17th November 2005, 06:08 PM
Quote:quote:We proposed a model whereby the minimum salary is taken to include an employer?s pension contribution, a minimum number of days of paid leave, a sick leave allowance and a defined average working week. Following the consultation, Council has agreed the following package as a minimum standard, from 1 April 2007
? 37.5 hour average working week
? Employer pension contribution of 6%, subject to any reasonable qualifying period
? 20 days annual leave excluding statutory holidays
? Minimum sick leave allowance of 1 month on full pay, subject to any reasonable qualifying period
In some cases employers may find themselves unable to meet these requirements. Whilst this is not best employment practice, the IFA will expect any shortfall in benefits to be compensated for in pay. The following table illustrates examples of the salary enhancements which would be required if the employment package fell below the minimum recommended allowances. Betterment of these terms would not, however, permit a reduction in basic salary.
Table 1.
2006/7 minimum salaryrecommendations = ?13,855 (PIFA), ?16,137 (AIFA), ?20,893 (MIFA)
No employer pension contributions (+6%) = ?14,686 (PIFA), ?17,105 (AIFA), ?22,146 (MIFA)
Average 40 hours/week = ?14,978 (PIFA), ?17,445 (AIFA), ?22,587 (MIFA)
20 days annual leave including statutory holidays = ?14,281(PIFA), ?16,633 (AIFA), ?21,563 (MIFA)
No sick leave allowance (based on min. 1 month
full pay) = ?15,009 (PIFA), ?17,481 (AIFA), ?22,634 (MIFA)
Quote taken from the IFA News section on the front page of the IFA website. Note that, when put into effect, these requirements will be mandatory for RAOs.
How's that for 'action not words' Troll?
1man1desk
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