{"id":11211,"date":"2023-12-23T13:19:02","date_gmt":"2023-12-23T13:19:02","guid":{"rendered":"https:\/\/www.qualitycompanyformations.co.uk\/blog\/?p=11211"},"modified":"2024-11-15T13:57:38","modified_gmt":"2024-11-15T13:57:38","slug":"new-employment-laws","status":"publish","type":"post","link":"https:\/\/www.qualitycompanyformations.co.uk\/blog\/new-employment-laws\/","title":{"rendered":"New employment laws for 2024 you need to know"},"content":{"rendered":"

The UK government has announced a series of new employment laws coming into effect in 2024. From holiday pay and flexible working, to carers and family leave, there are several new pieces of legislation that business owners should be aware of ahead of the new year.\u00a0<\/span><\/p>\n

In this article, we\u2019ll cover all the new employment laws expected to be introduced in 2024. We\u2019ll include key dates to mark in your diary, and advise how your business can prepare for the changes to come. Let\u2019s get started.\u00a0<\/span><\/p>\n

National minimum wage rate rise<\/h3>\n

The 2023 Autumn Statement announced the largest-ever increase to the National Minimum Wage (NMW). From April 2024, the following rates will apply:<\/span><\/p>\n\n\n\n\n\n\n\n\n
<\/td>\nNMW Rate<\/b><\/td>\nIncrease in pence<\/b><\/td>\nPercentage increase<\/b><\/td>\n<\/tr>\n
21 and over<\/b><\/td>\n\u00a311.44<\/span><\/td>\n\u00a31.02<\/span><\/td>\n9.8%<\/span><\/td>\n<\/tr>\n
18-20 Year Old Rate<\/b><\/td>\n\u00a38.60<\/span><\/td>\n\u00a31.11<\/span><\/td>\n14.8%<\/span><\/td>\n<\/tr>\n
16-17 Year Old Rate<\/b><\/td>\n\u00a36.40<\/span><\/td>\n\u00a31.12<\/span><\/td>\n21.2%<\/span><\/td>\n<\/tr>\n
Apprentice Rate<\/b><\/td>\n\u00a36.40<\/span><\/td>\n\u00a31.12<\/span><\/td>\n21.2%<\/span><\/td>\n<\/tr>\n
Accommodation Offset<\/b><\/td>\n\u00a39.99<\/span><\/td>\n\u00a30.89<\/span><\/td>\n9.8%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

The NMW is the minimum hourly rate that most workers in the UK are legally entitled to. From the new financial year, teen and apprentice workers will see the biggest wage boost of over 20%. Young workers\u2019 rates will rise by almost 15% and accommodation offset and adult employees\u2019 hourly earnings will increase by almost 10%. All of these minimum wage hikes are the biggest to date, and have been introduced as a result of high inflation and the cost of living crisis.\u00a0<\/span><\/p>\n

Most UK workers in the above brackets are eligible to receive the new national minimum wage. This includes temporary and agency staff and part-time employees. The only exemptions are:<\/span><\/p>\n