survey of 500 employers, carried out before the EU referendum, found that only 6% felt the arrival of the new national minimum rate of £7.20 had had a large effect. Just over one-third (35%) reported a rise in their wage bill, but have responded by pushing up prices or taking lower profits. Of those organisations where payroll increased, 21% said this was by a small extent, 8% to some extent and 6% to a large extent.The report looks at the ways employers have dealt with the wage rise since it was introduced three months ago, and while most have passed on the cost to customers (36%) or taken lower profits (29%), other responses included:The national living wage has not been the "jobs killer" that many predicted, according to a report published today by the Resolution Foundation. The thinktank's
National living wage resourcesNational living wage: how to tighten payroll and increase productivity National living wage: three practical scenarios XpertHR national living wage survey
- asking workers to do more (16%);
- investing more in training (15%);
- using less labour (14%); and
- investing more in technology (12%).