When will the minimum wage increase be paid, will it be in January?

It has been determined how much the minimum wage will apply in 2023. After the third and last meeting of the Minimum Wage Determination Commission, no consensus could be reached, and it was determined at the tripartite meeting attended by President Erdoğan , Minister Bilgin and the employers’ delegation.

WHEN WILL THE MINIMUM WAGE INCREASE BE IMPLEMENTED?

The minimum wage increase will take effect from 2023, but employees will receive the minimum wage increase in February.

HOW MUCH WAS THE MINIMUM WAGE?

Stating that the parties could not agree on a common figure, Erdogan said: “The minimum wage that will apply in 2023 is TL 8,506.”

HOW MUCH IS THE GROSS MINIMUM WAGE?

The minimum wage was set at 10,08 gross lire and 8,506 net lira 80 cents in 2023. The monthly cost of the new figure for the employer was 11,759 lira 40 cents.

WHAT IS THE MINIMUM FEE?

The total cost of the minimum wage for the employer increased to TL 11,000,759. The gross minimum wage was TL 10,008 and the net minimum wage was TL 8,506. The net minimum wage increased to $455 at today’s rates. The minimum wage support given to the employer was increased from 100 lira to 250 lira.