Category: National Living Wage
How to prepare for upcoming living wage and national insurance increases in 2025
Simon Cook | 06 December 2024
National Living Wage | National Insurance
The minimum wage for over 21s, known officially as the National Living Wage (NLW), will rise by 6.7%, from £11.44 to £12.21 from April 2025. This is the minimum wage payable to employees, which has already received two consecutive years of double-digit increases.
What next for young workers after rise in minimum wage levels?
Simon Cook | 18 May 2023
National Living Wage | Pay Progression | Pay Data
On both a national and company-led level, pay increases must be matched by initiatives to create opportunity and enable progression.
What does National Living Wage rise mean for HR?
27 October 2021
The National Living Wage (NLW) is set to rise from £8.91 per hour to £9.50 for over-23s from April 1 2022. Naturally, this proposed increase will have an impact on employers as well as employees – so what can you expect to change in April?
The Spending Review: the headline details HR leaders need to know
26 November 2020
National Living Wage | Planning Ahead | Public Sector
Rishi Sunak delivered the 2020 Spending Review yesterday - here are the key points HR need to know at a glance, with our brief analysis of what this means and the four key impact points you need to prepare for.
National Minimum Wage changes: your essential update
10 March 2020
HR Reward | Reward Consultancy | Pay Fairness | Salary sacrifice | National Living Wage | Low Pay | Productivity | Financial Wellbeing
Asha Charles summarises recent changes to low pay in the UK, including new approaches to NMW enforcement, pay arrangements, and salary sacrifice. A must read ahead of new regulations in April.
Download our Responsible Reward guide
11 February 2020
CEO Pay Ratios | Corporate Governance | Pay Transparency | Reward Consultancy | Pay Fairness | Equal Pay | Gender Pay | Measuring pay | Employee engagement | Pay trends | Communications | Business Ethics | HR Ethics | National Living Wage | BAME reporting | Recognition | Pension
Our aim in producing this guide is to share knowledge around what responsible reward means today and bring it to life with practical examples which you may want to explore at your organisation.
The Pay Trends 2020 white paper is here!
04 February 2020
Executive Pay | HR Reward | Pay Transparency | Reward Consultancy | Gender Pay | Reward Intelligence | Pay trends | National Living Wage | Low Pay | Reward Strategy | Government & Policy
Our white paper has landed! Download via our website to get your essential update on the Reward landscape in 2020 and beyond.
The big squeeze: 4 ways to handle low pay increases
12 November 2019
HR Reward | Reward Consultancy | Pay framework | National Living Wage | Organisational Design | Low Pay | Pay Progression | Skills based pay | Pay Structure
The government's low pay increases in recent years have been ambitious and caused budgeting headaches across businesses with a large proportion of low pay employees. With rates set to keep rising, how can you handle these challenges and make them work for your business?
If budgets are squeezed how do you get the most from your pay budget? Part 1 of 3
30 July 2019
Bonus | Pay & Reward | National Living Wage | Pay Structure | Recognition | Reward Strategy
Other elements of the total reward package come into starker focus when pay budgets are tight, and across this three-part insights series we will look at how employers can leverage bonus, benefits and culture to make the most of their pay budgets, with part one focusing on creative peer-to-peer and crowdsourced bonus solutions.
It’s not all about the pounds and pence
08 May 2019
HR Reward | Employee engagement | Flexible working | National Living Wage | Low Pay
We're delighted to bring you a guest blog from Josie Pileio FCIPD, International HR Director and Business Coach. Josie explores the topic of high retail employee turnover and why it's worth looking beyond the national minimum wage to understand all the factors at play.
The Pay Trends 2019 white paper is here!
19 February 2019
CEO Pay Ratios | Executive Pay | HR Reward | Reward Consultancy | Gender Pay | Reward Intelligence | Employee engagement | Pay trends | National Living Wage | BAME reporting | Low Pay | Reward Strategy | Government & Policy
Download our white paper to get your essential update for the year ahead.
Pay Trends 2019 survey – the results are in!
05 February 2019
HR Reward | Gender Pay Gap | Pay & Reward | Benefits intelligence | Engagement | Pay trends | Events | Talent | National Living Wage | New Year | Low Pay | Government & Policy
Innecto surveyed approximately 150 HR and Reward professionals in Bristol, Birmingham and London about their most pressing challenges in 2019. Here are the results - do they stack up with what you're seeing at your organisation?