Key Legislation and Changes to look out for in 2019

1 January 2019 - Executive Pay Gap Reporting

On 1 January 2019, legislation came into force requiring UK quoted companies with more than 250 employees in the relevant financial year to publish their gender pay gap/ pay ratio between their CEO and “average” employees and other key employee engagement information. Reporting will be essential on all financial years starting on or after this date. Therefore, the first companies are expected to publish mandatory executive pay ratio reports by early 2020.

Legislation Update

National Living Wage The Government’s new National Living Wage is now law. From 1 April 2016, employers need to pay workers aged 25 and over (and not in the first year of apprenticeship) the National Living Wage which has been set at £7.20 per hour. The current National Minimum Wage for those under […]

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