Category

Private Sector

Category

In brief In a significant development, the National Council for Wages has finally set the long awaited salary thresholds applicable to the private sector: Minimum wage: EGP 2400 per monthMinimum annual salary increase: 3% per year These changes which are implemented by virtue of decree No. 57 of 2021 will apply as of 1 January 2022. What has changed? Effective January 2022: All companies must ensure that their employees receive no less than EGP 2,400…