Minimum wage may see another increase
The Ministry of Labor and Social Welfare announced previously the nationwide re-set of the minimum labor wage. It was decided in April that the national minimum wage would be set to 190,000 MNT with an increase of 36.7 percent by September 1st 2013. The minimum labor wage re-set was based on a decision by a three-party negotiation between the labor unions, employers and the Government of Mongolia to increase the previous minimum labor wage of 140,400 MNT to 190,000 MNT.
The new minimum labor wage is not in effect yet. The parties agreed to make it effective by September. The minimum labor wage is expected to be re-set differently in every sector and some sectors have already re-set their minimum labor wage rates.
For example the construction sector re-set the minimum labor wage to 385,000 MNT, the energy sector to 230,000 MNT and the health sector to 182,000 MNT.
The Health sector is negotiating to update the sector minimum labor wage again and the minimum labor wage for other sectors is expected to re-set next month.
During the announcement of the nationwide re-set of the minimum labor wage to 190,000 MNT the Government of Mongolia promised to consider the surge of consumer goods price and inflation.
If the Government is unable to cut the inflation rate it will sit down behind the negotiation table to re-set the minimum labor wage again.
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