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The Safe Sick Pay Business Symposium, sponsored by Legal & General, is in collaboration with the Centre for Progressive Change, a not-for-profit organisation that is leading the Safe Sick Pay campaign. Following the event, Legal & General will issue guidance papers to procurement, HR, facilities management and real estate leads to pave the way towards much-needed policy change. Your support is needed to drive change and the event will be co-hosted in London and Leeds.
If you are interested in attending this event then you can register by selecting the links below:
London: https://www.eventbrite.co.uk/e/721113559067?aff=oddtdtcreator
Leeds: https://www.eventbrite.co.uk/e/721152575767?aff=oddtdtcreator
Read more from the WPI Economics report for the Centre for Progressive Change, here.
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Low Pay Commission: impact of the National Living Wage Published: 3 October 2023 Emailed: 4 October 2023
The Low Pay Commission (LPC) has published the ‘ National Living Wage impacts by geography, age and gender ’ report. This is an in-house report from the LPC, using geography, gender and age to look at the effects of the National Living Wage (NLW) to March 2020. The research published looks at the impact of the NLW on a variety of labour market outcomes between its introduction in April 2016 and March 2020, the onset of the pandemic. It uses geography, gender, and age to identify different groups and then compares the labour market outcomes of those with high minimum wage coverage or high bite (areas with low average wages) with those groups which are less affected by the minimum wage. This research finds that wages increased faster for those groups most affected by the minimum wage but that this had not led to detrimental effects on employment. These increases were higher at lower percentiles of the pay distribution. In line with previous findings, the LPC found no evidence of significant negative impacts on employment or hours across the whole period. However, findings showed that the NLW may have boosted participation, as inactivity was significantly reduced without a corresponding increase in unemployment.
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Economic labour market status of individuals aged 50 and over Published: 5 October 2023 Emailed: 11 October 2023
Information has been published by the Department for Work and Pensions (DWP) detailing the trends over time, and comparisons with 35 to 49-year-olds, in the economic labour market status of individuals aged 50 and over.
The UK has an ageing population and workforce, therefore it is of growing importance to understand the economic labour market status of individuals approaching, at, and above state pension age and how trends are changing over time.
The main findings are: •
the employment rate for 50 to 64-year-olds is not yet back to pre-pandemic (2019) levels, although it has increased over the past year. It is too early to determine if changes over the past year are short-term fluctuations or the beginning of a longer-term trend
• from 2019 to 2022 the employment rate of older adults decreased each year from a record high in 2019 of 72.5% to 70.7%. Over the past year, the employment rate of people aged 50 to 64 years has increased by 0.6 percentage points to 71.3%, though this increase is not statistically significant
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