Minister of Economic Development Fayyaz Ismail said on Thursday that, in accordance with the sixth amendment to the Employment Act, everyone will be paid the minimum wage beginning January 1 of the next year.
He informed a local news station that the required work is being done to implement the minimum wage, with the Act demanding that it be established in 2022.
While joining President Ibrahim Mohamed Solih on his visit to Alif Alif Atoll, Fayyaz stated that, as specified in the legislation, the minimum wage will be implemented by January 1, 2022.
On October 4, the Minimum Wage Advisory Board determined and proposed a minimum wage to the Economic Minister, which is currently pending approval. Fayyaz earlier stated that the minimum wage will be introduced as soon as the Advisory Board made a proposal.
The Board suggested a minimum salary of MVR 7,000 for a public worker in permanent employment for six hours of work per day, while MVR 5,000 was recommended for small businesses. Furthermore, the minimum pay for employees in medium-sized firms is MVR 7,000, and MVR 8,900 for large businesses.
