Incomes Data Research’s Post

📢 Upcoming Changes to Minimum Wage for 18-20-Year-Olds: The Labour government plans to phase out age bands in the minimum wage, aiming for a unified National Living Wage (NLW) for workers 18 and over. Currently, the minimum wage for 18 to 20-year-olds is £8.60 per hour, while the NLW for those over 21 is £11.44. 📅 What to Expect: Starting April 2025, the Low Pay Commission will propose a new rate for 18-20-year-olds that narrows this gap, with gradual increases expected in the years ahead. Employers won’t see the rate disappear immediately but should anticipate a steady rise in line with the government's "Make Work Pay" vision. 💡 For Employers: Preparing for these changes is essential—not just for budgeting but for understanding the complex NMW legislation and compliance requirements. Non-compliance can lead to costly repercussions and reputational risks. Source: "The Future of the National Minimum Wage for 18 to 20-Year-Olds," BTO, Sept 3, 2024. https://lnkd.in/e2imBShf Stay informed on employment trends and compliance updates with Anderson Knight Recruitment. Reach out today to prepare your workforce for tomorrow's challenges! 💬

"The National Living Wage is a higher mandatory rate for those over 21, while the National Minimum Wage is the lowest legal hourly wage for workers. However, it's crucial to highlight that not all job roles are entitled to this minimum pay - including an unexpected 15 roles." https://lnkd.in/eZYxbCME

LABORALES INTERNACIONALES. UK raises minimum wage by 6.7% in boost for workers, despite employer unease By Andy Bruce October 29, 202412:31 PM CSTUpdated 2 hours ago Oct 29 (Reuters) - Britain's minimum wage for most adults will increase by 6.7% from April next year, a boost for low-paid workers but a concern for employers who are finding it harder to implement such rises. Finance minister Rachel Reeves announced the increase on the eve of delivering her first budget, which is expected to include deliver large rises in spending, investment and tax. https://lnkd.in/e9dCSwbG

What is in store for the National Living Wage in 2025? In April the previous Government published a new remit for the Low Pay Commission (LPC), the independent body that advises on the National Living Wage (NLW) and National Minimum Wage (NMW). Unusually, and likely in anticipation of a change of administration, the latest remit covers a single year, and aims to maintain the NLW at a level equivalent to two-thirds of median earnings in 2025. However, the new Labour Government has outlined plans that could introduce a closer link between the NLW and the cost of living in the future. The existing remit builds on the LPC’s target for the period from 2020 to 2024, over which the NLW rose from 60% to 66% of median earnings and was expanded to cover workers aged 21 and 22...

The UK National Living Wage to increase to £12.21 in April 2025. The government has confirmed the National Living Wage paid to over-21s will go up by 6.7% while the National Minimum Wage for 18 to 20-year-olds will see a 16% increase. Since 1 April, employees aged 21 and over have been entitled to the National Living Wage. Previously, you had to be 23 to qualify. It is currently worth £11.44 an hour, but will increase to £12.21 in April 2025. The pay rates are set by the government every year on the advice of an independent group, the Low Pay Commission. Younger employees - aged between 16 and 20 - receive the National Minimum Wage. For 18, 19 and 20-year-olds, the National Minimum Wage is £8.60, but will go up to £10 an hour in April 2025. For 16 and 17-year-olds, the National Minimum Wage is £6.40 an hour. This will rise to £7.55 in April 2025. https://lnkd.in/eDm7f6Yf

💼 Big Changes to the National Minimum Wage in 2025! 💼 As part of the Labour budget, over 3 million workers are set to see a pay boost, with the National Living Wage increasing from £11.44 to £12.21 per hour starting in April 2025. For full-time workers, this could mean an extra £1,400 a year in their pockets. 💸 Younger workers will also benefit, with the National Minimum Wage for 18 to 20-year-olds rising from £8.60 to £10.00 per hour a record increase 📈 ! This marks a significant move toward aligning the National Living Wage and National Minimum Wage in the future. For businesses, these changes are all about balancing fair wages while supporting productivity and growth. At Polaris HR, we’re keeping a close eye on how these changes impact both workers and businesses alike. ➡️ Want to know how these updates will affect your team? Let’s talk - DM us for more information.

What is in store for the National Living Wage in 2025? The Government has published a new remit for the Low Pay Commission (LPC), the independent body that advises it on the National Living Wage (NLW) and National Minimum Wage (NMW). Unusually, the latest remit covers a single year, and aims to maintain the NLW at a level equivalent to two-thirds of median earnings in 2025. This builds on the LPC’s target for the period from 2020 to 2024, over which the NLW rose from 60% to 66% of median earnings and was expanded to cover workers aged 21 and 22...

💼 Big Changes to the National Minimum Wage in 2025! 💼 As part of the Labour budget, over 3 million workers are set to see a pay boost, with the National Living Wage increasing from £11.44 to £12.21 per hour starting in April 2025. For full-time workers, this could mean an extra £1,400 a year in their pockets. 💸 Younger workers will also benefit, with the National Minimum Wage for 18 to 20-year-olds rising from £8.60 to £10.00 per hour a record increase 📈 ! This marks a significant move toward aligning the National Living Wage and National Minimum Wage in the future. For businesses, these changes are all about balancing fair wages while supporting productivity and growth. At Polaris HR, we’re keeping a close eye on how these changes impact both workers and businesses alike. ➡️ Want to know how these updates will affect your team? Let’s talk! Book in a free consultation - like in bio.

So what will be the outcome of the todays budget - particularly the increase in National Living Wage? A recent article in the The Guardian suggests a 6% increase. How do you feel about such proposals? How will your business cope with this level of increase on top of the 9% witnessed this year? This along with a the irregular workers regulation will provide some businesses with a difficult decision to make on managing their operating costs. #BudgetDay #Nationallivingwage #Recruitment https://lnkd.in/em-yZudA

The new Real Living Wage has been announced today. This is a voluntary minimum pay, honoured by accredited Living Wage Employers. 👉 15,000 employers in the U.K. are accredited RLW employers 👉 This affects nearly 500,000 workers 👉 This is calculated against actual living costs by the Living Wage Foundation 👉 There are recommended London and wider U.K. rates It has today been announced as £12.60 for the U.K. (£13.85 per hour for London) This is a 5% increase on last year’s figure of £12.00 per hour and members need to pay this from 1st May 2025, although they’re encouraged to start as soon as possible. Although a sizable increase meaning workers on RLW will earn an additional £2,262 a year, I’m sure most of us are waiting for next week’s announcement on the obligatory statutory minimum wage and national living wage. Speculated to be substantial, between £11.82 to £12.39 per hour for all ages. We wait with bated breath!