According to the Labor Law of the People's Republic of China*** and the Provisions on Minimum Wage Standard in Nanjing, the minimum wage standard in Nanjing will be adjusted annually. starting from January 1, 2023, the minimum hourly wage standard in Nanjing will be adjusted upwards to RMB28/hour. This standard applies to the minimum wage standard for enterprises employing workers from employers within Nanjing. The increase is based on a combination of factors. The Nanjing Bureau of Human Resources and Social Security said that the increase reflects the actual situation of economic development and production and living costs in Nanjing, and is conducive to raising the income level of workers and safeguarding their legitimate rights and interests. At the same time, it also puts pressure on employers to improve their business management, enhance innovation and development, and improve the production efficiency and competitiveness of their enterprises. It should be noted that the minimum wage standard is not fixed and varies from region to region. When employing workers, employers should strictly observe the minimum wage standard and pay the relevant fees such as social insurance and provident fund for their employees.
What is the impact of the minimum wage on employers? The increase of minimum wage standard will increase the labor cost of employers, but at the same time, it can also stimulate the motivation of employees and improve the quality and efficiency of their work. In addition, employers need to improve their management level and enhance innovation and development in order to obtain better production efficiency and competitiveness.
The upward adjustment of the minimum hourly wage standard in Nanjing is aimed at safeguarding the legitimate rights and interests of laborers and improving their income level, while also requiring employers to improve production efficiency and management level. When employing employees, employers should strictly abide by the minimum wage standard and pay the relevant fees for their employees to avoid illegal behavior.
Legal basis:
Article 23 of the Provisions on Minimum Wages in Jiangsu Province (Revised in 2017) The wages paid by an employer shall not be lower than the locally stipulated minimum wage standard.