30th November 2006, 08:42 PM
Lets clarify a few things.
This is a bold step by the IFA and I hope the many people who have been calling on them to do something should be appaulding and joining them.
The holiday pay is for more than the stat min as it is for 20 days plus bank holiday. That is 7 days more than at present they are legally entitled to.
The sick pay - if you dont pay it has to be compensated with a cash payment of the equvalent of a month salary.
The stake holder pension scheme is irrelevant what the IFA is saying is that the employer must pay 6% of the salary towards the pension. From Davids quote "The employer does not have to make any contribution but may choose to do so."
I would suggest that we should stick to discussing what this all means over the legal minimums.
I calculate the rise to be:
sick pay 8%
pension 6%
cost of living 3%
extra holiday 3%
Total 20%
The comes on top of the legal requirement to pay temp staff holiday earlier this year.
Peter
This is a bold step by the IFA and I hope the many people who have been calling on them to do something should be appaulding and joining them.
The holiday pay is for more than the stat min as it is for 20 days plus bank holiday. That is 7 days more than at present they are legally entitled to.
The sick pay - if you dont pay it has to be compensated with a cash payment of the equvalent of a month salary.
The stake holder pension scheme is irrelevant what the IFA is saying is that the employer must pay 6% of the salary towards the pension. From Davids quote "The employer does not have to make any contribution but may choose to do so."
I would suggest that we should stick to discussing what this all means over the legal minimums.
I calculate the rise to be:
sick pay 8%
pension 6%
cost of living 3%
extra holiday 3%
Total 20%
The comes on top of the legal requirement to pay temp staff holiday earlier this year.
Peter