Government announce that the National Living Wage will increase by 2.2% in April 2021
26 November 2020
26 November 2020
|
From 1 April 2021 |
Workers aged 23 and over (NLW) |
£8.91 |
Workers aged 21 to 22 |
£8.36 |
Workers aged 18 to 20 |
£6.56 |
Workers aged 16 to 17 |
£4.62 |
Apprentices under 19, or over 19 and in the first year of the apprenticeship |
£4.30 |
Aspire Comment:
Whilst the increase in NMW and NLW rates will be good news for workers, it will present further cost implications for employers who will need to factor in the increased cost of labour supply either by lowering profit, necessitating further cost saving initiative, or increasing their charges.
If you are concerned about your compliance with the NLW/NMW, please contact Aspire on 0121 445 6178 or email enquire@aspirepartnership.co.uk to discuss how we can identify any risk areas within your company.