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