Yesterday, the Government announced the national living wage (NLW) and national minimum wage (NMW) rates which will come into force from April 2021.
The NLW will increase by 2.2% from £8.72 to £8.91 per hour. For the first time, it will cover those aged 23 and 24 meaning they must be paid at least £8.91 per hour from next April.
The National Minimum Wage is also increasing for younger people.
For people aged 21-22, it will rise 16p from £8.20 to £8.36 (2.0 per cent).
Those aged between 18-20 will have their wages boosted 11p, from £6.45 to £6.56 (1.7 per cent).
Wages for 16-17-year-olds will go up 7p, from £4.55 to £4.62 (1.5 per cent).
And the apprentice rate will rise 15p, from £4.15 to £4.30 (3.6 per cent).
You can read more about the announcement here.
How do you intend to communicate this rise to your workforce?
How do you intend to deal with wage differentials between those who earn in excess of the NLW or NMW?
If you have any questions please contact a member of the team on 01926 355560 or email firstname.lastname@example.org