Changes to the statutory rates of pay – is your business ready?
Monday 31st March 2025
Effective 06 April 2025, there will be increases to the statutory rates applicable to certain awards by employment tribunals, as well as to other statutory sums payable under employment legislation. Additionally, Presidential Guidance has directed increases to the “Vento bands” which govern compensation for injury to feelings in discrimination and detriment cases.
Our team has prepared a comprehensive factsheet outlining these changes, available in a downloadable PDF format for your convenience.
Should you have any questions regarding the new statutory rates and their application, please do not hesitate to reach out to a member of our team.
