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submitted 1 week ago* (last edited 1 week ago) by loki@lemmy.dbzer0.com to c/Nepal@lemmy.dbzer0.com

Summary:

  • New Minimum Wage: The government of Nepal has increased the minimum monthly wage from Rs 17,300 to Rs 19,550.
  • Effective Date: The new wage came into effect from Shravan 1, 2082 BS (mid-July 2025).
  • Tripartite Agreement: This decision was made after an agreement between the government, employers, and trade unions during a meeting at the Ministry of Labour, Employment and Social Security.

Revised Minimum Wages:-

  • Basic Salary: Rs 19,550/month
  • Daily Wage: Rs 754
  • Hourly Wage: Rs 101

Additional Cost: Employers must also contribute 20% to the Social Security Fund, increasing total monthly cost to Rs 21,984.

Legal Basis: The change follows provisions in the Labour Act 2074, which requires revision of minimum wages every two years based on recommendations.

Impact:- For Employers: Need to update payroll and HR policies, adjust budgets, and comply with the law to avoid penalties.

For Employees: Provides better financial support amid rising living costs, improves job security and life quality.

The article concludes that this wage adjustment is a significant step toward fairer pay in Nepal and calls for smooth adaptation by companies to comply with the law.

Archive: https://archive.md/nhqkM

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this post was submitted on 23 Jul 2025
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