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Avoid the Stress; let us help with Wage Changes!

by | Mar 30, 2023 | News

Avoid the Stress; let us help with Wage Changes!

The Government announced the rates of the National Living Wage (NLW) and National Minimum Wage (NMW), in their Autumn Budget, which are coming into force from April 2023.  As always, we are here to help make these changes as stress-free as possible for you and your business.


So let’s take a look at what these changes mean:

Rate from April 2023
National Living Wage £10.42
​​21-22 Year Old Rate £10.18
18-20 Year Old Rate £7.49
16 – 17 Year Old Rate £5.28
Apprentice Rate £5.28
Accommodation Offset £9.10

These new rates will apply from April 1st 2023.

Employers should start planning now for the pay raises which will be required from April 2023 onwards, particularly if they use payroll software which may need updating in order for the new rates to be applied correctly.

How can we help?  

As always, we are here to help make these changes as stress-free as possible for you and your business. Here are some ways in which we can assist:
– Reviewing your current pay structure and identifying any areas which may be affected by the changes
– Providing template letters to communicate the changes to your employees
– Answering any questions you may have about the process or the changes themselves.  

Making sure you are prepared for the upcoming changes is crucial to avoid any stressful surprises down the road.  It is an offence to pay an employee less than the minimum wage. Full details of the potential penalties can be found here National Minimum Wage: policy on enforcement, prosecutions and naming employers who break National Minimum Wage law – GOV.UK (www.gov.uk)

At Spire HR, we are experts in all things payroll and would be more than happy to help take some of the burden off you.

Contact us today for advice. 

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AGP have used Spire HR Solutions Limited for numerous matters relating to HR issues for both ourselves and clients of the practice. I have always found them to be extremely knowledgeable and helpful and to be very responsive to our needs.

Spire is now the practice’s first point of contact for any HR issues we encounter and I would certainly recommend them to anyone in need of assistance with any HR matters.

 

Ellen has helped streamline procedures and provide greater controls through her extensive knowledge and professional dedication, which has enabled me to concentrate on my main objective, growing the business.

I would say ‘key’ to her service is the confidence she provides with the HR guidance, I know without doubt that when dealing with my employees I follow the correct procedure and staff feel confident that they have the right HR support. The guidance on our bonus structure and appraisal scheme is one of many examples in which Ellen’s guidance has been invaluable.

I have been pleased with work Ellen has done for us and would not hesitate to recommend her to others. She provides a high quality, professional service and is very responsive to the needs of a small, growing organisation.

 
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