By day I am a solicitor, and Head of Commercial Property at Fishers Dewes Solicitors. By night I am hoping to become a world record holder! In fact, all night and all day. Let me explain: Who: 8 members of Ashby Round Table (of which I am one) What: 25...
New Minimum Wage Rates - A Reminder
Employers are reminded that the following changes to the National Minimum Wage (NMW) rates came into effect today, 1 October 2014:
- the adult NMW rate increases from £6.31 to £6.50 per hour;
- the NMW rate for workers aged 18 to 20 increases from £5.03 to £5.13 per hour;
- the NMW rate for 16- and 17-year-olds increases from £3.72 to £3.79 per hour; and
- the apprentice rate of the NMW, which applies to apprentices under 19 or over 19 and in the first year of their apprenticeship, increases from £2.68 to £2.73 per hour.
Acas guidance on the NMW can be found here.