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NLW & NMW Update: What Employers Need to Know

As we approach April, businesses should be aware of important updates regarding the National Living Wage (NLW) and National Minimum Wage (NMW), which will come into effect soon. These changes will have a significant impact on both employers and employees across various sectors.

The new rates are as follows:

• £12.21 for employees aged 21 and over (National Living Wage)
• £10.00 for employees aged 18-20 (National Minimum Wage)
• £7.55 for employees aged 16-17 and apprentices (National Minimum Wage)

In addition to these wage increases, National Insurance (NI) contributions will also be adjusted. These changes are expected to have far-reaching effects, especially for businesses that employ staff at or near the minimum wage. However, they will also influence employers offering pay above the minimum wage, as the adjustments could highlight pay disparities between skilled and unskilled roles.

How Staff Finders Can Support You

At Staff Finders, we understand the challenges that come with these changes and the rising costs of labour. As a leading recruitment agency in Hull, we offer tailored, flexible workforce solutions to help businesses manage these shifts effectively.

• Flexible Workforce Solutions: With the increased costs associated with full-time staffing, businesses may find it beneficial to use flexible staffing options. This solution can help manage fluctuations in demand, cover holiday periods, and provide temporary support when needed.

• Comprehensive Recruitment Services: We manage all aspects of recruitment compliance, including ensuring eligibility to work in the UK, full registration, reference checks, and in-person pre-screening interviews. This comprehensive approach helps save businesses valuable time, effort, and money.

• Local, Dedicated Support: Operating from our Hull branch, we offer local, dedicated support to businesses in the area. Our team is always available with a 24-hour mobile service, ready to assist both on-site and remotely whenever required.

What Should Employers Do Next?

With these important changes just around the corner, it’s crucial for businesses to assess how the wage increases and National Insurance changes will impact their operations. If you're looking for guidance on how to adjust to these changes or need staffing solutions, Staff Finders is here to help.

For more information or assistance, please get in touch with us today.

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