Avoid the pitfalls of underpaying your staff
by John Hicks of Nightclub Marketing.co.uk
Approximately one million workers benefitted when the national minimum wage (NMW) increased to £5.73 per hour on Wednesday 1 October – but the legal penalties for employers who fail to pay the correct wage rate are serious.
So, I suggest that you quickly double-check your next payroll run to make sure everything is in order.
The 3.8 per cent increase in the NMW (from £5.52 to £5.73) will be the ninth increase since it was introduced in April 1998. Over the last nine and a half years, the NMW has increased by 59.2 per cent, compared to a 44.2 per cent growth in average earnings.
If you have any queries on the rate, your local Business Link is a good first contact.
