minimum wages euro notesThe cost of employing younger workers has increased in October due the annual hike in the national minimum wage.

Although there is no change for workers over 25, employers should note the new rates for young workers which are as follows:

1 Workers aged from 21-24 – £6.95 per hour (25p increase)

2 Development rate for workers aged from 18-20 – £5.55 per hour (25p increase)

3 Young workers rate for workers aged 16-17 – £4.00 an hour (13p increase)

4 Apprentices under 19, or over 19 but in first year, £3.40 (10p increase)

The National Living Wage for workers aged 25 and over, remains at £7.20 an hour. All minimum wage revisions will be made annually from April 2017 onwards.