National Minimum Wage and Wage Boards in Sri Lanka

Law: The National Minimum Wage of Workers (Amendment) Act, No. 16 of 2021

The National Minimum Wage of Workers (Amendment) Act, No. 16 of 2021 establishes a minimum monthly wage for all workers in Sri Lanka. However, it doesn't define "basic salary."

Minimum Wage Amount

The Act sets a minimum monthly wage, but the actual amount varies depending on the industry. As of 2024, the national minimum wage itself is LKR 16,000, but some sectors might have higher minimums set by Wage Boards.

Wage Boards

Law: Wages Boards Ordinance (Chapter 141)

The Wages Boards Ordinance (Chapter 141) establishes a system of 44 Wages Boards.

Function

These boards determine minimum wages and regulate working conditions for specific trades and sectors.

Industry-Wise Minimums

Wage Boards set minimum wage floors for different industries. While the national minimum wage is LKR 16,000, some industries might have higher minimums set by their respective Wage Boards. Here are some examples:

• Apparel Industry: The minimum monthly wage can range from LKR 10,000 to LKR 12,000 (depending on the specific category within the apparel industry).

By understanding these laws and regulations, employers and employees can ensure compliance with minimum wage standards set by the National Minimum Wage of Workers (Amendment) Act and specific industries regulated by Wage Boards.