The UK government spent approximately 76 million pounds on statutory sick pay in 2022/23, compared with 57 million in 2020/21.
The UK government calls the rate for employees ages 23 and up the National Living Wage. The wages for all other employees are called the National Minimum Wage. The rates for each age group—as well as apprentices—are detailed in the table below. ...
Enhanced statutory sick pay (SSP) and parental leave pay: Update your payroll systems to ensure compliance and correct entitlements for employees. Changes to pension auto-enrolment requirements: Adjust your payroll systems for new auto-enrolment earnings thresholds and minimum contribution rates. 2. Cho...
Changes have also taken effect in early April 2024 in relation to the national minimum wage / national living, statutory sick pay and various family-related leave pay rates as also set out in the tables below. Employment Tribunal Awards: Changes from 6 April 2024 ...
Labour pledged in its election campaign to require employers to offer all staff parental leave, guaranteed minimum hours, sick pay and protection from unfair dismissal. The government is now preparing specific legislative proposals. Under current law, staff employed for less than two years can be di...
"Alternative policy measures, such as extending the furlough scheme, increasing statutory sick pay and supporting low-income households through expanding free school meals may well prove to be far more cost-effective than demand-stimulating measures that encourage economic activities wh...
"There are loads of people on COVID support groups not working, who've lost their jobs, whose sick pay has run out. So when they talk about people on furlough ... supporting people who can't work because they're still too ill, is a big issue that's not b...
13th and 14th salarySick leaveShare plans for executivesEnd of financial year reportingFinal settlement & severance payments Additional leaveBonuses & Equipment provisionDe-registration with statutory bodies Expenses reimbursement & business trip processing ...
January 7 2025 Sarah O'Connor How much sick pay is too much sick pay? The contrasting cases of Germany and the UK are revealing about policy trade-offs January 2 2025 UK economy Problems with UK economy data could be widespread, warns lawmaker ...
The Bank of England’s Monetary Policy Committee, which sets interest rates, thinks that jump is one reason why labour shortages, and the accompanying pressures on wages, risk making high inflation more persistent in the UK than elsewhere. ...