The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
evidence on the effect of the introductory rate of £7.20 on workers, employers, the labour market and the economy - including how firms and workers are adjusting and impacts on pay, terms and conditions, income, hours, progression, employment and competitiveness; views of the projected ‘on target’ rate for April 2017. The figure will change between now and the autumn as new pay data and forecasts are published but the current estimate is to be around £7.60 in April 2017, rising to just over £9 by 2020. views on the LPC’s proposed approach to making recommendations on the NLW (set out in the consultation letter). views on how to adjust the level of the recommendations given that an April 2017 increase will come six months after the forthcoming October 2016 increases. This reflects the fact that the NLW was introduced on a different calendar to the other rates whose schedule is being revised to align with it. The consequence is two increases in 18 months rather than the 24 that would otherwise apply. evidence on the impact of the rates on younger workers’ employment prospects including evidence on how widely the new 21-24 Year Old Rate is used, and whether the NLW has affected the employment prospects of workers aged under 25. On the other minimum wage rates (21-24, 18-20, 16-17, apprentices), the LPC are particularly interested in:
Full questions are in the consultation letter . The deadline for responses to the consultation is 5pm on 29 July 2016.
CIPP comment Look out for a survey on this as the Policy Team will be asking for your views and experiences.
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National Living Wage: LPC looking for volunteers 22 April 2016
The Low Pay Commission are looking for volunteers to take part in some research which will enable them to monitor anonymised payroll data to track over time what the true impact of the National Living Wage is.
The gains to the business are:
a) providing hard evidence of NLW impacts with the potential to influence policy b) possible insights into how staff are progressing over time.
Volunteer costs, as such would be limited to time to provide the information and managing concerns re confidentiality. We would like to stress that what is being looked for is anonymised payroll data only at company level i.e. pay and hours.
If any members with minimum wage employees would be interested in helping the LPC with their research, please email policy with LPC NLW research in the subject box.
Think Tank The CIPP Policy Team is also in the process of organising a National Living Wage and National Minimum Wage 2017 Think Tank, to be held in London in June (date TBC), to support the survey research and our consultation submission to the LPC consultation paper .
If anyone outside of the Greater London Area is interested in attending, please email policy with NLW NMW Think Tank in the subject box.
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National Minimum Wage: Employer compliance 12 May 2016
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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