Employment Law Changes 2017: Are You Ready?
Date: 28th March 2017 | Categories: Employment law
It’s set to be a busy year in the world of Employment Law, with many new legislative changes including Gender Pay Gap reporting and the Apprenticeship Levy affecting UK employers. Wirehouse are on hand to guide you through the changes, and provide HR support for SMEs and large organisations alike. We have set out the key important Employment Law changes 2017 which will affect you and your business below.
National Minimum/ Living Wage: 1st April
The National Living/ Minimum Wage will increase as follows:
- Age 25 and over: £7.50
- 21 – 24: £7.05
- 18 – 20: £5.60
- Under 18: £4.05
- Apprentice (under 19 or in the first year): £3.50
Statutory Payments: 2nd April
The level of statutory maternity, adoption, paternity and shared parental pay will increase to £140.98/wk.
Statutory Sick Pay: 6th April
Statutory sick pay will rise to £89.35 per week.
Gender Pay Gap Reporting: 6th April
Gender Pay Gap reporting obligations will come into force for large private and voluntary sector employers (defined as those with 250 or more employees on 5th April of each year).
Tribunal Awards: 6th April
In these Employment Law changes Tribunal compensation limits will increase. The maximum compensatory award for unfair dismissal will rise to £80,541. The maximum amount of a week’s pay, used to calculate statutory redundancy payments and various awards including the basic and additional awards for unfair dismissal, will rise from £479 to £489.
Apprenticeship Levy: 6th April
Apprenticeship Levy rules will come into effect and UK employers with an annual pay bill of over £3 million will be required to pay an Apprenticeship Levy at a rate equivalent to 0.5% of their payroll costs. Employers will receive an allowance of £15,000 to offset against their levy payment. Employers in England that pay the levy will be able to access funding through a digital service which is expected to open from 1 May 2017.
By Jennifer Winder LLB (Hons) LPC – Wirehouse Employment Law Consultant
Get in touch today for FREE HR Advice about how these Employment Law changes affect your business and what you need to do to prepare. Wirehouse have an expert team of Employment Law Consultants ready to provide HR support for SMEs 24/7.