The additional salary cost to the Department and its Offices of introducing a minimum hourly rate of €11.50 per hour for directly employed staff is estimated to be €234,680 per annum. This figure, inclusive of employers PRSI would be €259,909. The Offices of the Department include the Companies Registration Office, Employment Appeals Tribunal, Labour Court, Low Pay Commission, Office of the Director of Corporate Enforcement, Patents Office, Registry of Friendly Societies and the Workplace Relations Commission.
The indicative additional annual cost across the Agencies funded through my Department's Vote would be €261,216. This covers the Competition & Consumer Protection Commission, Health & Safety Authority, IDA Ireland, Irish Auditing and Accounting Supervisory Authority, Enterprise Ireland, National Standards Authority of Ireland and Science Foundation Ireland.
The Personal Injuries Assessment Board (PIAB) is self-financing and does not receive any Pay provision through my Department’s Vote. Any additional Pay cost on foot of the introduction of a living wage of €11.50 per hour would have to be borne through the fees mechanism operated by the PIAB.
The staff of Inter-Trade Ireland, which is part-funded through my Department's Vote, are all based in Northern Ireland.