| Annual Compensation Increase |
Increase on rates and limits under employment legislationNew rates and limits under employment legislation have been (and will be) introduced, which will affect employers when calculating redundancy payments, statutory maternity, paternity leave, etc. Redundancy/Short Time Working/Layoff from 1 February 2011:Limit on a week’s pay for statutory redundancy payments
Previous = £380 per week Guarantee payment during short time or temporary layoff
Previous = £21.20 per day (subject to a maximum of 5 days or £106 in any 3 months) These limits have been increased to reflect changes in the Retail Prices Index for September. Families and Pregnancy Related Payments from 11 April 2011:
Sickness payments from 11 April 2011:
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| Current Rate | New Rate | |
| Statutory sick pay (SSP) | £79.15 per week |
£81.60 per week |
National Minimum Wage from 1 October 2010:
| Previous Rate | Current Rate | |
| The standard rate for workers aged 21 and above | £5.80 per hour | £5.93 per week |
| For workers aged between 18 to 20 (and those aged 21 and over doing accredited training in the first 6 months of employment) | £4.83 per hour | £4.92 per hour |
| For young workers, i.e. those aged 16 to 17 who are not apprenticed | £3.57 per hour | £3.64 per hour |
| Apprentices (under 19 years of age or in the first year of their apprenticeship) | None | £2.50 per hour |
Comment
The above is a summary of the changes to the main rates and limits. Other rates and limits may have also changed and therefore members are advised to contact the employment team for further information.