Ken Parsons NATIONAL LIVING WAGE Employees over 25yrs must be paid at least 720 per hour from April Expected to rise to at least 900 per hour by 2020 maybe more WHAT MIGHT THIS MEAN example ID: 542897
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Slide1
THE IMPACT OF THE NATIONAL LIVING WAGE
Ken ParsonsSlide2
NATIONAL LIVING WAGE
Employees over 25yrs. must be paid at least £7.20 per hour from April
Expected to rise to at least £9.00 per hour by 2020, maybe moreSlide3
WHAT MIGHT THIS MEAN example
situation 2015
Turnover £200,000
Gross profit £40,000
Staffing £24,000
Other costs £15,000
NET PROFIT £1,000Slide4
WHAT THIS MIGHT MEANExample situation 2020
Turnover £200,000
Gross profit £40,000
Staffing £32,000
Other costs £15,000
NET LOSS £7,000Slide5
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