Minimum wage to increase in 2022

The Slovakian government has announced that it will increase the minimum wage by just over 3.5% in 2022.

Key Points:

• Slovakia’s national monthly minimum wage will increase by 23 EUR from 623 EUR to 646 EUR.
• The new minimum wage will take effect Jan. 1, 2022.

BAL Analysis: Businesses may see a slight increase in labor costs because of the new minimum wage. Employers should take the new minimum 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.

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