The National Wage Council, in its session No. 5834 held on October 30, 2024, approved a general 2.37% increase in minimum wages for the private sector. Below are the key details:

Details of the Increase:

  1. Effective Date: The wage adjustments will take effect on January 1, 2025.
  2. Specific Increases: The increase in wages of Domestic Workers is 2.33962%. Wages of workers in Generic Specialized Occupations increase by 0.5562880%.
  3. Mandatory Compliance: These adjustments are mandatory for anyone earning the minimum wage.

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