8th May 2015

Latest Pay Rates: What employers need to know!

To ensure your business, and more importantly your policies and procedures are up to date, here’s a reminder of the latest employment changes and government set pay rates:

  • 1.Changes to Statutory Sick Pay
  • From 6 April 2015, the weekly rate of statutory sick pay (SSP) increased to £88.45 (up from £87.55).
  • 2.Increase in Maternity, Paternity and Adoption Pay

From 5 April 2015, statutory maternity pay increased to £139.58 (up from £138.18) per week. Likewise, the rate of statutory adoption pay, ordinary and additional paternity pay increased to £138.18 (up from £136.78) per week.

  • 3.Shared Parental Leave and Pay

The new shared parental leave (SPL) regulations are now in force and apply to babies born (or placed for adoption), on or after 5 April 2015.

In summary, SPL allows for both qualifying parents to take or share leave in caring for their child during the first year following the birth.This leave does not include the first 2 weeks, which mum will take as compulsory maternity leave.

During SPL, shared parental pay is paid at the rate of £139.58 per week, and is available for the first 39 weeks of the SPL period, less any statutory maternity or adoption pay that may have been paid.

  • 4.Increase in tribunal award for unfair dismissal

Where an employee’s date of termination falls on or after 6 April 2015, the maximum compensatory award for unfair dismissal will increase from £76,574 to £78,335 (or 52 weeks’ gross pay, if lower).In addition, a week’s pay for calculating a redundancy payment or the basic award for unfair dismissal purposes will be capped at £475 (up from £464).

  • 5.National Minimum Wage increases

From 1 October 2015the national minimum wage rates payable to workers will increase as follows:

  • Standard Adult Rate:Workers aged 21 or over from £6.50 to £6.70 an hour.
  • Youth Development Rate: Workers aged 18 to 20 from £5.13 to £5.30 an hour.
  • Young Workers Rate:Workers aged 16 to 17 from £3.79 to £3.87 an hour.
  • Apprentices Rate: from £2.73 to £3.30 an hour.

For further information or advice on how these changes impact on your business, or for any other employment advice, you can contact Mike Patterson of Berwins’ Employment Team on 01423 542778 to discuss competitive fixed fee packages appropriate for your business.

Be sociable. Share!

Get Social

Connect with us on LinkedIn

LinkedIn
  • legal-500-leading-set-20144
  • Chambers UK 2015
  • Lexcel Accredited
  • Investors In People
  • Conveyancing Quality