At the beginning of October we released the new National Living Wage and National Minimum Wage rates which you can read about here
Alongside the new rates, it was revealed that the Government have scrapped future autumn reviews and will now review all National Minimum Wage rates in April, alongside the National Living Wage, starting in April 2017.
The Low Pay Commission released the April 2017 National Living Wage rates this week, increasing the minimum rate of pay for employees aged 25 and over from £7.20 to £7.50. National Minimum Wage rates are also set to increse in April 2017.
As our workforce is ageing and the penalties for non-compliance are increasing, it’s never been more important to ensure that your company payroll is safe, up to date, and compliant with all current legislation. Getting ahead of the game in terms of ensuring your employees are paid at the correct rate of pay can boost employee morale, show your organisation is committed to positive changes for the workforce, and can ease the workload, financial impact and headaches of a last minute pay review.
The summ.it Payroll Service ensures that your company is always compliant with current legislation and makes pay reviews and increases run smoothly and stress free. Our advisors are experts in legislative changes and forecasting and can provide you with the best advice and service for staying one step ahead.
We’ll be advising on the proposed April 2017 National Living and Minimum Wage rates as soon as they’re released. In the meantime, take a look at our Payroll Service, via the link below, and see how it can add real value to your business. Why keep your eye out for what’s to come when we can do it for you?