Good Morning,
It's an important day for employers and employees the National Minimum Wage is increasing.
Hopefully your company is all sorted and all the pay rates have been amended if they needed to be.
But it's not the same for everyone. It's all about how old the employees are. I'll get to what difference I think that makes later in the post.
Maybe this is not in your job description and someone else has the responsibility for sorting this out. I think that it's something that everyone should at least have an idea about though, you might be surprised by the rates of pay that some of the countries work force earn.
Information taken from www.cipd.com
This also means there may be rate increases for any temporary staff you have working in your company as well. Check out the new rates you are being charged from your agency.
You can find out what LMRs new rates are by contacting the branch closest to you, details in the 'Contact Us' page at the top of the blog
The National Minimum Wage has had a lot of increases over the years and if your like to see what people where earning back in 1999 onwards take a look at the post from one of our directors Michael Kennedy How (minimum wage) times have changed
In my opinion setting a minimum rate for an hours work is a good thing but, I know other people have different opinions.
I've read about people saying that they are going to stop employing people over 25 to try to save money. Can companies really survive deciding on who to employ with reference to their age rather than experience or being the right fit for the job? Can they legally do it? I doubt it!
What do you think? Do enforced increases need to be in place? Does it make things hard for smaller companies? If you don't agree with them, what do you think should happen to ensure employees get a fair rate of pay for the work they do? What are your thoughts about employing over 25s?
Let me know in the comments.
Anice
It's an important day for employers and employees the National Minimum Wage is increasing.
Hopefully your company is all sorted and all the pay rates have been amended if they needed to be.
But it's not the same for everyone. It's all about how old the employees are. I'll get to what difference I think that makes later in the post.
Maybe this is not in your job description and someone else has the responsibility for sorting this out. I think that it's something that everyone should at least have an idea about though, you might be surprised by the rates of pay that some of the countries work force earn.
National Minimum Wage
Age
|
Rate from 1 October 2014
|
Rate from 1 October 2015
|
Workers aged 21 and over
|
£6.50 an hour
|
£6.70 an hour
|
Development rate for workers
aged 18-20
|
£5.13 an hour
|
£5.30 an hour
|
Young workers rate for workers
aged 16-17
|
£3.79 an hour
|
£3.87 an hour
|
Apprentices under 19, or over
19 and in the first year of the apprenticeship
|
£2.73 an hour
|
£3.30 an hour
|
This also means there may be rate increases for any temporary staff you have working in your company as well. Check out the new rates you are being charged from your agency.
You can find out what LMRs new rates are by contacting the branch closest to you, details in the 'Contact Us' page at the top of the blog
The National Minimum Wage has had a lot of increases over the years and if your like to see what people where earning back in 1999 onwards take a look at the post from one of our directors Michael Kennedy How (minimum wage) times have changed
In my opinion setting a minimum rate for an hours work is a good thing but, I know other people have different opinions.
I've read about people saying that they are going to stop employing people over 25 to try to save money. Can companies really survive deciding on who to employ with reference to their age rather than experience or being the right fit for the job? Can they legally do it? I doubt it!
What do you think? Do enforced increases need to be in place? Does it make things hard for smaller companies? If you don't agree with them, what do you think should happen to ensure employees get a fair rate of pay for the work they do? What are your thoughts about employing over 25s?
Let me know in the comments.
Anice
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