The Living Wage and National Minimum Wage
Mar 19, 2024

The new levels of the National Minimum and National Living Wage come into effect from 1st April 2024 and will be:


£11.44 for people aged 21 and over 

 

£8.60 for those aged 18 to 20


The UK's minimum pay scales are governed by two different sets of regulation:


  • National Living Wage regulations were passed through parliament in 2016 and from April 2021, have applied to anyone aged 23 or over. This has been lowered to 21  since 2024.

  • National Minimum Wage regulations have been in force since 1999 and apply to anyone under 23.

Penalties for employers who flout the regulations are punitive. If an employee can prove that they have not been paid correctly, HMRC can issue a fine and insist that employers pay any arrears. If these monies remain unpaid, the employment tribunal could impose fines of up to £20,000. You can find out more about your responsibilities as an employer on the ACAS website.


Voluntary ‘Real Living Wage’ Scheme


In addition to this mandatory scheme, there is also a scheme known as the ‘Real Living Wage’ run by the Living Wage Foundation, which is based on the cost of living.


There are currently over 12,000 accredited employers who support the scheme which, according to the Living Wage Foundation, helps them attract the best staff.


As a reputable consultancy with 25 years experience, we understand the nature of the local job market, which means we can offer you guidance on the optimum hourly pay rates and salaries to attract the best candidates.


For more information about setting appropriate pay rates, please contact Tracy Welch at Priority Appointments on 01256 334575 or email us.

By Shazamme System User 15 Apr, 2024
Big congratulations to Mike for winning our Temp of the month award! “Mike is willing to learn new processes and is always pushing his Team Leader for more work. He is very conscientious and has fitted in with the team very well." Michael has received a £25 voucher to thank him for all his hard work. If you would like to partner with a recruitment consultancy that really cares about finding great temps for great clients in Hampshire, Surrey and Basingstoke, please give us a call on 01256 334575.
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Luke Arnott (right), the Director of our Industrial and Technical Division, popped out yesterday to deliver our latest Temp of the Month award to Bineesh, who is currently on assignment with one of our longstanding clients in the manufacturing sector. Bineesh has received a £25 voucher to thank him for all his hard work, which hasn't gone unnoticed by his manager! If you would like to partner with a recruitment consultancy that really cares about finding great temps for great clients in Hampshire, Surrey and Basingstoke, please give us a call on 01256 334575.
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