New law: Employers budget for new national living wage from 1 April 2016

Tuesday 16th February 2016

Employers are assessing the impact of, and planning for the new national living wage of £7.20 per hour for employees aged 25 or more, from 1 April 2016.

 

Other age groups continue to be paid the national minimum wage.

 

Operative date

  • Now

 

Recommendation

  • Employers should consider the impact on their profitability, and whether and how to implement cost savings, such as different working hours or redundancy

 

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Author: Lisa Clark

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