It’s that time of year again. No, not Christmas… It’s the time for employers to revisit their pay structures to ensure that they comply with the National Minimum Wage (“NMW”) obligations. The NMW rates are set to increase on 1 October 2015. Remember that the Government is actively naming and shaming employers who do not comply with their obligations. Ensure that you keep your business off of the naughty list by increasing pay to match the NMW. In addition to claims for back pay, employers who act in breach of their obligations can also be fined up to £20,000 per employee!
Here are the revised rates, effective from 1 October 2015:-
|Year||21 and over||18 to 20||Under 18||Apprentice|
(from 1 Oct) £6.70 £5.30 £3.87 £3.30
Senior Solicitor – Employment Law