Therefore, by 1 April, employers must:
Review the implications on their business of the national minimum wage increase
Identify those whose pay needs to be increased, ensure their rate of pay is increased and write to each individual notifying them of this change.
The Chancellor also announced that his incentive payments for hiring new apprentices are to be doubled to £3,000. Furthermore, £126 million will also be invested to triple the number of new traineeships.
All the new packages of support surrounding protecting and creating jobs should be considered carefully in light of your organisation’s specific circumstances. While it’s worthwhile investigating all opportunities, the Buzzacott HR Consultancy team can support your business by providing tailored, practical solutions that are compliant with UK legislation.