The goal of the minimum wage decision
The goal of the decision to implement the minimum wage for the private sector, starting next January, comes within the framework of preserving economic institutions and entities and the employment within these institutions, as they are a national security for Egypt, following up that the total employment in private sector establishments is estimated at about 20 million individuals, as There are millions who will benefit from the decision to implement the minimum wage for the private sector, estimated at 2,400 pounds.
Highlights of the decision
1- The minimum wage for workers in the private sector is 2,400 pounds per month.
2 The value of the periodic bonus is 3% of the insurance wage, i.e. a minimum of 70 pounds, which is applied to all private sector establishments in a balanced manner according to the accounting financial year of each establishment.
• The entry into force of the minimum wage decision at the beginning of January 2022
3- The decision is mandatory for private sector establishments as of January 2022, after stumbling establishments due to the economic pressures imposed by the Corona pandemic were granted a space of flexibility to submit requests to the Council to exclude them from applying the minimum wage until their economic conditions improved
4- The council received 3,090 individual requests, and 2,855 requests from 22 sectors during the period of receiving requests, which started from last July until the end of last October
5- Postponing the application of the minimum wage to the establishments that submitted exemption requests due to the economic conditions resulting from the Corona pandemic until the end of next mid-February until the study, examination and verification of exemption requests are completed.
6- If the establishment is exposed to economic conditions that make it impossible to meet the minimum wage, it may submit a request for exemption from the minimum wage commitment through its affiliated unions, provided that the request includes justifications for the exemption, and that it is accompanied by documents indicating that, no later than October 31, 2021.
7- The balance between the rights of workers to receive an appropriate wage that guarantees an adequate standard of living while at the same time taking into account the difficult economic conditions experienced by several sectors that cannot bear new burdens.
8- Postponing the application for 3,000 establishments that requested an exception,
9- The excluded sectors are the garment and textile sectors, especially those that are exported abroad, in addition to some companies in the tourism sector, some private schools, securities companies and some retail stores.
10- Sending the postponement approval to each facility officially from the National Council for Wages.
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