From: Department for Business, Innovation & Skills and Nick Boles MP
First published: 7 December 2015
Part of: Employment, Business enterprise and Business regulation
Firms advised to take simple steps now as poll reveals 93% of bosses support initiative, with majority believing it will boost productivity and retain staff.
Britain’s bosses are urged to take 4 simple steps to be better prepared for the introduction of next year’s (2016) new National Living Wage (NLW), on the day that the statutory instrument is laid to write it into law.
Businesses are being advised to prepare early for the changes on 1 April 2016, when the new wage will become law, and make sure they follow these 4 simple steps:
– know the correct rate of pay – £7.20 per hour for staff aged 25 and over
– find out which staff are eligible for the new rate
– update the company payroll in time for 1 April 2016
– communicate the changes to staff as soon as possible
Employers can find out more by visiting http://www.livingwage.gov.uk.
For more information please contact Alexander Marshall on 01698 258178.