New law: Employers budget for new national living wage from 1 April 2016
Employers are assessing the impact of, and planning for the new national living wage of £7.20 per hour for employees aged 25 or more, from 1 April 2016.
This update was published in Legal Alert - February 2016
Legal Alert is a monthly checklist from Atom Content Marketing highlighting new and pending laws, regulations, codes of practice and rulings that could have an impact on your business.
Other age groups continue to be paid the national minimum wage.
- Employers should consider the impact on their profitability, and whether and how to implement cost savings, such as different working hours or redundancy
Disclaimer: This article from Atom Content Marketing is for general guidance only, for businesses in the United Kingdom governed by the laws of England. Atom Content Marketing, expert contributors and ICAEW (as distributor) disclaim all liability for any errors or omissions.
Copyright © Atom Content Marketing