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March 29, 2022
The National Living Wage is set to rise by 6.6 per cent from the 1st April 2022, rising from its current rate of £8.91 per hour.
Alongside the NLW increase there will be significant rises in National Minimum Wage (NMW) rates for younger workers.
The below graph displays the current 2021 minimum wage and the new rate set to be introduced in 2022 alongside percentage increase.
The LPC’s “central projections” suggested the national living wage would actually need to increase to £9.58 in 2022 and £10.70 in 2024 to reach two-thirds of median wages but this approach was “front-loaded” and not the right approach in the current economic circumstances.
Nonetheless, Rishi Sunak states that the rise of National Living Wage still “ensures we’re making work pay and keeps us on track to meet our target to end low pay by the end of this Parliament.”
Our website is full of useful information and we are always available at the end of the phone if you wish to discuss anything recruitment related in more detail.
For candidates – check out our candidate downloads and blogs for useful information. Alternatively, you can search for suitable jobs here.
For clients – You can find full details of our disciplines and sectors here. Get in touch if you would like to discuss your staffing requirements with the team at CMD. No matter the size of your organisation, our expert help is available.
You will find our contact details on our website should you wish to get in touch.
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