5 years ago
It’s a minefield; and something that quite simply has to be right. As employers, we are in a position of responsibility and are duty bound to ensure that our employees are rewarded for their hard work.
In the government’s latest ‘low pay crackdown’ a huge 360 firms have been named and shamed having failed to pay staff minimum wage. In total the 360 businesses that broke the law were fined £800,000 and more than 15,500 workers had to be paid back nearly one million pounds worth of owed income.
Tip of the Iceberg
But that may represent just the tip of the iceberg: The Office for National Statistics has calculated that 362,000 jobs did not pay the National Minimum Wage (NMW) in April 2016.
The biggest offenders were employers in hairdressing, hospitality and retail. One worker at a dental practice in London’s Harley Street was refunded nearly £12,000 alone.
In light of these revelations, I wanted to share the ‘need to know’ facts about the entitlements of your employees when it comes to both pay and annual leave…
Pay
Annual Leave
Pay is one of the most important factors in our working life. It’s a sensitive subject – the way it’s handled can have a huge impact on employee morale and productivity. The challenge for most companies is to set consistent pay levels that give value for money while rewarding workers fairly.
If in doubt – do your research! Don’t risk losing top talent through oversight on something so important.
For more information please don’t hesitate to get in touch.
Helen Jackson
Director of Commercial Development
December 24, 2021
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