base amount<\/strong>, El Said told Lamees. The private sector minimum wage is in line with the same floor set for the public sector, which rose to EGP 2.4k from EGP 2k at the beginning of FY2021-2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

Thousands of companies will be given a six-week reprieve from the new private sector minimum wage requirement coming into force at the beginning of 2022 under a decision by the National Council for Wages (NCW), the Planning Ministry said in a statement yesterday. Thousands of companies had filed requests for exemptions from a requirement to […]<\/p>\n","protected":false},"author":1,"featured_media":554155,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7206],"tags":[107,104,72,235,71,678],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-covid-19","tag-economy","tag-enterpriseam","tag-labor","tag-minimum-wage","tag-planning-ministry","wpautop","entry"],"acf":{"mongo_id":"305cb528-260b-4ce8-9b62-16b7235fb92e","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/446.jpg","photo_position":"above","related_issue":[554150],"teaser":"","voice_url":""},"yoast_head":"\nCompanies buy themselves time on minimum wage hikes - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/companies-buy-themselves-time-on-minimum-wage-hikes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Companies buy themselves time on minimum wage hikes\" \/>\n<meta property=\"og:description\" content=\"Thousands of companies will be given a six-week reprieve from the new private sector minimum wage requirement coming into force at the beginning of 2022 under a decision by the National Council for Wages (NCW), the Planning Ministry said in a statement yesterday. 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Prove you really need it.","author":"enterpriseam admin","date":"6 March 2022","format":false,"excerpt":"SMART POLICY- Companies need to cough up lots of info before they can qualify for an exemption to the new national minimum wage. The National Council for Wages (NCW) has not yet started reviewing the 6k requests companies have filed for exemptions from the new private sector minimum wage, Manpower\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/55.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589077,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/21\/private-sector-minimum-wage-to-rise-11-in-july\/","url_meta":{"origin":554154,"position":1},"title":"Private-sector minimum wage to rise 11% in July","author":"enterpriseam admin","date":"21 June 2023","format":false,"excerpt":"The move puts the private-sector minimum wage up 25% in the last six months","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1037.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555375,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/11\/more-sectors-angling-for-exemption-from-private-sector-min-wage\/","url_meta":{"origin":554154,"position":2},"title":"More sectors angling for exemption from private sector min wage","author":"enterpriseam admin","date":"11 November 2021","format":false,"excerpt":"Business leaders want to exempt companies in eight sectors from complying with the new privatesector minimum wage, which will take effect at the beginning of 2022. The Federation of Egyptian Chambers of Commerce (Fedcoc) has handed a formal request to Planning Minister Hala El Said requesting that businesses in the\u2026","rel":"","context":"In "REGULATION WATCH"","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/415.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563369,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/29\/we-finally-have-a-private-sector-minimum-wage\/","url_meta":{"origin":554154,"position":3},"title":"We finally have a private-sector minimum wage","author":"enterpriseam admin","date":"29 June 2021","format":false,"excerpt":"Private-sector workers are getting a minimum wage: Employees of private-sector companies will for the first time receive a minimum wage starting from the beginning of next year, the Planning Ministry announced yesterday. From 1 January 2022, companies will need to pay workers at least EGP 2.4k per month, according to\u2026","rel":"","context":"In "Policy"","block_context":{"text":"Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/360.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578473,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/private-sector-minimum-wage-rises-12-5\/","url_meta":{"origin":554154,"position":4},"title":"Private-sector minimum wage rises 12.5%","author":"enterpriseam admin","date":"2 January 2023","format":false,"excerpt":"New year, new private-sector minimum wage: The National Council for Wages has raised the minimum wage for private-sector workers by 12.5% amid soaring inflation. In a statement Thursday, the Planning Ministry said that private-sector firms now have to pay their employees at least EGP 2.7k a month, up from EGP\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/5.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542830,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/public-sector-minimum-wage-to-rise-12-5-from-july\/","url_meta":{"origin":554154,"position":5},"title":"Public sector minimum wage to rise 12.5% from July","author":"enterpriseam admin","date":"19 January 2022","format":false,"excerpt":"SMART POLICY- El Sisi raises public-sector minimum wage to EGP 2.7k: The monthly minimum wage paid to public sector workers will rise by 12.5% from July on the instruction of President Abdel Fattah El Sisi. An Ittihadiya statement yesterday said that the president had told the Finance Ministry to raise\u2026","rel":"","context":"In "Policy"","block_context":{"text":"Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/225.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=554154"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554154\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/554150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/554155"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=554154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=554154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=554154"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=554154"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=554154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}