After the Cabinet Meeting of President Recep Tayyip Erdoğan at the Presidential Complex yesterday, “We are starting work on our Minimum Wage Determination Commission.” The statement stirred the agenda of working life.
The eyes were turned to the new minimum wage figure, which directly concerns more than 7 million employees and indirectly all citizens.
In this context, the Minimum Wage Determination Commission, consisting of workers, employers and government representatives, will meet in the coming days to determine the increase to be made to the current figure, which is applied as gross 10 thousand 8 lira and net 8 thousand 506 lira.
The commission is expected to determine the amount of interim hike to be made, taking into account the inflation figure for the first 6 months of 2023, which will be formed after the June inflation to be announced by the Turkish Statistical Institute (TUIK) on 3 July.
How is the minimum wage determined?
The Minimum Wage Determination Commission, which consists of 15 people, each of which is five representatives from the employee, employer and government, determines the minimum wage. The Commission meets 4 times in December, on the basis of practice, within the scope of the studies to determine the new minimum wage.
The commission, chaired by one of the members determined by the Ministry, convenes with the participation of at least 10 members and decides by majority vote. In case of equality of votes, it is accepted that the party with the president wins the majority.
The cost to the employer is 11 thousand 759 liras
The minimum wage is applied as a gross monthly income of 10 thousand 8 lira for a worker, and 8 thousand 506 lira and 80 kuruş net when taxes and deductions are deducted.
The total cost of the minimum wage to the employer is 11 thousand 759 lira and 40 cents for a worker. 10 thousand 8 liras of this is the gross minimum wage, 1551 liras 24 cents for social security premium, 200 liras 16 cents for employer unemployment insurance fund.