National Minimum Wage Increase
by Startacus Admin
Here at Startacus we do like a good reminder.
After all if like us you've a fab but reasonably flat / small team of paid employees the chances are there's a good deal of multitasking and 'pulling in all directions' going on! 
So, for those of you with a responsibility towards wages, payroll, administration, cash-flow, managing the books - and probably a whole lot more, take note of this very important reminder:
National Minimum Wage increases from today...yep a Wednesday.
It's not a massive increase, and some of you folk may be able to pay the majority of said employees above the bottom line, but for for those of us who pay wages at NMW level, take note of the changes below*
Year 21 and over 18 to 20 Under 18 Apprentice*
2014 (from 1 October) £6.50 £5.13 £3.79 £2.73
2013 (current rate) £6.31 £5.03 £3.72 £2.68
*Stats taken from gov.UK website
Of course if you pay monthly this might be an easy change to make. Weekly paid staff however, appreciate this change starts midweek, so take that into 'account' when having fun with real time information, your calculator, and your business bank account.
So National Minimum Wage reminder done, you might also want to read Our latest financial news roundup for small businesses and startups.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
London startup Soldo, is aiming to streamline the entire business expense cycle –from payment to reconciliation.
Don’t worry if your business died. You just got a step closer to entrepreneurial heaven says Richard Myers, Commercial Director at Transmit Start-Ups.
SupplyCompass, a design-to-delivery sourcing platform that provides an efficient and sustainable solution for global supply chains, agrees a £1.5m seed fund deal.
Apprenticeship startup WhiteHat raises $16m Series A led by Index Ventures and prepares to expand its alternative to university.
How can women effectively challenge gender bias in the workplace? Hayley Mackenzie from Boiler Guide, shares here thoughts and experience.
The app that's aiming to help us to take the first step in reversing climate change...
The startup that's providing Nursing Home residents with additional meaningful social interactions provided by local people!
Some easy and inexpensive ways to make your start-up more secure.
The vidiCREW app is on a mission to show your wedding through the eyes of your loved ones. How does it work?
The Startup Leadership Program continues to grow, inviting applications for its 9th London cohort to join the six-month program.
Published on: 29th September 2014
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Startup Leadership Program invites applications for its 9th London cohort 12th Jul 2019 The Startup Leadership Program continues to grow, inviting applications for its 9th London cohort to join the six-month program.
- Latest Zinc Company Builder Programme to transform the quality of later life 9th Jul 2019 Do you want to build a new purpose-driven startup with support from a world-class network of experts?
- HealthTech startups sought for Greater Manchester Future of Health Challenge 4th Jul 2019 The Greater Manchester Future of Health Challenge is on the hunt for innovative healthtech startups and scaleups...
- Seedrs FMCG Accelerator Programme to help 10 UK-based FMCG businesses 3rd Jul 2019 Seedrs have launched their first FMCG Accelerator Programme dedicated to helping up to 10 UK-based FMCG businesses raise capital.
