The minimum wage is expected to be increased by 30cent to €9.55 per hour in January, 2018.
The announcement was made by An Taoiseach Leo Varadkar, Tánaiste Frances Fitzgerald and Minister of State for Disability Issues Finian McGrath.
Taoiseach Leo Varadkar said the decision to increase the minimum wage by 30c an hour would benefit up to 150,000 workers. Only those on full hours will earn up to an extra €12 a week.
This will be the second increase to the minimum wage since this government involving Fine Gael and Independents came to office, with a 10c increase in 2016.