With a new financial year just around the corner, it’s important to be aware of the forthcoming increases to the National Living Wage and National Minimum Wage.

It’s imperative for recruitment agencies and their clients to fully prepare and ensure compliance.

The National Minimum Wage applies to workers who are at least school-leaving age whilst the National Living Wage applies to people who are 23 or over.

What’s changing?

• National Living Wage (23+) – increasing 6.6% from £9.50 to £10.42
• National Minimum Wage (21 – 22) – increasing 10.8% from £9.18 to £10.18
• National Minimum Wage (18 – 20) – increasing 9.6% from £6.83 to £7.49

National Living Wage increases are based primarily on advice from the Low Pay Commission (LPC), and is designed to help workers and families continuing to fight continued issues caused by cost of living crisis. National Minimum Wage increases are based on recommendations from businesses and trade unions.

The increases will affect the minimum rate that recruitment agencies will need to pay contractors through Workwell.  If you have any queries, please speak to your dedicated Account Director.