The Ministry of Economy and Labour remains dedicated to driving economic growth, supporting local businesses, and enhancing workforce development. Last year’s achievements have strengthened Bermuda’s economic foundation and reinforced our commitment to fair labour practices and innovation. Key highlights from 2024 include: • Minimum Wage Progression – Implemented Bermuda’s first minimum wage and introduced a biennial increase framework tied to inflation. • Equitable Gratuities Distribution – Developed a policy to assist businesses in complying with gratuities legislation. • Employment Amendment Act 2024 – Increased severance allowances for long-standing employees, enhancing financial stability. • Updated Employment Guide – Revised the Guide to Working in Bermuda to provide clear insights on employment rights and obligations. Looking ahead to 2025, the Ministry remains focused on building a resilient economy, creating more job opportunities, and ensuring fair and sustainable labour practices. Read the full Ministry of Economy and Labour Review 2024 here: tinyurl.com/moel2024yer. 📫Please forward this message to those who may need this information. 🇧🇲 Follow the *Official Government of Bermuda’s WhatsApp Channel* to stay informed: https://whatsapp.com/channel/0029VaDIiTAG8l5C2k00Op1a and hit ‘Follow’ to receive updates from the Bermuda Government.