Effective January 1, 2016, the statutory minimum wage in Ireland increased from €8.65 to €9.15 per hour, which equates to a new annual minimum salary of €18,556 per year (based on a 39 hour working week).
Who is affected?
This increase in the Irish minimum wage impacts the following categories of employment permit applicants current holders:
- Dependent/Partner/Spouse Employment Permit;
- Exchange/Internship/Reactivation/Sport and Cultural Employment Permits;
- Intra Company Transfer (ICT) and Contract for Services Employment Permits.
It is important to note that these revised rates apply equally to employment in respect of which employment permits are already in force.
What pay increases may be required for existing Employment Permit holders?
- Existing Employment Permit holders with hourly pay rates on or below the previous minimum requirement must receive a pay increase from January 1, 2016;
- ICT Employment Permit holders with a base annual salary (before allowances) below €18,556 must receive an increase to their base annual salary to bring them it to the new minimum salary no later than January 1, 2016.
Please note that this is general information only and not intended as advice on a specific matter. Please feel free to contact Fakhoury Global Immigration directly with questions exclusive to your situation. This news alert may have been prepared using information from Peregrine Immigration Management, which is licensed to Fakhoury Global Immigration.