Major Milestone as Anne clocks up over 1300 weeks service in 25 years working for Fishers! Legal Secretary Anne Chapman has recently been celebrating her 25th Anniversary working for Fishers Solicitors. Anne had worked for several law firms before...
Preparing for a wage hike
Is your business ready to cope with introduction of the National Living Wage in April 2016?
The press is reporting the views of some that recruitment will be scaled back, workforces reshaped, and prices put up to cover the extra 50p per hour that will need to be paid to lower-earning workers. Increasing basic pay to £7.20 for workers aged 25 and over may not be something that affects you or your business significantly or at all. Even if that is the case, it could affect those you are doing business with; suppliers, for example, who may have to look at their commercial options.
Wherever you stand in all of this, it is sensible to address your mind to the potential consequences. Further, bear in mind, that the living wage is set to go up to £9 per hour by 2020, so you might want to factor that into your planning.