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.
Oval and Seedrs have built the technology enabling the first in-app investment experience for fintech users to be able to invest in startups
The UK’s first algorithm based flatmate matchmaker, Ideal Flatmate closes its latest funding round with total Seed funding now passing £2m
Major investment news for Perlego, the London-based startup that is on a mission to make education material accessible for all
A short guide to hiring the best service providers for your organisation so that you don’t waste your time and money.
The London startup Show4me, that has created a global interaction network aimed at Music industry professionals and fans alike
.jpeg)
These tips for startups And entrepreneurs could transform your video output and have a dramatic impact on your marketing results.
Technology and ecommerce in particular has already had a profound impact on the fashion industry. Ken Price, Co Founder, Blake Mill explains how.
Deyan Dimitrov bootstrapped Laundryheap into profitability before taking any VC funding. He suggests other businesses should focus on bootstrapping, before turning to investment.
What is the long-term vision for our education system? In 2020, let’s focus on releasing EdTech from its shackles, says Ricky Doyle, co-founder of Practice Labs.
Zen Educate is an innovative digital staffing platform enabling supply teachers to be connected with schools more efficiently
Published on: 29th September 2014
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- London-based startup Perlego raises £7 million 19th Nov 2019 Major investment news for Perlego, the London-based startup that is on a mission to make education material accessible for all
- Investment announced in Aisha, the award-winning halal baby food manufacturer 13th Nov 2019 Aisha secures seven-figure investment from the Foresight Group to help its marketing, development and international expansion plans
- Construction tech startup ShapeDo secures investment from VC firm Goldacre 13th Nov 2019 ShapeDo from the 2018/2019 RELab cohort has secured investment from Goldacre in its innovative construction project management software
- Culture Amp launch Diversity and Inclusion Starter Kit to bring best practices to UK businesses 8th Nov 2019 The latest ways in which leading people and culture platform Culture Amp aim to help organisations manage their diversity and inclusion practices and policies
