New Government Wage Changes: What You Need to Know

by | Apr 3, 2024 | News

With the government’s changes to the National Wage and Statutory Payments set to take effect on 1st and 7th April 2024, respectively, businesses need to prepare. These changes will considerably impact employers, and at Spire HR, we’re dedicated to making the transition as stress-free as possible.

From 1st April 2024, the government is increasing the National Wage:

  • For 21 years and over: £11.44 per hour
  • Age 18 – 20: £8.60 per hour
    • Under 18: £6.40 per hour
  • For Apprentices: £6.40 per hour if aged under 19 or aged 19 or over and in the first year of their apprenticeship

From 7th April 2024, the following Statutory increases apply:

  • Statutory Parental Pay (maternity/paternity/adoption etc) increases to £184.03 per week
  • Statutory Sick Pay increases to £116.75 per week

What does Spire HR have in store for its clients during this period? We’ll automatically update policy changes to reflect these statutory parental pay increases for our retained clients. If you aren’t a retained client, contact us for updated policies.

From reviewing your current pay structure, providing template letters for communicating changes to your employees, to answering any queries about the process or the changes themselves, we’re here to guide you every step of the way.

Don’t hesitate to contact us for advice today.

 

As we had recently come up against some difficult staffing issues which we had not experienced before, Ellen Parkin at Spire HR was recommended to us by one of our business partners to guide and assist us with the complex HR legalities we needed to adhere to.

Ellen was very efficient and professional and gave us instant confidence that she would be able to competently provide the help we needed. Ellen was readily accessible via email or telephone throughout the whole process and gave us the vital lifeline we needed during a very emotive and stressful time. Spire HR realised that as an SME, we had to balance the commercial viability for HR consultancy with the expertise and guidance we needed and Ellen was open and honest from the outset, providing a cost-effective and professional service. I would therefore have no hesitation in recommending Spire HR to anyone.

 

We are too small to justify a full-time HR employee; yet we cannot afford to ‘get it wrong’ The excellent service offered by Spire HR Solutions is the perfect solution for us

 

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.