Businesses who haven’t enforced minimum wage rate will be dealt with severely – Prof. Prasad

Businesses that have not enforced the $4.50 minimum wage rate will be dealt with severely.

This is a stern warning shared by the Deputy Prime Minister and Minister for Finance Professor Biman Prasad while meeting with the Commissioner Central Division and its nine line agencies.

Professor Prasad says the Ministry of Employment has been advised to conduct monitoring sessions with all the employers in the division to ensure compliance.

The Ministry of Employment earlier said that employers are required to comply with the new minimum wage regulations which came into effect on 1st August 2024, raising the National Minimum Wage and sectoral wages by 50 cents.

Meanwhile, Minister Agni Deo Singh says employees are mandated to display written notices of the increased wage rates in their workplaces which can be obtained from the Ministry of Employment website.

He adds failure to display these regulations will result in a $100 penalty with more severe consequences including fines up to $10,000 or imprisonment for continued non-compliance.