Changes to Employment Law that employers need to be aware of
We are nearly in April (where on earth has the 1st quarter gone?), April means lots of things including Spring, April Showers, April Fool’s, Diamonds, Easter and St Georges Day (which is also my Dad’s birthday!)
It also means Employment Law Changes that you need to be aware of if you already employ or are thinking of employing.
There is an increase in National Minimum Wage;
16 – 18-year olds – increases from £4.20 to £4.35 per hour
18 – 20-year olds – increases from £5.90 to £6.15 per hour
21 – 24-year olds – increases from £7.38 to £7.70 per hour
Apprentice rate – increases from £3.70 to £3.90 per hour
National living wage, over 25-year olds – increases from £7.83 to £8.21
You must ensure that this is implemented from 1st April 2019.
Auto-enrolment Contributions increase
Minimum contributions for auto-enrolment pension schemes are increasing for both employers and employees;
Employer minimum contributions are increasing from 2% to 3%
Employee minimum contributions are increasing from 3% to 5%
You must ensure that this is implemented from 6th April 2019
It’s a serious business recruiting someone but as business owners we all need to do it to grow, for peace of mind you should work alongside a HR Consultant to make 100% sure that you are ticking all boxes.