Effective June 1, 2023, national minimum wage, which represents a 44 per cent increase, the largest in 20 years. The national minimum wage for employees, including household workers, was increased from $9,000 to $13,000 per 40-hour work week. The single time rate has been increased to $325 per hour for work done during any period not exceeding 40 hours in any week; the time and a half rate has increased to $487.50 per hour for work done in excess of 40 hours in any week, while the double time rate has moved to $650 per hour for work done during any period on a rest day or public holiday. Since 2016, the minimum wage has moved from $6,200 to $13,000, representing a 110 per cent increase over the seven-year period.
Read Full Article
Significant Adjustment in National Minimum Wage
The national minimum wage for employees, including household workers, has been increased from $9,000 to $13,000 per 40-hour work week.
Prime Minister, the Most Hon. Andrew Holness, made the announcement in his 2023/24 Budget Debate presentation in March.
The new rate, which took effect June 1, 2023, represents a 44 per cent increase, the largest in 20 years.
The single time rate has been increased to $325 per hour for work done during any period not exceeding 40 hours in any week; the time and a half rate has increased to $487.50 per hour for work done in excess of 40 hours in any week, while the double time rate has moved to $650 per hour for work done during any period on a rest day or public holiday.
Since 2016, the minimum wage has moved from $6,200 to $13,000, representing a 110 per cent increase over the seven-year period. Cumulative inflation over the same period was less than 50 per cent.
The minimum wage for industrial security guards has also increased from $10,500 to $14,000.00 per 40-hour work week.
The single time rate has increased to $350 per hour for work done during any period not exceeding 40 hours in any week; the time and a half rate has increased to $525 per hour for work done during any period in excess of 40 hours in any week, while the double rate is now $700 per hour for any period worked on a rest day or public holiday.
Notably, life insurance coverage with double indemnity protection and dismemberment coverage applicable to Industrial Security Guards was also increased to $3,273,000.
Rates for the following allowances were also adjusted:
Laundry Allowance increased to $52.38 per hour
Firearm Premium Allowance increased to $57.15per hour
Dog Holders’ Premium Allowance increased to $39.29per hour.
