Annual National Minimum Wage and Statutory Payments Increase

Every year the Department for Work and Pensions publishes its annual rate increases for National Minimum Wages and other statutory payments. Here are the key changes happening from 1st April 2024.

The annual increase to the minimum wage is as follows:

The statutory rate for:

• maternity, paternity, adoption, shared parental, and parental bereavement pay will increase to £184.03 per week (previously £172.48) from 7th April
• sick pay will increase to £116.75 per week (previously £109.40) from 6th April. The lower earnings limit remains at £123.

What does this mean for candidates?

The increase in National Minimum Wage comes with the aim to bridge the gap between the National Living Wage.

How Advantage Resourcing can help.
Your worth is one of our top priorities, and we will find you the perfect role that not only fits your skills but also meets your financial expectations.

What does this mean for clients?

Make sure when you’re implementing your recruitment strategy that the increase in National Minimum Wage has been taken into consideration when budgeting for your new roles.
How Advantage Resourcing can help.
We are your dedicated recruitment consultant we can help make sure you’re hiring smartly and within your budget taking into account any changes to pay rates throughout the year.

Need a helping hand?

Speak to our team today for more information on how the changes effect you.

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