The living wage is calculated by the Centre for Research in Social Policy at £7.20 per hour for the UK outside London, as a minimum level of pay to ensure an acceptable standard of living.
The Minister will invite stakeholders with an interest in the living wage, including the CBI, the Joseph Rowntree Foundation, the Wales TUC and Save the Children to consider this issue.
Carl Sargeant said:
"The Welsh Government is committed to supporting lower paid staff because we know that fair pay can not only help promote productivity and morale at work, but also support good health and family life. We are also concerned with addressing the ongoing challenges of in-work poverty.
"The Welsh Government civil service and people who work for the NHS in Wales are some of the public service employees in Wales already being paid the £7.20 rate or above.
"The Policy Group I am setting up will explore this issue in further detail and look at the benefits of a living wage for Wales."