There are a few things that you can guarantee in life. Death, taxes and employment law changes. As we make our way into a new year, it’s essential that as a business owner you know exactly what’s coming and how to prepare for it.
Do you think that you can just hope for the best and plead ignorance if you’re caught out? Well, let’s be honest, you don’t really believe that’s an option!
You need to be compliant and we’re here to help you. Let’s take a look at the changes that you need to pencil in your diary…
Gender pay gap reporting
For the first time, private sector, public sector and voluntary sector employers with 250+ members of staff will be required to publish information relating to the gender pay gap, and how they are performing in terms of driving forward equality.
At the moment, the exact requirements are still being drafted, though it’s expected that the deadline for the first report will be 4th April 2018, based on data from 2016/2017. We’ll release more guidance on this once it’s available.
Changes to regulations surrounding employment of foreign workers
From April 2017, employers sponsoring foreign workers with a tier 2 visa will have to pay an immigration skills charge of £1,000 per worker. This will be reduced to £364 for small employers and charities.
In addition to this, the minimum annual salary threshold for ‘experienced workers’ applying for a tier 2 visa will be increased to £30,000. If you employ foreign workers, or plan to open up your recruitment channels in the near future you need to make sure you’re compliant.
National minimum wage and living wage changes to be aligned
The dates for changes to national minimum wage and national living wage will be brought into alignment, so the good news here is that there are less dates to keep track of!
From April 2017, the national living wage for staff aged 25 or over will increase to £7.50 per hour.
All things considered, there’s plenty to think about in 2017 and plenty that you need to plan for. And of course, there’s the tricky issue of Brexit…
There’s still a grey area over what we should really expect, though things are likely to become clearer in the coming months. As always, make sure that you keep an eye on our updates for practical, no-nonsense guidance on what you really need to know.
If you need help ensuring compliance? We can help. Give us a call today to arrange your no-obligation discussion.