31st March 2009, 09:20 AM
OK given that I cant find the original thread
The figures are
Pay 13855
Leave 1066
Sick Pay 1066
Pension 982
Total 16968
These are the rates for the year when the IFA minima were introduced 2007-2008 ie last pay year and the increase is for somebody casually employed. HMG intoduced holiday pay for 20 days which the IFA increased to 27 days. I make the point that if the government introduces something the employer has to pay for it. They also have to pay employers NI contributions at 14%.
I dont have a record of what the pay was before (David or Kevin has a record of this. The introduction of these benefits alone equates about 20% above the previous amount. My comments at the time was these increases were too much too quickly given the prevailing market conditions. The downturn was obvious and predictable. In fact it was already happening. I was arguing at the time that this would cause additional lay offs.
Peter
The figures are
Pay 13855
Leave 1066
Sick Pay 1066
Pension 982
Total 16968
These are the rates for the year when the IFA minima were introduced 2007-2008 ie last pay year and the increase is for somebody casually employed. HMG intoduced holiday pay for 20 days which the IFA increased to 27 days. I make the point that if the government introduces something the employer has to pay for it. They also have to pay employers NI contributions at 14%.
I dont have a record of what the pay was before (David or Kevin has a record of this. The introduction of these benefits alone equates about 20% above the previous amount. My comments at the time was these increases were too much too quickly given the prevailing market conditions. The downturn was obvious and predictable. In fact it was already happening. I was arguing at the time that this would cause additional lay offs.
Peter