Minimum wage will be allocated in the near future: Fayyaz
The Employment act mandates the economic minister to decide on a minimum wage by the end of 2021.
Minister of Economic Development Fayyaz Ismail
Minister of Economic Development Fayyaz Ismail has stated that a minimum wage will be allocated in the near future.
Speaking at the inauguration ceremony of the Job Center established in R. Alifushi, the minister revealed that although the process of imposing a minimum wage had been stalled, the process is still ongoing. He urged the public to refrain from doubts and that a minimum wage will be established in the near future.
The last statement made by the minister regarding minimum wage was that a suggestion from the minimum wage board was being awaited.
The Employment Act mandates the economic minister to decide on a minimum wage by the end of 2021. The imposition of a minimum wage was one of the many amendments brought by the People's Majlis to the Employment Act. The act ensures that the minister must decide on the minimum wage and that employers must give the minimum wage to their employees by the end of 2021, focusing specifically on nine sectors.
The industries that were focused on are the agriculture and fisheries industry, the tourism industry, the construction industry, the transport industry, the health sector, the education sector, small and medium enterprises sector, communication and information technology sector and the maritime shipping industry.
A board of 11 members was formed to advise the minister regarding the allocation of a minimum wage. Before the amendment was brought, the government proposed a minimum wage between MVR 4,000 and MVR 8,000, which was followed by major discussions. The minimum wage board recommended the basic salary to be MVR 6,400, with civil servants and those in tourism industry to get a minimum wage between MVR 6,400 and MVR 8,600.
It is an electoral pledge of the incumbent president, Ibrahim Mohamed Solih, to establish a minimum wage.
