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    Poland Set to Raise Minimum Wage and Hourly Rate in 2024

    In a recent announcement, Poland’s cabinet has given its approval for a significant increase in the minimum wage and minimum hourly rate, starting from January next year. Prime Minister Mateusz Morawiecki disclosed this development on Thursday, outlining the government’s plan to improve the living standards of workers across the country.

    As of January 1, 2024, the minimum wage in Poland will see a substantial hike, rising to PLN 4,242 (EUR 917). Additionally, the minimum hourly rate will also see an increase, reaching PLN 27.70 (EUR 4.9).

    Looking further ahead, the government has slated another increase to take effect on July 1, 2024. At that time, the minimum wage is set to climb to PLN 4,300 (EUR 929), while the minimum hourly rate will inch up to PLN 28.10 (EUR 6).

    This move is expected to have a significant impact on both employees and employers. Notably, in July of this year, the Polish government estimated that the annual cost for employers resulting from the minimum wage hike in 2024 would be approximately PLN 35.34 billion (EUR 7.64 billion), as reported by Family Minister Marlena Maląg.

    The government’s decision to increase the minimum wage reflects its commitment to improving the standard of living for workers in Poland and addressing income disparities. It will be closely monitored to assess its effects on the economy and the well-being of the country’s workforce.

    Source:

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