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April 2nd, 2024

April Newsletter 2024

April themed banner with Easter eggs, featured on XCL website

XCL hopes everyone enjoyed the Easter bank holiday weekend!

April is here, and with it comes the annual national minimum wage increase, this is the largest increase to the national minimum wage that the country has seen in over a decade. It will also benefit almost 3 million people in the UK and on average would add around £1,800.00 to people’s annual salary.

 

What is National Minimum Wage?

This is the lowest renumeration that a company can legally pay its employees. The minimum wage criteria in the UK is most commonly seen broken down by age categories (although it can vary between other things such as region, job sector etc.) but this time the increase has seen a significant change for 21 year olds, as they’ve been grouped together with the highest hourly rate pay bracket.

 

For reference, outlined below are the new hourly pay rates as of 1st April 2024:

21 years +                         £11.44 per hour
18 – 20 years old            £8.60 per hour
Under 18 years                £6.40 per hour
Apprentice                        £6.40 per hour
Stacks of coins, money, featured on xcl website

As the basic minimum rate will increase, a lot of our clients will follow the percentage increase across all roles.

So keep an eye out for our job roles being updated with our clients competitive salaries.
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