New wage rate to be effective from 1st August 2024

New wage rate to be effective from 1st August 2024

By Karishma Kumari
Monday 15/04/2024
[Image: File]

The new wage rate will be effective from the 1st of August 2024, which will be announced in the budget address by the Minister for Finance.

This has been confirmed by the Minister for Employment, Productivity and Industrial Relations Agni Deo Singh after cabinet’s approval for the review of the minimum wage rate.

When questioned by fijivillage News on the new wage rate, Singh says the ministry does determine the rate however, it is determined by the wages council that carries out the review.

Singh further says they have already appointed the ten-sector wages council which has been nominated by the respective social partners including the employers, workers and the government.

He says they have also advertised for a consultant to carry out the research and assist with the minimum wage determination including that of the sectoral wages.

The Minister says the exercise will take time and there will be extensive consultation.

He says after the consultation, it will be discussed by the Employment Relations Advisory Board from where it will come to the Minister and then he will take it back to cabinet for consideration.

The current minimum wage rate is $4 an hour.

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