02 February 2016

Employers budget for new national living wage from 1 April 2016

Employers are assessing the impact of, and planning for the new national living wage of £7.20 per hour for employees aged 25 or more, from 1 April 2016.

Other age groups continue to be paid the national minimum wage.

Recommendation

Employers should consider the impact on their profitability, and whether and how to implement cost savings, such as different working hours or redundancy.

If you have any queries regarding this topic, please contact Alan Kennedy on 0113 297 7718 or at akennedy@shulmans.co.uk. You can also download our Q&A on the subject, which answers some of the questions you may have.