Employee Statutory payments 2014

Employment Facts and Stats 

Statutory employee payments from April 2014 

depositphotos_5422513-3d-small---way-choiceSo many employment facts and laws to know.  Combined with the difficultly of knowing where to go for trusted information, we thought this would be useful employer law update to include for employers.

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.

 

Statutory Redundancy

£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.

Taken from our Facts and Stats Summer 2014 update

 

Carole ThomsonHello, I’m Carole Thomson and I founded HR Support for Business to give small and medium businesses access to a trusted HR Resource Centre when needed.

No up front fees or subscription fees.  You just call us when you need us.  Or, access tried and tested HR Tools from the HR e-Store, which will save you time and money when developing a system to manage your workforce.

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. 

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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.

depositphotos_34185191-Register-Computer-Keyboard-Key-Enroll-Enter-Store-SiteYou also have the option to register your details over on the right hand side of any of the News Pages on our website.

We will then send you future updates ‘hot off the press’ as they are published.

 Regards

Carole

Carole Thomson Chartered FCIPD, Tech IOSH
Senior HR Consultant and Trainer
HR Support for Business
Tel: 078994 25916/ 079412 62492 /01295 788 579   carole@hrsupportforbusiness.co.uk
www.hrsupportforbusiness.co.uk  /in/carolethomson

About Carole Thomson

Following 16 years implementing HR solutions for businesses I founded HR Support for Business. Designed to be a one stop trusted HR Resource centre for small and medium businesses. Working locally or virtually we can be your HR team member when you need us. Or give SMEs access to tried and trusted HR contracts, policies and documentation. A self service HR resource to make it easier for SMEs to manage their people and save time and money in development and management time.

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