Guyana gov't announces 26 per cent minimum wage increase for private sector workers
GEORGETOWN, Guyana (CMC):
The Guyana government Wednesday announced a 26 per cent increase in the minimum wages for workers in the private sector.
A statement from the Ministry of Social Protection stated that the new minimum wage is now GUY$255 per hour, up from previous figure of GUY$202 (One Guyana dollar =US$0.004 cents).
Social Services Minister Volda Lawrence is quoted in the statement as having accepted the recommendation by the Tripartite Committee to hike the minimum wage from January 1, next year.
The statement noted that the minimum daily rate is GUY$2,040, the minimum weekly rate is GUY$10,200 while the minimum monthly rate is GUY$44,200 based on the normal eight hour work week five days per week and 40 hours per week.
The Social Services Ministry used the opportunity to remind employers that during the Christmas season, employees may be required to work extraordinary long hours “and for that adequate rates of pay must apply”.