Minimum wages’ policy making
Photo ©Adobe Stock/ Andrey Popov
Minimum wages’ policy making
How to define, calculate, update, and negotiate minimum wages
Who attends this course?
This course is designed for individuals working in employers' organizations. Ideal participants include those with a technical profile, such as economic advisors or similar roles.
Summary of the Course:
This training provides a comprehensive understanding of minimum wage-setting mechanisms, key ILO conventions, and the socioeconomic impact of minimum wages. Participants will explore the relationship between minimum wages, inflation, unemployment, workers’ needs, and business sustainability. Through case studies, international benchmarking, and policy recommendations, the course equips participants with practical tools to develop effective minimum wage strategies.
What topics will the course cover?
- Design and revision of wage structures: explore key concepts, applicable ILO conventions, quantitative methodologies, and stakeholders involved in wage setting.
- Implementation of wage policies: explore case studies and best practices from various economies, focusing on the application and impact of wage policies.
- Practical application: participate in interactive discussions with experts and peers to apply the concepts and strategies learned throughout the course.
What will I learn?
- Understand how wage increases affect business costs and their impact on competitiveness, productivity, and economic activity.
- Track minimum wage trends and report on their economic and social effects for employers' organizations.
- Learn about key ILO Conventions on wage policies and how governments and social actors influence wage setting.
- Contribute to wage policy discussions using sectoral and regional insights.
- Learn how minimum wages are set in different economies and their practical effects.
Learning hours:
Executive course: 4.5 hours.
Extended course: 4.5 hours.
Type of Certificate:
Certificate of participation
