National Living Wage Set To Rise In April 2024

Print Friendly, PDF & Email

National Living Wage Set To Rise In April 2024

Key Contact: Claire Knowles

Author: Swyn Llyr

On 2 October 2023, the Chancellor announced that the government would commit to the Low Pay Commission’s recommendations – which will be announced in November 2023. Based on the Low Pay Commission’s predictions, this would result in an increase to the National Living Wage (NLW) to over £11 an hour from April 2024.

If adopted, this change will provide much-needed support for low-paid workers aged 23 and over at a time when many are feeling increased pressure from a rising cost of living. In fact, it will mean that over 2 million workers on NLW will be over £9,000 better off than they would have been in 2010.

We’re hoping that this increase will have a positive effect on workforces and could possibly improve staff retention and productivity, whilst lowering absenteeism.

If you wish to discuss how to prepare your business for the likely increase in NLW, please contact the Employment team.

Recent Posts

Need some corporate finance advice? Meet Acuity Alliance Partner Adam Street Advisers.
December 12, 2024
Business man in a paper boat with arrow waves threatening him
Risk Management and Due Diligence: What You Need to Know When Trading Overseas
December 12, 2024
Assisted dying and probate disputes
Assisted Dying and its Potential Impact on Probate Disputes
December 11, 2024
International Men's day
International Men’s Day: Lunch and Learn 
December 6, 2024
Business Benefits of the Global Talent Visa
The Business Benefits of the Global Talent Visa
December 5, 2024
Employment Tribunal Claim at Christmas
Party Pitfalls: Top Tips to Avoid an Employment Tribunal claim
December 5, 2024

Archives

Categories

Skip to content