New Year Pay Rise Rates Set
Economy, Business And Markets
Sunday, April 15, 2018

Iran's New Year Pay Rise Rates Set

The Supreme Labor Council late Wednesday announced wage rise rates for the new Iranian year that began on March 21. 
Minimum wage workers—those who receive 9.29 million rials (about $221)–will get a rise of 19.55% this year, while workers of other pay levels (above the minimum) will see a rise of 10.4% plus a monthly fixed sum of 846,240 rials ($20) to their wage base and a daily rise of 17,000 rials (40 cents) to their severance base pay. 
The representatives of the government, workers and employers also set 1.1 million rials ($26) as worker coupon in addition to 400,000 rials ($9.5) as housing allowance. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/26gwjZ
  1. https://goo.gl/zNZaRx
  • https://goo.gl/EAnxfQ
  • https://goo.gl/YCxDbU
  • https://goo.gl/aPagXe
  • https://goo.gl/293br7

You can also read ...

Big Benefits of a German ‘Iran Bank’
Since US President Donald Trump pulled out of the nuclear...
Islamic Bonds Worth $25m Issued for  Locomotive Manufacturing
Some 1.05 trillion rials ($25 million) worth of Islamic bonds...
Audi Names New Leader After CEO Arrested
Audi has tapped its top sales executive to lead the company...
Structural Reforms in Banks  to Help Ensure Fiscal Stability
The second and final day of the Conference on Monetary and...
Hyundai Elantra
After local media reported that the South Korean carmaker...
Two-Month Auto Parts Import Bill: $468m
Iran’s auto parts import bill for the first two months of the...
Kerman to Host 2 Int’l Mining Expos Next Week
The Sixth International Exhibition of Mining, Mineral...
IRIR Unveils Suburban Rail Expansion Plans
The Islamic Republic of Iran Railways plans to expand suburban...

Add new comment