{"id":562130,"date":"2021-05-09T03:57:51","date_gmt":"2021-05-09T03:57:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/09\/proposals-for-a-private-sector-minimum-wage-are-moving-forward\/"},"modified":"2021-05-09T03:57:51","modified_gmt":"2021-05-09T03:57:51","slug":"proposals-for-a-private-sector-minimum-wage-are-moving-forward","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/09\/proposals-for-a-private-sector-minimum-wage-are-moving-forward\/","title":{"rendered":"Proposals for a private sector minimum wage are moving forward"},"content":{"rendered":"

<\/a> Proposals to mandate a minimum wage for private-sector employees will be drafted this<\/strong> month<\/strong>, the Planning Ministry said in a statement<\/a> over the weekend following a meeting with the National Council for Wages (NCW).<\/p>\n

This would be the first time that private sector employers are required to pay their employees a minimum monthly wage<\/strong>, impacting at least 12.6 mn workers.<\/p>\n

How much are we talking about?<\/strong> The NCW will make its official policy known later this month, though a source at the council claimed earlier this year that the minimum wage could be set at EGP 2k per month<\/a>.<\/p>\n

New bonuses for the private sector? <\/strong>The NCW is also looking at introducing bonuses for private-sector employees this year, and will finalize proposals before the end of May, according to El Watan<\/a>.<\/p>\n

A refresher: <\/strong>The move to set finally private-sector minimum wage rates comes following years of running hither and yon in vain. NCW had met back in 2019 to discuss implementing a minimum wage for those employed in the private sector, with an eye to set a minimum salary of EGP 2k at the time. The proposal to impose a binding minimum wage was put on the back burner<\/a> because of the pandemic.<\/p>\n

Civil servants are also getting a wage bump:<\/strong> The minimum wage for civil servants will increase<\/a> to EGP 2.4k from EGP 2k at the start of the next fiscal year in July. Other public sector employees will see their basic salaries rise 13%<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Proposals to mandate a minimum wage for private-sector employees will be drafted this month, the Planning Ministry said in a statement over the weekend following a meeting with the National Council for Wages (NCW). This would be the first time that private sector employers are required to pay their employees a minimum monthly wage, impacting […]<\/p>\n","protected":false},"author":1,"featured_media":562131,"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":[8507],"tags":[72,235,71,3987,678,100],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-policy","tag-enterpriseam","tag-labor","tag-minimum-wage","tag-national-wages-council","tag-planning-ministry","tag-policy","wpautop","entry"],"acf":{"mongo_id":"817fe8bb-2c0d-40ab-b840-e55ea157c750","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/5\/70.jpg","photo_position":"above","related_issue":[562120],"teaser":"","voice_url":""},"yoast_head":"\nProposals for a private sector minimum wage are moving forward - 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\/05\/09\/proposals-for-a-private-sector-minimum-wage-are-moving-forward\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Proposals for a private sector minimum wage are moving forward\" \/>\n<meta property=\"og:description\" content=\"Proposals to mandate a minimum wage for private-sector employees will be drafted this month, the Planning Ministry said in a statement over the weekend following a meeting with the National Council for Wages (NCW). 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