Small businesses ‘happy with minimum wage change’

-

Most small and medium-sized employers are happy with recent changes to the national minimum wage, according to the Federation of Small Businesses (FSB).

From October, the minimum rate of pay for adult workers will rise from £5.52 per hour to £5.73, while for 18 to 21-year-olds it will rise from £4.60 to £4.77.

Simon Briault, a spokesperson for the FSB, said that unlike previous increases, the latest rise has been "pretty much in line with inflation", which SMEs believe is "sensible".

"The Low Pay Commission seems to have come round to a more stable approach to increases in the minimum wage … and that’s something that we think most small businesses are happy with," he remarked.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

And he was quick to point out that the "vast majority" of small employers already pay their staff more than the minimum wage.

Meanwhile, the Independent has launched a campaign to close a loophole in minimum wage legislation that allows restaurants to top up pay to the nationally-set minimum with tips and services charges.

The newspaper reports that restaurant chain Wagamama has signed up to the campaign.

Latest news

Martin Johnson: Why the Employment Rights Act marks the end of informal management

It’s crucial that organisations quickly realise the Employment Rights Act isn’t solely a legal change. In effect, it marks the end of informal management.

Unpaid wage claims ‘hit eight-year high’ as business failures rise

Rising insolvencies are leaving growing numbers of workers unpaid as HR teams face mounting legal risks around rushed redundancies and delayed wages.

Employers urged to rethink race for chief AI officers

Companies are being warned against rushing to appoint chief AI officers before establishing the systems and leadership structures needed to support them.

Building workforce skills for AI performance

AI is changing the way work gets done—but most organisations still lack a clear plan for building AI-ready teams.
- Advertisement -

UK risks ‘lost generation’ as youth unemployment crisis deepens

A major review warns that Britain could face a “lost generation” as youth unemployment and economic inactivity continue rising.

‘Delighted to be wrong about jobs apocalypse’, says OpenAI boss Altman

The OpenAI chief executive said human interaction remained far harder to replace than many technology leaders first predicted.

Must read

How employers can better support employees with mental health issues

In the light of Mental Health Awareness week, Michelle Chance, Employment lawyer at Bond Dickinson LLP gives some advice on how employers can better support employees with mental health issues in the workplace.

Jo Matkin: Man vs machine: the impact of technology on HR and the workplace

With technology developing at a constant rate, it’s inevitable that the way people work and are managed will change in the years to come. Boston Consulting Group recently estimated that, by 2025, up to a quarter of jobs will be replaced by either smart software or robots. As well as impacting the wider workforce, this is bound to have a significant effect on HR and resourcing functions.
- Advertisement -

You might also likeRELATED
Recommended to you