Business minister urges London bosses to pay national living wage
PUBLISHED: 14:59 08 December 2015 | UPDATED: 14:59 08 December 2015
92 per cent of bosses agreed the new wage, which comes into effect on April 1, was a good idea
London bosses are being urged to prepare for the introduction of next year’s new national living wage.
The city’s employers are being asked to make arrangements early for the changes which come into effect on April 1, by making sure they know the correct rate of pay (£7.20 per hour for staff aged 25 and over), find out which staff are eligible for the new rate, update the company payroll in time and communicate the changes to staff as soon as possible.
The advice coincides with a new poll which revealed 92 per cent of bosses agreed the new wage was a good idea, with 91 per cent believing it will lead to higher productivity and 87 per cent saying it will make staff more loyal to their firm.
Business Minister Nick Boles said: “The government’s new national living wage will provide a direct boost to over two-and-a-half million workers in the UK – rewarding and providing security for working people.
“I am urging businesses to get ready now to pay the new £7.20 rate from April 1.
“With just under four months left, there are some easy steps employers can take to make sure they are ready.
“By taking these measures, companies will be able to properly reward their staff and avoid falling foul of the law when it takes effect.”
The new survey conducted for the Department for Business, Innovation and Skills (BIS) asked 1,000 employers across Britain about the wage.