New Minimum Wage Rates - A Reminder.

Employers are reminded that from 1 October 2008 the adult National Minimum Wage (NMW) rose from £5.52 to £5.73 an hour. The minimum rate for 18- to 21-year-olds increased from £4.60 to £4.77 an hour and for 16- to 17-year-olds the rate is now £3.53 an hour instead of £3.40.

According to research from Bibby Financial Services, there is still a lack of awareness among small businesses in the UK regarding the NMW, with almost one third not fully aware of the latest increases.

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