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.