We are pleased to announce that we have been shortlisted as the Litigation Law Firm of the Year in Egypt by the Chambers and Partners Middle East Awards 2024.

Heartfelt thanks to all our clients for their positive feedback; your trust drives our commitment to excellence.

A special thank you to our team at ADSERO for their hard work and dedication.

Best of luck to all shortlisted candidates.

Looking forward to the awards ceremony on March 7, 2024!

A. Increase of the Minimum Wage for Private Sector Employees

Effective 1 January 2024, the Ministry of Planning and Economic Development, through Decree No. 90 of 2023, has raised the minimum wage of private sector employees. The National Wage Council implemented this change on 1 December 2023, increasing the minimum wage from EGP 3,000 (three thousand Egyptian pounds) to EGP 3,500 (three thousand five hundred Egyptian pounds).

In this regard, as we approach the new year, we would like to highlight the employer’s additional obligations to ensure full compliance to mitigate the risk of potential employment claims or legal liabilities brought against them.

B. Employers’ Obligations

  1. Social Insurance Wage
    As most employers are aware, social insurance salaries increase on an annual basis. For 2024, the minimum social insurance wage is EGP 2,000 (two thousand Egyptian pounds), while the maximum is EGP 12,600 (twelve thousand six hundred Egyptian pounds).
  2. Social Insurance Wage
    The basic wage is also subject to an annual increase. For 2024, the minimum is EGP 380 (three hundred and eighty Egyptian pounds), while the maximum is EGP 2,370 (two thousand three hundred and seventy Egyptian pounds).

STAY UPDATED WITH NEWS SUBSCRIBE TO OUR NEWSFEED


    Top linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram