As many clients will be aware the National Minimum Wage (NMW) is reviewed and potentially increased in October each year. It has been confirmed that an increase will be awarded again this year and the new rates will come into effect on the 1st October 2013. The new rates are as follows:
- Ages 21 and above increases by 12p to become £6.31 per hour
- Ages 18 – 20 increases by 5p to become £5.03 per hour
- Ages 16 – 17 increases by 4p to become £3.72 per hour
- The rate for Apprentices increases by 3p to become £2.68 per hour
HR clients of Alcumus – please note that your Policy & Procedure manual will be updated nearer to the implementation date.