2024 Annual National Minimum Wage and Statutory Payment Increase

The Department for Work and Pensions has published its annual rate increases for National Minimum Wages and other statutory payments.

The key changes that are happening from 1st April 2024 are:

Increases to the statutory rate are:

• 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 aim of reducing the gap between the National Minimum Wage and the National Living Wage is big on the Government’s agenda to help with the cost of living crisis experienced by all over the past couple of years.
How Crone Corkill can help.
We will find you the role that’s right for you. One that not only fits your skillset but also meets your financial expectations.

What does this mean for clients?

Attention to detail is important so make sure that when you’re budgeting for new hires to take into account any statutory increases that have occurred.
How Crone Corkill can help.
Our dedicated recruiters help make sure you’re considering all changes when hiring new employees and can assist in improving your recruitment strategy.

Unsure what this means for you?

Get in touch with the team today for more information.