National Minimum Wage Fines: Croner Crunches The Numbers

blog-publish-date

25 Jan 2018

blog-read-duration

From April 1 the National Living Wage, Minimum Wage and more will change. Employers must ensure they completely comply with the changes, as businesses paying their employees below the minimum wage will be fined and publicly named and shamed.

Two of the most high profile businesses to fall foul of this were Primark and Sports Direct at the end of 2017. Both companies were ordered to pay thousands of pounds back to staff and were among 260 businesses to be publicly reprimanded.

National Minimum Wage - Infographic

What’s Changing?

The minimum wage is set to rise - with pay for apprentices going up by 20p an hour, and there will also be an increase to the Personal Allowance, the amount an employee can earn a year tax-free, from £11,500 to £11,850. The hourly rate paid to over-25-year-old workers - currently at £7.50 - will go up to £7.83 from April 1 and the 4.7 percent increase could see some people as much as £600 better off.

How To Get Pay & Benefits Right

Employers need to be proactive and start to review their pay structures now. By investing in this early it means they will have a pay structure in place that can support them over the coming years and can avoid the significant fines they may be at risk of receiving.

We’re Here To Help

Croner Reward is one of the most accurate and knowledgeable benchmarking resources in the UK, which employers can utilise to set their pay and benefits packages to help ensure you meet current legislation. For more information on our expert pay and benefits services call 0808 145 3383.

Free to Download Employer Resources

  • Model Apprenticeship Agreement

    FREE DOWNLOAD

    Model Apprenticeship Agreement

    Read more
  • Sample COSHH Assessment Record

    FREE DOWNLOAD

    Sample COSHH Assessment Record

    Read more
  • Return to Work Interview Form

    FREE DOWNLOAD

    Return to Work Interview Form

    Read more
  • BLOG

    Avoiding Slips, Trips and Falls in th...

    Whether your staff is in an office or on a construction site, every workplace ha...

    Read more
  • BLOG

    Daylight Saving Time: The Implication...

    Daylight Saving Time is coming to an end on Sunday 27 October, with the clocks g...

    Read more
  • BLOG

    Top Tips to De-escalate Conflict

    Conflict can take many forms. Whatever the nature of the conflict, it's in your...

    Read more
  • REC

    CASE STUDY

    REC

    The events are brilliant. Amanda Chadwick, one of the expert speakers, is a very

    Read more
  • Grantley Hall

    CASE STUDY

    Grantley Hall

    Whenever we have a sensitive issue - sometimes involving individuals with protec

    Read more
  • Lady Heyes Holiday Park

    CASE STUDY

    Lady Heyes Holiday Park

    Overall it's definitely had a noticeable impact on the business and how I perfor

    Read more

Do you have any questions?

Get a free callback from one of our regional experts today