April brings us not only spring this year but also an increase in minimum wage!
This is exactly what is needed for some staff during the current challenging economic climate but don’t forget that this also impacts those staff earning more than minimum wage.
Here is a little more on those changes from the Government site:
As recruiters, we recognise the importance of valuing staff and at Swarm, we believe that everybody should be treated fairly. So, while companies are legally obligated to increase the salaries of some, we would recommend that companies also offer salary/benefit reviews to everyone where it is possible to do so. The job market is offering more to workers than ever before, so it is more important than ever to show your employees what they mean to you and your business!
Open your diary and book reviews for your workers! Make time to discuss their performance and what you can offer; if a pay rise isn’t realistic then can you offer any other benefits? Flexible working, extra holiday days, healthcare?
If you would like any advice on how best to ensure you retain your current staff or attract new staff, then get in touch with us!
Sam