Minimum Wage Determination Commission meets for the second time! Here are the raise rates on the table
The Minimum Wage Determination Commission will meet for the second time regarding the minimum wage hike that will be valid in 2025. While no figure was put forward at the first meeting on December 10, millions of employees have turned their eyes and ears to today's second meeting. So, when is the Minimum Wage Determination Commission meeting? What time will it meet? How much will the minimum wage be? Here are the details...
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Negotiations are ongoing for the 2025 minimum wage hike, which directly concerns 7 million employees and indirectly affects the entire society.
The Minimum Wage Determination Commission held its first meeting on December 10. No figure was mentioned at the first meeting, which was followed by millions of employees. All eyes have turned to the second meeting of the Minimum Wage Determination Commission.
WHEN AND AT WHAT TIME IS THE MINIMUM WAGE MEETING?
The Minimum Wage Determination Commission will meet for the second time today (December 16). The meeting will begin at 14.30.
WHAT WILL BE DISCUSSED AT THE SECOND MEETING?
At the second meeting of the Minimum Wage Determination Commission, which will be hosted by the Ministry of Labor and Social Security, it is expected that economic data will be laid out on the table.
At the meeting, representatives from the Ministry of Treasury and Finance, the Ministry of Trade, and the Turkish Statistical Institute (TÜİK) will share economic data and reports with the commission.
The worker and employer sides, who have not yet mentioned a figure, are expected to begin bargaining after the economic data and reports are presented.
WHEN WILL THE 2025 MINIMUM WAGE HIKE BE ANNOUNCED?
The minimum wage must be determined and shared with the public by December 31.
Whether the minimum wage hike will be based on year-end inflation or target inflation has been a subject of debate for some time. Different scenarios regarding raise estimates are being discussed.
In the markets, the possibility of an increase in the range of 30-40 percent for the minimum wage is being emphasized.
The prevailing view in the business world is that the minimum wage should be increased to the level of 22-23 thousand liras.
Expectations in reports by foreign institutions have also taken shape in the 25-30 percent range.
POSSIBLE RAISE RATES FOR MINIMUM WAGE
The net and gross figures that will emerge according to the raise rates to be applied to the minimum wage are as follows;
- At a 20 percent raise: 20,402 TL
- At a 25 percent raise: 21,252 TL
- At a 30 percent raise: 22,102 TL
- At a 35 percent raise: 22,952 TL
- At a 40 percent raise: 23,802 TL