How will the living wage affect your business?

[pinkcouture]

I'm surprised with the huge jump from £6.50 to £9.00! Its such a big difference, normally it goes up by pennies not pounds!

 

[BannerPenguin]

I'm surprised with the huge jump from £6.50 to £9.00! Its such a big difference, normally it goes up by pennies not pounds!

Got 5 years until it gets to that point. Goes to £7.20 from next April for over 25's only.

 

[TheBeautyRoomClinic]

Price increase I think, I have been in business just over 3 years and have not altered my prices in that time so I think a price increase next April is on the cards

 

[beautyxperts]

I'll be increasing my prices shortly due to changing my treatment menu so the changes will be increased prior to the wage increase - I haven't increased my prices since I opened nearly 3 years ago. What else are business expected to do apart from price increases - I think it will be seen throughout the UK business's. My husband for example, I'm sure his skilled workers won't be happy eventually earning only £40 a week more than one of the non skilled labourers - so he will too have to increase the skilled workers hourly rates also increasing his prices to reflect it. But apart from price increases for salons I do think those over 25 with little experience in salon will struggle to gain employment against those u25's due to the gap in wages - apprenticeships will increase for u25's but I also think there will be even more self employed therapists/nail techs in salons rather than being employed...just my thoughts. [emoji4]

 

[BettyBaa1994]

Was just using that as an example but I'm sure that the wage can be made up of a flat rate plus a commission and the employee gets whatever is the greater amount, so if she has a good week or month then it would amount to more than NMW but if it's been quiet, the NMW gets paid.

Yes you can.