The future impact of National Living Wage increases
23 per cent of participants are concerned about the future effect of the National Living Wage (NLW) increases. Confidence in future increases drops, with specific concerns about the NLW eroding lower end salary scales. With the NLW set to reach £9 per hour by 2020, we asked what participants had done to minimise the cost implications. Some had focused on consolidating allowances to accommodate the increase in base pay, alongside paying other employees smaller pay increases. Other responses included reducing the workforce and increasing productivity.
In line with 2018 responses, 87 per cent are not anticipating an immediate issue with the 2019 rise, with a number already paying the Living Wage.