Don’t forget that from October 1st 2011 the National Minimum Wage Increases are as follows:
- the 18-20 rate will increase to £4.98 (up from £4.92)
- the 16-17 rate for workers above school leaving age but under 18 will increase to £3.68 (up from £3.64)
- the apprentice rate, for apprentices under 19 or 19 or over and in the first year of their apprenticeship will increase to £2.60 (up from £2.50)
So for the majority of workers (aged 21 and over) the minimum wage will be just under £11,900 per annum for a full time employee on a 37.5 hour working week and just under £12,650 for a full time employee on a 40 hour working week.
NMW is one of the most important parts of employment law – we cannot stress enough how important it is to get this right. If you have any questions at all about how the NMW changes might impact your business or the best way to communicate the changes to staff, please don’t hesitate to get in touch