Minimum wage increase completed! – Last Minute Türkiye and world news

SAFAKNA TURKEY- President Recep Tayyip Erdogan put an end to discussions on an additional increase in the minimum wage. As Erdogan announced during the announcement of his election manifesto, the increase in the minimum wage was completed in July. So how much will the minimum wage increase during the second increase in 2023? Here are the details of an important event that affects the millions of people on the minimum wage…

ERDOGAN’S PROMISE OF “QUALITY AND SAFE WORK”

In his campaign manifesto, President Erdogan pledged to provide quality and safe jobs for 32 million employees to date. In his campaign manifesto, Erdogan detailed the social security share of the minimum wage increase. After the lowest pension was increased from 5,500 lire to 7,500 lire, the July increase in the minimum wage was also completed, which concerns 8 million workers in general and indirectly all citizens.

WORK HAS STARTED TO INCREASE THE MINIMUM WAGE

At the proposal of the Ministry of Labor and Social Security, the Minimum Wage Determination Commission may meet at any time and determine a new minimum wage. This can be either annually or monthly. Like last year, this year there will be a temporary increase. After the level of inflation in June, the rate of increase for civil servants and pensioners, along with the minimum wage, will become clear.

WHAT IS THE MINIMUM COMMISSION?

At the beginning of the year, the minimum wage of 8,506 lira and 10,088 lira gross, with an increase of 54.66 percent, will be determined by 6-month inflation. The increase will take into account many factors, such as the annual difference in inflation and the employer’s insurance burden. The increase in the minimum wage is estimated at 20, 30, 40 percent. In case of an increase of 20%, 12 thousand 10 lira gross, 10 thousand 200 lira net, in case of an increase of 30% net 11 thousand 50 lira, 13 thousand 10 lira gross, in case of an increase of 40 percent net 11 thousand 908 lira, gross 14 thousand lire It will be 1 thousand 11 lire. 41 percent of the total number of insurance companies, of which 7 million 131 thousand work with the minimum wage. Raising the minimum wage indirectly affects all citizens.

PERFORMANCE COMPENSATION IS ALSO INCREASED

Along with the new minimum wage, many pay items in labor and social security will be redefined, as well as increases in the minimum monthly precautionary payment, severance pay, and breastfeeding allowance. With the increase in the minimum wage in July, severance pay will accrue on the last gross salary. For those who have left their jobs, the gross figure of the new minimum wage will apply in the calculation. The minimum wage is set to cover all activities and the employer cannot pay less than this wage.

SHORT JOB, UNEMPLOYMENT BENEFIT IS ALSO INCREASING

The increase in the minimum wage affects many people, from employers to those with general health insurance, from those with supplementary insurance, to women who do tarkhana at home, from those receiving unemployment insurance, to those who borrows domestically and abroad. The severance pay and the supplement to the minimum wage will be increased. The ceiling for unemployment benefits and part-time work benefits will be increased.

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