MINIMUM Wage Workers can rejoice in the new year as January is set to see hourly increases.
From January 1, the minimum nationwide hourly rate will become €10.50.
The increase is being made as a way to help people meet the increasing cost of living in Ireland as new CSO metrics showed that the average price in November was 5.3% higher than in November 2020.
It represents a 30% increase, or just under 3%, to the current National Minimum Wage of €10.20 per hour and will see at least 135,000 estimated pay increases.
The increase also means that people working in certain conditions, under 18, 19 and 20 years old, will get a corresponding increase in wages, as they are entitled to a percentage of the full minimum wage.
WHAT IS THE NEW RATE?
- anyone 20 years or older will now earn €10.50 per hour
- anyone aged 19 will get €9.45 per hour
- anyone 18 years old will earn € 8.40 per hour
- anyone under 18 will get 7.35€ per hour
The trainee rate has been abolished as of March 4, 2019.
And, for National Minimum Wage purposes, your gross wages include, for example, base salary and any shift premiums, bonuses, or service charges.
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If you receive food or lodging, i.e. food or lodging, from your employer, the maximum amount that can be included is:
- for the board only € 0.94 per hour worked.
- for accommodation only €24.81 per week or €3.55 per day.
There are also categories of employees who are not eligible for a raise, and according to the Government, this includes:
- the employee is a relative of the employer, where the employer is an Independent Trader.
- a craftsman within the meaning of the Industrial Training Act, 1967, or the Service Labor Act, 1987.
WHAT DOES LEO VARADKAR SAY?
Announcement of the increase in October, Tanaiste Leo Varadkar said: “The Government has today agreed to accept the Low Pay Commission’s recommendation to increase the National Minimum Wage to €10.50 from 1 January next year.
“I hope this, along with other measures we are announcing under the Budget, will help protect the lowest-paid workers from the rising cost of living.
“Since 2015, the National Minimum Wage has increased from €8.65 per hour to its current level of €10.20 per hour, or 17% more, significantly higher than inflation during that period. .
“I would like to thank all the members of the Low Pay Committee for all their work this year, in bringing this proposal to the Government. Work is also underway to develop the Levels. living wage for Ireland and I hope to be in a position to propose to the Government about it in the first half of the new year.”
An increase in the nominal minimum wage in Ireland to €10.50 will take Ireland from where it has the third highest nominal minimum wage of the 21 EU member states with a national minimum wage to the second highest. .
In 2021, Ireland’s rate is sixth in the rankings, when adjusted for purchasing power standards.
https://www.thesun.ie/money/8126088/everything-need-know-minimum-wage-pay-increase-2022/ Ireland’s minimum wage workers get a raise in the new year