In an article by People Management, London Tax Partner Charlotte Sallabank commented on changes announced in the Autumn Budget and their implications for human resources (HR) practices and policies. Key changes include adjustments to the national living wage, which will rise to £10.50 per hour, and modifications to the apprenticeship levy to make it more flexible for employers. The budget also introduces measures to support mental health in the workplace, including increased funding for mental health services and initiatives aimed at improving employee well-being.
Charlotte emphasized that the increase in the national living wage will necessitate careful planning and budgeting by HR departments to manage the higher wage bills. She also pointed out that the changes to the apprenticeship levy could provide more opportunities for employers to invest in training and development, potentially leading to a more skilled workforce. Additionally, Charlotte highlighted the importance of the new mental health initiatives, noting that they could help reduce absenteeism and improve overall employee productivity.
"How will changes announced in the autumn budget affect HR?" People Management, October 31, 2024
London
