Win more clients.  Work faster.  Make up to 43% more placements.  True cloud software that never lets you down.

Spring changes to statutory rates for employers

As usual, from April, various statutory pay rates (e.g. SMP) will increase. It is important that recruitment agents acting on behalf of employers…

As usual, from April, various statutory pay rates (e.g. SMP) will increase.

It is important that recruitment agents acting on behalf of employers are aware of, and act in compliance with, the below rates from 5 April 2015 onwards.

Payment Current rates (from 6 April 2014) New rates (from 5 April 2015)
Statutory Maternity Pay, Statutory Paternity Pay,
Statutory Adoption Pay,
Statutory Shared Parental Pay*
£138.18 £139.58
Statutory Sick Pay £87.55 £88.45

*NB Statutory Shared Parental Leave is new for this year, as Statutory Shared Parental Leave is only available for parents of babies due on or after 5 April 2015.

Recruiters sharing jobs & splitting fees

Attention Recruiters:
You will earn more if you join SplitFee.org – Don’t be the one missing out
3 Month Free Trial – Join now!

Furthermore, the limit on a week’s pay for calculating statutory redundancy awards and also the unfair dismissal basic award shall rise from £464 to £475, with effect from 6 April 2015.

The current maximum cap on the unfair dismissal compensatory award is at £76,574 or 52 weeks’ gross pay (whichever is the lower). This limit shall also rise to £78,335 or 52 weeks’ gross pay from 6 April 2015.

As usual, from April, various statutory pay rates (e.g. SMP) will increase. It is important that recruitment agents acting on behalf of employers are aware of, and act in compliance with, the below rates from 5 April 2015 onwards. Payment Current rates (from 6 April 2014) New rates (from 5 April 2015) Statutory Maternity Pay, Statutory Paternity Pay, Statutory Adoption Pay, Statutory Shared Parental Pay* £138.18 £139.58 Statutory Sick Pay £87.55 £88.45 *NB Statutory Shared Parental Leave is new for this year, as Statutory Shared Parental Leave is only available for parents of babies due on or after 5 April…

Review Overview

User Rating: Be the first one !
0
Join the IOR to be part of creating excellence in recruiting standards & service