{"id":563369,"date":"2021-06-29T04:00:13","date_gmt":"2021-06-29T04:00:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/29\/we-finally-have-a-private-sector-minimum-wage\/"},"modified":"2021-06-29T04:00:13","modified_gmt":"2021-06-29T04:00:13","slug":"we-finally-have-a-private-sector-minimum-wage","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/29\/we-finally-have-a-private-sector-minimum-wage\/","title":{"rendered":"We finally have a private-sector minimum wage"},"content":{"rendered":"

<\/a> Private-sector workers are getting a minimum wage:<\/strong> 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<\/a> yesterday. From 1 January 2022, companies will need to pay workers at least EGP 2.4k per month<\/sup><\/sup>, according to a decision by the National Council for Wages (NCW) that could impact some 12.6 mn workers.<\/p>\n

This is in line with public sector wage hikes:<\/strong> The minimum wage for public sector employees will rise to EGP 2.4k from EGP 2k<\/a> from the beginning of FY2021-2022 next month.<\/p>\n

The private sector is also getting new bonuses:<\/strong> The council, headed by Planning Minister Hala El Said, also decided to put in place minimum bonuses for private sector employees equal to 7% of the basic salary<\/sup><\/sup><\/sup>. These bonuses will be paid out bi-annually, with the government requiring companies to pay 3% on 1 July and the remaining 4% in January, Manpower Minister Mohamed Saafan said in a phone-in to Kelma Akhira last night (watch, runtime: 8:35<\/a>).<\/p>\n

The minimum wage doesn\u2019t go into effect until next year, but the bonus system is a \u201cnow\u201d thing, it seems: <\/strong>Companies must start to pay out the new bonuses as of the start of FY2021-2022, not the start of 2022, Saafan said, adding that this means that companies that have already agreed to pay out bonuses this year will not have to comply with the new rules until next year.<\/p>\n

The caveat: Not all businesses will have to comply with the decision.<\/strong> Employers can request an exemption from paying the minimum wage if they can prove that they can\u2019t afford the added cost. They have until October to submit a complaint to the council\u2019s complaints committee.<\/p>\n

The decision will be legally enforceable<\/strong>, Khaled El Fiky, a NCW board member and head of the engineering syndicate, told us. The council usually issues guidelines that aren\u2019t legally binding, but this decision will be backed by an enforceable ministerial decree that will make the minimum wage binding for non-exempt employers, he said.<\/p>\n

We\u2019re not sure how businesses will be penalized for failing to comply: <\/strong>Nour Shams El Din, head of litigation at Dreny & Partners Law Firm, told us that a subsequent decision by El Said will hold employers accountable for failing to pay the minimum wage.<\/p>\n

A long time coming:<\/strong> Though the proposals were drafted last month<\/a>, the move has been several years in the making. The NCW had met back in 2019 to discuss implementing a private sector minimum wage, 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> with the onset of the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 a decision by the National […]<\/p>\n","protected":false},"author":1,"featured_media":563370,"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":[104,72,235,71,100,190],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-policy","tag-economy","tag-enterpriseam","tag-labor","tag-minimum-wage","tag-policy","tag-social-welfare","wpautop","entry"],"acf":{"mongo_id":"5a48e903-d707-4969-9ab6-be99c9b3cb91","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/360.jpg","photo_position":"above","related_issue":[563365],"teaser":"","voice_url":""},"yoast_head":"\nWe finally have a private-sector minimum wage - 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\/06\/29\/we-finally-have-a-private-sector-minimum-wage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We finally have a private-sector minimum wage\" \/>\n<meta property=\"og:description\" content=\"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. 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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":562130,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/09\/proposals-for-a-private-sector-minimum-wage-are-moving-forward\/","url_meta":{"origin":563369,"position":1},"title":"Proposals for a private sector minimum wage are moving forward","author":"enterpriseam admin","date":"9 May 2021","format":false,"excerpt":"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\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\/5\/70.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":563369,"position":2},"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":[]},{"id":589077,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/21\/private-sector-minimum-wage-to-rise-11-in-july\/","url_meta":{"origin":563369,"position":3},"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":563369,"position":4},"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":554154,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/companies-buy-themselves-time-on-minimum-wage-hikes\/","url_meta":{"origin":563369,"position":5},"title":"Companies buy themselves time on minimum wage hikes","author":"enterpriseam admin","date":"22 December 2021","format":false,"excerpt":"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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