The National Minimum Wage 2014

The National Minimum Wage (NMW) increases on the 1st October 2014. Below are the current rates and the new rates that comes into force next week.

What

Prior to October 2014

per hour

From 1 October 2014

per hour

Workers aged 21 +

£6.31

£6.50

Development rate for workers aged 18-20

£5.03

£5.13

Young workers aged16-17

£3.72

£3.79

Apprentices under 19 or who are over 19 but in the first year of their apprenticeship

£2.68

£2.73

If you are a London employer – have you considered paying the London Living Wage? It is £8.80 at the present, and if your business is based anywhere in the rest of the country, the Living Wage is set at £7.65.

For help with HR, whether you are take on your first or your fiftieth employee, do contact us for a no obligation discussion. Embrace HR, based in Aylesbury, Buckinghamshire, helps SMEs who do not have their own HR departments, or those who need HR support from time to time.

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