The Ministry of Planning & Economic Development announced yesterday that the new EGP 2,400 minimum wage for the private sector will be effective as of January 1st, 2022.
More Details🧐 Over three thousand companies will get a six-week push on implementing the new minimum wage after they filed for exemptions. Although it’s still unclear whether these companies will have to eventually pay their employees back.
Why is this Important🤔 Minister of Planning & Economic Development Dr. Hala Al Saeed stated that the National Council for Wages looked to achieve a balance between workers’ rights to an appropriate wage while taking into account the difficult economic conditions some sectors are going through.
