Professional services firm PricewaterhouseCoopers (PwC) has launched a survey to assess how employers plan to deal with the new National Living Wage.
From April 2016 those over 25 years of age must be paid at least £7.20 an hour, rising to £9 an hour by 2020 as part of the new legislation.
PwC said that the rise in wages would pose significant cost, operational and risk issues for those employers that currently pay workers not just close to the National Living Wage. It believes that it will also have an impact beyond just those being paid close to the minimum, as employees paid above the proposed rate will likely expect to retain their pay differential.
To assess the concern among employers and to understand what the change means in practice to the employment landscape, PwC has launched a confidential survey. After the cut-off date of 12 August it plans to share the findings with participants.