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New minimum wages for permit holders will take effect Jan. 1, 2022.
Key Points:
Additional Information: The minimum salary requirements for highly skilled migrants and intra-corporate transferees exclude an 8% mandatory holiday allowance.
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 2022 budgets.
This alert has been provided by the BAL Global Practice group. For additional information, please contact berryapplemanleiden@bal.com.
Copyright © 2021 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries please contact copyright@bal.com.
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