National Minimum Wage 2012

Posted 22 August 2012

The new minimum wage comes into effect from the 1st of October 2012. The effect on the pay rates see an increase of £0.11 pence per hour on the rate of pay for everyone over the age of 21 years. The full breakdown of the new rates are as follows:

  • £6.19 (was £6.08 in 2011) – the main rate for workers aged 21 and over
  • £4.98 (was £4.98 in 2011) – the 18-20 rate (no increase this year)
  • £3.68 (was £3.68 in 2011)– the 16-17 rate for workers above school leaving age but under 18 (no increase this year)

David Segust, Director of Compliance says “Since its introduction in 1999, the NMW has leveled the playing field for low paid workers, as the level of minimum hourly pay is now more conducive to a livable wage. It was initially believed by industry that the introduction of the NMW would have a detrimental impact on employers, affecting jobs and the economy in general. However, in reality, the way in which firms have managed the change, has meant that additional costs caused by the NMW has been manageable for most businesses.”

If you want more information on any aspect of the minimum wage, go to the ‘Direct Gov’ website at http://www.direct.gov.uk/en/Employment/Employees/TheNationalMinimumWage/DG_10027201

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