Policy Briefing on National Minimum Wage

Policy Briefing on National Minimum Wage Policy Briefing on National Minimum Wage
event

09 June 2022

query_builder

10:00 - 11:30

place

Online

National Minimum Wage: getting it right so it doesn’t go wrong 

From 1 April, the National Living Wage – the rate applicable to workers aged 23 or over – has increased by 6.6% from £8.91 to £9.50 an hour, while the National Minimum Wage for workers aged 21 to 22 has increased from £8.36 to £9.18 an hour – a 9.8% increase. This means more employers are being affected by minimum wage policy, with the risk of underpayment also increasing. Join this event to discuss NMW enforcement and hear from experts about the typical areas of regulations that can create confusion when calculating the minimum wage. We will be joined by Eugenia Migliori, Principal Policy Adviser, CBI, Simon Rice-Birchall, Partner, Eversheds Sutherland and Michael Hardiman, Senior Associate, Eversheds Sutherland.

We will discuss the following questions:

  • Are you familiar with NMW regulations and its complexities?
  • Do you know how salary sacrifice schemes interact with the national minimum wage?
  • Are you tracking ‘working time’ correctly? 

Here are 3 good reasons to join this network:

  • National Minimum Wage rates are rising year on year, increasing the potential pool of employers that fail to comply with the law if it’s not tracked and applied rigorously
  • HMRC’s approach to enforcement is likely to become more proactive, following a period dominated by the pandemic
  • Failing to comply with the regulations has financial liabilities and penalties, but can also bring serious reputational risks 

You’ll particularly benefit from this event if you are:

  • Chief of People
  • Head of HR
  • HR Director
  • Director of People / Talent
  • Payroll analyst
  • HR Business Partner

Get in touch

Hannah Simmons

Hannah Simmons

Events & Sponsorship Manager - East Midlands & West Midlands

FAQS


Need support with My CBI login or registration? Find the FAQs here.