6%-6.5% increase in the private sector minimum wage from 1 April 2024 plans the government with the relevant announcements to be expected on Friday 22 March 2024 at the cabinet meeting.
So the new salary will range between 825 and 830 euros from 780 euros today. The beneficiaries are close to 585,000 to 600,000 employees, while the government’s goal is, in a four-year horizon, the minimum wage should rise to 950 euros and the average wage to 1,500 euros.
It should be noted that today the minimum wage amounts to 780 euros and the minimum daily wage to 34.84 euros, while, in the previous period, there were other increases. Specifically, from 650 euros in 2019, the minimum wage increased to 663 euros in January 2022, to 713 euros in May 2022 and, from April 2023, to 780 euros.
The benefits affected
The increase in the minimum wage brings with it a number of benefits such as:
- Special maternity benefit
- Parental leave allowance
- Unemployment benefit
- Aid for a three-month stay in the unemployment registers
- Parole allowance
- Labor Arrest
- Insolvency of employer
- Seasonal allowances
- Self-employment aid
- Work allowance
- Student Compensation EPA.S.
- Internship allowance (IEK DYPA)
- Gaining work experience
- Programs of a public interest nature
- Employment programs
- For working students participating in exams
In the private sector for employees paid the minimum wage, the three years started counting this year from where they were frozen on February 14, 2012. If someone was hired after 2-14-2012, they start filling after 1-1-2024.
For this year, the number of beneficiaries is not large, only 100,000 people, but after three yearsand their number is estimated to reach 600,000 to 700,000 people. So the full-time employee who will “build” a three-year period in 2024, will receive a 10% increase over 780 euros, i.e. 78 euros per month. Accordingly, the part-time employee with a contract of 390 euros for 4 hours of work will receive, if he has three years in 2024, an increase of 39 euros.
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