1,2,3,4 March is knocking at your door
Well there are going to be a number of changes in employment law coming up in April so now that we are rapidly approaching March, we thought that we would give you the heads up so that you can start budgeting for it. So here’s what’s to come:
– The new National Living Wage comes in to force. The minimum wage for workers age 25 and over will be £7.20 – from 1 April.
– The National Minimum Wage amendment regulations also double the financial penalties if employers are found to have paid less than the minimum – from 1 April.
– Statutory rates of maternity allowance and statutory maternity pay (SMP), statutory paternity pay (SPP), statutory adoption pay (SAP) and statutory sick pay (SPP) usually increase in April each year. The Government has announced that rates will not be increased this April.
– Public sector employees will be required to repay a tapering proportion of a ‘qualifying exit payment’ if they return to the public sector within a period of 12 months under regulations – expected to come into force on 1 April. A £95,000 cap on the total value of exit payments for public sector workers will also be introduced, but no date has yet been given for its implementation.
If you’d like to know more about how you can make sure that you keep on track with the latest changes in people management, just give us a call on 07951 356700.