Minimum wage increased for 2023

IMPACT — MEDIUM

The Irish government announced that it would increase the minimum wage by 7% in 2023.

Key Points:

• Ireland’s hourly national minimum wage will increase on by 80 cents from €10.50 to €11.30.
• The new minimum wage will take effect Jan. 1, 2023.
• The increase in minimum wage will impact non-European Economic Area workers who are on the Atypical Working Scheme or hold a(n):
  • Internship Employment permit.
  • Intra-Company Transfer permit.
  • Contract for Service Employment permit.

Additional Information: The minimum wage is relevant to all workers in Ireland, including employee card holders whose wages cannot be lower than the minimum wage. Foreign workers must be paid above the minimum wage.

BAL Analysis: Businesses may see a slight increase in labor costs because of the new minimum wage. Employers should take the new wage minimums into account when planning their 2023 budgets.

This alert has been provided by the BAL Global Practice Group. For additional information, please contact berryapplemanleiden@bal.com.

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