UK Minimum Wage and National Living Wage is set to increase

UK Minimum Wage and National Living Wage is set to increase

We’ve got some news that’ll make your day. Those of you who pay close attention to your wage slips, may notice an increase in your pay from April 2023.

We’re not talking some unnoticeable change that you’re often used to, it’s a whopping 9.7% increase for most – and even higher for those aged 21-22!

The past few years have been turbulent to say the least, and this increase couldn’t have come at a better time with us all feeling the effects of the cost of living crisis. We’ve brought you everything we know about this change, plus a handy tool that ensures you’re getting paid fairly.

What is the National Living Wage?

The National Living Wage is an obligatory minimum wage payable to workers in the UK, aged 23 and over.

What is the National Minimum Wage?

The National Minimum Wage is the minimum pay per hour almost all workers are entitled to – it is lower than the National Living Wage.

The numbers

Full-time workers on the National Living Wage, aged 23 and over, will see around £150 extra a month.

Those who qualify for the National Minimum Wage, that are aged 16, 17, 18, 19 or 20 years-old, will see a 9.7% increase.

21- and 22-year-olds will get a 10.9% rise – pushing them closer to the National Living Wage.

Younger workers qualify for the National Minimum Wage. That is rising by 9.7% for 16, 17, 18, 29 and 20-year-olds. Those aged 21 and 22 will get a 10.9% rise to push their rate closer to the National Living Wage.

Below, you’ll see a breakdown of this increase.

National Living Wage (23 and over)
£10.42 (up from £9.50)
21-22 Year Old Minimum Wage
£10.18 (up from £9.18)
18-20 Year Old Minimum Wage
£7.49 (up from £6.83)
16-17 Year Old Minimum Wage
£5.28 (up from £4.81)
Apprentice Minimum Wage
£5.28 (up from £4.81)

Value your vacancy

While this change will make a lot of people happy, we want to ensure that you’re being paid fairly. For some people, discussions around salary come easy. For others, it’s that awkward subject that they avoid like the plague.

Whether you’re currently employed or actively searching for a new role, salary is bound to come up. It’s worth being clued up on what you’re looking for and we’ve got a perfect place for you to start.

At Glu Recruit, we’ve devised a handy tool called Value Your Vacancy. By compiling a range of job roles and salaries, based on research within businesses in the Sheffield City Region, you’ll be able to enter your details and discover what other people in similar job roles are earning.

This is a great tool for employers too. If you’re in the process of creating an epic job advert for your business, it’s useful to research around and discover what salaries other businesses are offering – so you can be sure you’re attracting top talent.

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