Impending Increase to The Irish Minimum Wage
In Budget 2024, the Government suggested a minimum wage increase from January 1st 2024. This is now officially being enacted, and so, as of 1st January 2024, the Irish minimum wage increases to €12.70 per hour.
Companies are now legally obliged to pay each employee over 20 years of age a minimum of €12.70 per hour.
Below is the guideline on hourly rates of pay:
|Minimum wage from 1 January 2024
|20 and over
Other salary considerations:
Please also be aware that the recommended living wage in Ireland is now €14.80 per hour.
In conclusion, the impending increase to the Irish Minimum Wage heralds a positive change for workers, signaling a commitment to fair compensation. This adjustment not only reflects economic progress but also places value on the fundamental principle that every worker deserves a wage that meets basic living standards. As the wage landscape evolves, let’s celebrate this stride towards greater financial equity and acknowledge the vital role it plays in creating a more just and sustainable work environment.