News Article

Some anticipated changes for this year….

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Business Microchipping Employees 

Not just Science fiction, BioTeq, the UK’s largest provider of this service, has already fitted 150 companies with implants in the UK. These tiny chips are implanted in the mesh between the thumb and fore finger, which allows employees to access their office and data by the wave of their hand. 

Whilst firms have taken this measure to help improve security and prevent sensitive data from being accessed, further scrutiny on this is anticipated in line with GDPR and Invasion of Privacy guidelines. 

It is expected that Business Microchipping of Employees in the UK will increase in 2019. 

Reporting Gender Pay Gap 

Organisations with 250 or more employees will again be required to publish their Gender Pay Gap figures by April 2019. Figures are expected to be scrutinised heavily due to ongoing social and legislative pressures, and to determine whether their efforts made to reduce significant pay disparities in 2018 have succeeded .

CEO Pay Gap Reporting 

Similar to Gender Pay Gap reporting, it is expected in 2019 that figures on Executive Pay Gaps will be required to be published by Organisations with 250 or more employees. 

Expected National Minimum Wage increase 

As announced in the Government budget in October 2018 the NMW is set to increase in April 2019 as below; 

Workers aged 25 and over – from £7.83 to £8.21 per hour 

Workers aged 21 to 24 – from £7.38 to £7.70 per hour 

Worker aged 18 to 20 –
from £5.90 to £6.15 per hour 

Workers aged 16 to 18 – from £4.20 to £4.35 per hour 

Apprentices (under 19 years) from £3.70 to £3.90 

For any further advice or information please contact the team here at SFB Consulting. Our offices are based in Bishop’s Stortford and London, but we offer our services and consultancy UK wide. 

T:01279 874 676 

E:info@sfb-consulting.com