An 80 cent per hour rise is expected to be approved by cabinet ministers today.
The increase would see the hourly rate rise to to €11.30 from the start of next year.
However, the Irish Congress of Trade Unions is calling for the minimum wage to be increased by €1.50, to bring it up to €12 an hour.
The change was recommended by the Low Pay Commission, however, ICTU says an 80c increase is not enough to help low-paid workers with the rising cost of living.
Irish Small and Medium Enterprises Association says increasing the minimum wage isn't the solution cost of living and housing affordability issues facing workers.
ISME's Chief Executive, Neil McDonnell, says employers "won't be able to bridge the gap".
Mr McDonnell says as if approved, an 80 cent increase would give Ireland the second-highest minimum wage in Europe.