As most business owners and their HR payroll people are aware, the government announced in March 2012 that the national minimum wage is due to increase for workers falling in to certain age brackets from October 2012, but will remain static for others. Minimum wage workers of 21 and above will experience a 1.8% increase to their hourly rate of pay, from the current ?6.08 per hour to ?6.19 per hour.
However, the hourly rates currently paid to under 21 year old workers will remain static, with the 18-20 year old minimum wage rate at ?4.98 per hour and the 16-17 year old minimum wage rate at ?3.68 per hour. Young people who have secured apprenticeships will see their hourly rates of pay increased by 5p per hour, from the current ?2.60 per hour up to ?2.65 per hour.
HR payroll teams across the UK are collectively responsible for making payments to an estimated million minimum wage workers, of which approximately 938,000 fall into the 21 and over category. Therefore, business owners and their management teams need to ensure that they have the relevant payroll solutions in place to administer the forthcoming hourly pay increases to affected staff in compliance with employment law. In order to tackle the administrative burden that such changes often incur, many businesses prefer to entrust professional outsourced payroll companies with the handling of their payrolls and consequent tax liabilities.
At Moorepay, we continue to be the first choice payroll company for business of every size and every sector due to our extensive experience and unparalleled level of professionalism. When legislative changes are afoot, we provide befitting payroll solutions on behalf of our clients, ensuring that they remain compliant with evolving legislation. Our expert services additionally ensure that workers are paid correctly, on time and without disruption during transitional periods.
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