Minimum Wage Review Committee – Energy FM


Fri, 07 May 2021

The Minimum Wage Committee, an independent committee made up of representatives of employers and workers, is seeking the views of businesses and individuals in a review of minimum wage rates in the Isle of Man.

Enterprise Minister Laurence Skelly MHK has asked the Minimum Wage Committee to make recommendations on any changes to the minimum wage rate that come into effect in 2021.

In response to this request, the Minimum Wage Committee is seeking opinions from businesses and individuals on this important issue and would welcome written submissions from interested parties.

The Minimum Wage Committee will review the submissions received and consider them in conjunction with the matters prescribed in the legislation to be considered, including:
• The broader social and economic implications of any minimum wages to be prescribed under the 2001 Minimum Wage Act;
• Its probable effects on;
o Employment (especially among disadvantaged groups);
o inflation;
o Its impact on the costs and competitiveness of businesses;
o The costs of industry and public authorities on the island;
• Its impact on wages, employment and competitiveness in low-wage sectors and small businesses;
• Its effect on different groups of workers;
• The effect on salary structures; and
• The interaction between minimum wage rates and tax benefit systems.

Laurence Skelly MHK, Minister of Enterprise, commented:

“I recognize that the past year has been difficult for both individuals and businesses. The purpose of this review will be to ensure that the committee is able to fully consider the variety of challenges facing our economy, so that any final decisions are fully informed by the challenges and perspectives of the community. manxane.

“ Any change in the minimum wage rate on the Isle of Man must balance the needs of employers and our workforce, and continue to support our island’s position as a progressive, diverse and attractive place to live and work. . ”

Submissions can be sent to the Minimum Wage Committee by email to: [email protected], or by post to the following address:
The Secretary of the Minimum Wage Committee, Department of Business, Nivison House, Prospect Hill, Douglas, IM1 5ET.

The Minimum Wage Committee requests that all submissions be received no later than June 4, 2021.

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