Increasing minimum wage in 2021 to cost companies almost PLN 4bn

Increasing the minimum wage next year to PLN 2,800 is a cost of PLN 826.2 million for large companies and over PLN 3.039 billion for small, medium and micro-enterprises, according to the regulatory impact analysis (OSR) of the draft regulation of the council of ministers on the amount of the minimum remuneration for work and the minimum hourly wage in 2021.

The draft, available on the website of the Government Legislation Center (RCL), has been submitted for public consultation. Employers and trade unions can submit comments until August 26.

A regulatory impact analysis or regulatory impact assessment is a document created before a new government regulation is introduced. RIAs are produced in many countries, although their scope, content, role and influence on policymaking vary.

(ISBnews)