Employment Facts and Stats
Statutory employee payments from April 2014
Below is a round up of current Employee Statutory payments.
Statutory Sick pay
Now £87.55 per week. From April you will also no longer be able to recover the cost of SSP from the HRMC (prior to 6 April 2014 employers could reclaim SSP exceeding 13% of National Insurance contributions).
Statutory Maternity, Adoption, Paternity
Currently £138.18 per week, or 90% of average earnings, whichever is the lesser.
£464 per week, or the employee’s weekly pay, whichever is the lesser. Please remember if you have a more generous contractual redundancy policy your policy will take precedence.
It may also be worth mentioning that if you have consistently paid more to your employees there may well be a case for a higher contractual payment under ‘custom and practice’.
Rate of compensatory award for unfair dismissal April 2014
Maximum compensatory award for unfair dismissal claim (where the effective date of termination falls on or after 6 April 2014) is £76,574 (or 52 weeks’ gross pay if lower).
The National Minimum Wage
For employees aged 21 and over it is £6.31, 18-20 £503, under 18 £3.72 and the apprentice rate is £2.68. These are likely to increase this October.
It is to note the apprentice rate is for those who are 16-18, and those who are 19 or over, but who are in their first year. Otherwise the apprentice would be entitled to the NMW for their age.
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I hope you have found this employment data useful. With so many changes in the world of Employment Law and statutory payments to remember, I will continue to try and provide you with any updates I feel may be useful to you.
All the stuff you need to know and do when employing poepl can be complex to manage, so needless to say, if I can be of any help please do not hesitate to contact me. We offer a 30 no obligation free phone consultation to discuss your business needs and how HR Support for Business can help you.
If you have found this article useful, why not have a look around our HR Newsroom and see if there is anything else we have posted that is useful to you.
Perhaps our latest Employers Newsletter or the full Employment Facts and Stats update that this article was extracted from. Combined these two documents will inform you of key employment law changes and the up to date statutory rates that will effect your business. And of course, they are free of charge.
We will then send you future updates ‘hot off the press’ as they are published.
Carole Thomson Chartered FCIPD, Tech IOSH
Senior HR Consultant and Trainer
HR Support for Business
Tel: 078994 25916/ 079412 62492 /01295 788 579 email@example.com