Hourly Pay Boost: UK Minimum Wage Rises to £12.21 in 2025 скачать в хорошем качестве

Hourly Pay Boost: UK Minimum Wage Rises to £12.21 in 2025

Starting April 1, 2025, the UK will increase the National Minimum Wage (NMW) and National Living Wage (NLW) by a significant amount, benefiting millions of hourly-paid workers. This video breaks down the new rates, their impact on your earnings, and provides key information to help you navigate these changes.​ Key Points Covered: *New Wage Rates:* Effective April 1, 2025, the National Living Wage for individuals aged 21 and older will increase to £12.21 per hour, a 6.7% rise. Those aged 18 to 20 will raise their hourly wage to £10.00, while 16 —to 17-year-olds and apprentices will earn £7.55 per hour. *Financial Impact* Full-time employees paid £ 21 or more can expect an annual salary increase of up to £1,400. Meanwhile, workers aged 18 to 20 will see an additional £2,500 in their yearly earnings. *Employer Considerations:* Although this wage hike benefits employees, it may increase labour costs for employers, particularly in industries with narrow profit margins. Some businesses have raised concerns about the possible effects on employment levels and pricing strategies. Chancellor Rachel Reeves has indicated that the wage hike is intended to tackle the escalating cost of living and ensure that employees receive a living wage in line with the government's overall economic strategy. Watch the video to understand how these changes will affect your paycheck and what steps you can take to adjust to the new wage landscape. Hashtags: #UKMinimumWage #NationalLivingWage #PayRise2025 #HourlyWorkers #LivingWage​ If you found this helpful information, please consider liking, sharing, and subscribing for more updates on employment and wage policies. Do you have any questions or opinions about the wage increase? Feel free to comment below—we'd love to hear your thoughts! SOURCES https://www.gov.uk/government/news/bo...) ACAS https://www.canva.com/design/DAGkp6u6.... Watch the full playlist to understand what HR Really Dos for You: [   • What HR Really Does for You: A 4-Minu...   ]