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Are you ready for the new National Living Wage?
Date: 8th March 2016
Steve Wright of Twyford HR gives you the details you need. In April, the Government’s National Living Wage will become law. Anyone aged 25 or over is entitled to be paid a minimum of £7.20 per hour, unless they are in the first year of an apprenticeship.
As an employer, you need to make sure you are compliant with the new regulations, as the Government has pledged to enforce the rules as stringently as the National Minimum Wage. If you offer benefits such as accommodation to your employees, it may be possible to claim a partial off-set, although each case needs to be considered on its own merits.
You need to check which of your employees are eligible under the new rules, and seek help from one of the team at either Thomas Croft or Twyford HR if you are unsure. It is also worthwhile checking the ages and rates of pay that apply to people under 25, because, if you fail to adhere to the rules on minimum pay, there are fines to face and the possibility of being ‘named and shamed’ on the Government’s list of employers who break the rules.