There are a few things that you can guarantee in life – death, taxes and employment law changes! It’s essential that as a business owner, you know exactly what’s coming, and how to prepare for it.
If 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 I’m here to help.
Let’s look at the changes that you need to pencil in your diary…
- Gender pay gap reporting – 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 for the first time. 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 2016/17.
- 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 – these can be found under my page headed ‘Statutory Pay’. This does at least mean instead of rates changing in both April and October, it will now only be April – unless of course they change their minds again!