Forthcoming changes to the National Minimum Wage and the new National Living Wage age band
This is a reminder for businesses to budget and plan for the forthcoming change to the National Living Wage banding. Currently, the National Living Wage (NLW) applies to workers who are aged 23 and over, but from 1 April 2024 this minimum age will be lowered, so that the NLW will apply to all workers […]
Guide to the National Minimum Wage 2022
What is the National Minimum Wage? The National Minimum Wage Act 1998 was introduced to create a statutory minimum hourly wage rate for employees and workers. The National Minimum Wage (NMW) framework includes different pay levels depending upon a person’s age. When first introduced back in April 1999, the pay bands within the NMW were […]
Interesting Statistics December 2020: National Living Wage, Real Living Wage, National Minimum Wage
National Living Wage and Real Living Wage Changes The Chancellor announced in his November financial statement, that there would be an increase to the National Living Wage and the National Minimum Wage which will come into force from 1 April 2021. The National Living Wage, which is part of the mandatory National Minimum Wage Scheme, […]
Real Living Wage boosted to £9.50 per hour
According to the Living Wage Foundation, over 250,000 people will see wages boosted by 20p to £9.50 if their employer has signed up to the ‘Real Living Wage‘, and employees should receive the new rate in May 2021. Not to be confused with the National Living Wage (NLW), the Real Living Wage is a recommendation of the Living Wage Foundation that ensure all workers earn a wage that covers […]
The facts about zero-hours contracts
The once traditional Monday to Friday, 9 to 5, is now only the norm for a minority of people. As both employers and workers look for more flexible alternatives, the number of zero-hours contracts has grown rapidly in recent years leading to what has become widely-known as the ‘gig economy’. It’s estimated that 896,000 people […]
National Minimum Wage (NMW) and other rate increases 2020
The government has confirmed it will raise the National Insurance threshold to £9,500 in 2020. The National Living Wage has also been increased by 6.2%. The new rates are below. Further to the announcement of the most recent Budget in 2019, the new National Minimum/Living Wage will increase from 1st April 2020, as follows: Workers […]
Prime Minister refuses to back down on National Living Wage plans
Prime Minister Theresa May has said that she will not back down on the Government’s plans to increase the national living wage over the next few years. Mrs May has dismissed calls from top business leaders to drop its 2012 target and restore the powers of the Low Pay Commission. The minimum pay rate for over […]
National Living Wage Ends Free Lunch!
Staff working for popular coffee shop chain Caffe Nero, have been left disappointed after the company announced it was no longer giving employees a free lunch when they were on shift. The move has come as part of a pay review across the company, brought in following the introduction of the new National Living Wage […]