Tomorrow (27.01.24) the Prime Minister will announce its height which will apply from 1 April 2024. Information suggests that the final outcome of the JEP, after consulting scientific bodies and social partners, provides for an increase of 4% – 5%. It is recalled as it has revealed , the proposals that have fallen to the table are as follows: TE : “There is room for a prudent increase in minimum wages and wages up to 4% since 1 April 2024”. “Since the growth rate of the economy in 2024 will be around 2%, any increase in the minimum wage above 3 to 4% will increase unit labour costs” . FHW – GSEVEE: “Inflation should also be the determining factor for raising the minimum wage in 2024”. IOBE: To consider an increase in nominal minimum wage in the wider area of estimated inflation for 2024. “5.0% increase” INE – GSEE: “Direct increase in the minimum wage to EUR 908 per month (16.4%) and re-establishing its definition in the National General Collective Labour Convention”. This increase should “move within a range of 3,6 %– 3,8%”. The average of these proposals is 5.5% and unconfirmed information says the government is moving this direction. In this case the minimum wage will be EUR 822 gross (almost EUR 43 increase) from EUR 780 which is until 31 March 2024. It is noted that, together with the minimum wage, all unemployment benefits of the Public Employment Service will be increased, namely: 1. Regular unemployment subsidy The basis for calculating the basic unemployment allowance is the applicable minimum wage of the unskilled worker. In particular, the basic unemployment allowance is set at 55% of the unskilled worker’s salary, regardless of whether the unemployed person was paid a monthly salary or a salary (upper 10% for each protected member). 2. Aids/ Benefits dependent on regular unemployment subsidy and on the wage of the unskilled worker – Special aid for vulnerable groups: equals 37.5 daily unemployment benefits. This is a new provision which entered into force on 29.12.2023 in place of the Special Assistance for the termination of a regular unemployment subsidy, the Special Assistance after a three-month stay in the Unemployment Register, the Special Assistance to those who served a period of deprivation of freedom and the Special Assistance due to a temporary employment or termination of work. – Special seasonal aid: The height of the special seasonal aid, in order for builders, is set at 70% of the 37 times the current wage of the unskilled worker. The height of the special seasonal aid is set at 70% of the 50 times the current wage of the unskilled worker. The amount of the special seasonal aid for the occupations of foresters – resin collectors, tobacco workers, potters – brick makers and shipbuilding workers is set at 70% of the 35 times the current wage of an unskilled worker. The height of the special seasonal aid for the professions of musicians – singers, actors, shoemakers, mobile operator-helpers, theatre – mobile controllers, cashiers – theatre, mobile & television techniques, theatre – mobile operators, excavator operators, etc. machinery and employees of tourism and food industry is set at 70% of the 25 times the current wage of unskilled worker – Labour allowance: Regularly subsidised or receiving the benefits regardless of and self-employed e EPKA if, during their full-time wage/benefit benefits, they continue to receive their allowances until their end reduced by half. 3. Unemployed benefits – Unemployment Assistance Self-employed and Independently Employees – Insurance persons of the eICA, T.O.E., TIF SMEs: the monthly amount of the benefit is equal to the monthly unemployment allowance, which depends on the minimum statutory wage. – Unemployment Aid Self and Regardless Employees – Insurance of eEKA, T.A. The monthly amount of the benefit is equal to the monthly unemployment allowance, which depends on the minimum statutory wage. 4. Other benefits dependent on the wage of the unskilled worker – Special maternity benefit for employees: The monthly amount paid for the special maternity benefit shall be equal to the minimum wage, as determined each time, and a proportion of holidays and leave allowance and the employer’s insurance contribution shall also be provided for by the IRS. The benefit is in addition to those insured persons receiving maternity benefits from the IKAFAM and TAXY, and insured persons of all the entities included in the EICA. – Special provision of maternity for non-employed persons: according to article 151 of Law 5078/23, the monthly amount paid for the special provision of maternity for non-employed persons is equal to the minimum wage, as determined each time. – Supplementary Parenthood Provision: the benefit is indirectly linked to the minimum wage, since it is the difference between regular remuneration and the maternity allowance of eEKA. – Parental leave allowance: The monthly parental leave allowance paid shall be equal to the minimum statutory salary as defined each time. -Unpaid earnings due to insolvency of the employer: paid up to 3 salaries. – Availability provision: 10% – 30% of the average regular earnings of the last two months under full-time status. 5. Compensation of students of professional schools (PSA. (b) Student allowance is provided for students for each day of apprenticeship/ Practical Training – total duration of 2 school years – equals 75% of the minimum wage of the unskilled worker. At the same time, insurance is provided for which employer and student charges for each day of practical training are calculated at half (1/2) of the actual remuneration. 6. EKEK AmEA allowance Thessaloniki The educational allowance in KEPE is affected by the basic salary of the unskilled worker (40%). 7. IEK practice – DYPA Workplace practice is mandatory for the trainees of the Vocational Training Institutes (I.E.K.). The total duration of the internship period is nine hundred sixty (960) hours. The trainee shall receive compensation equal to 80% of the statutory, statutory, minimum wage of the unskilled worker, as set out by the Ministry of Labour and Social Security or proportionally, if the daily duration of the practice is less than 8 hours. The allowance shall be paid to the trainee after the completion of the internship. During the course of the internship the trainee falls under the insurance of the e-EFKA (formerly IKA – ETAM) only for the industry of the accident. For its insurance, the provisions laid down in paragraph 1 of Article 10 of Law 2217/94 are paid. (A’ 83) insurance contributions to be borne by the natural or legal person (employer) in whom the practice is carried out. 8. Paying fees to students – students – students who are abstaining from work for participation in written examinations of the school attending The amount to be paid for undergraduate students is 30 times the statutory minimum wage of the unskilled worker, and for graduate students 10 times that. 9. Professional experience acquisition programme (Preparation) Compensation shall be paid to the beneficiaries equal to the minimum wage. 10. Work Experience Programme The reason for work experience programmes with compensation equal to the minimum wage. 11 The business grant is 50% of 80% of the legal minimum wage of the unskilled worker. 12. Social benefit scheme An amount equal to the net remuneration corresponding to the lowest statutory gross earnings of the unskilled worker, while non-wage costs are also covered. 13. New jobs are indirectly linked to the minimum wage, as the grant ranges from 50% to 90% of the wage and non-wage costs.
Tomorrow the announcements to raise the minimum wage from 1 April – At 5.5% the forecasts converge
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