On 1 April 2016 the National Living Wage will become law. The Government is urging businesses to prepare early for the changes and make sure they follow these four simple steps:
· Know the correct rate of pay - £7.20 per hour for staff aged 25 and over
· Find out which staff are eligible for the new rate
· Update the company payroll in time for 1 April 2016
· Communicate the changes to staff as soon as possible.
TheNational Living Wage will provide a direct boost to over one million workers in the UK this year – rewarding and providing security for working people.
By taking these measures, companies will be able to properly reward their staff and avoid falling foul of the law when it takes effect.
The new National Living Wage is a key part of the Government’s plan to continue to move to a higher wage, lower tax and lower welfare society, building a more productive country and giving families the security of well-paid work.