Mandatory minimum wage varies by age: 22 and over is GBP 5.73 per hour; 18 – 21 years old is GBP 4.77 per hour; 16 – 17 years old is GBP 3.53 per hour.
Frequency of Payments
Twelve months.
Determination and Frequency of Salary Increases
Annually (although recently UK companies have reviewed pay on a more frequent basis as a response to the economic climate). Individual performance is the most common criterion for salary increase. Inflation, company performance and position in salary band are also common factors. The most common salary review months are January or April.
Are There Mandated Salary Increases?
No, salary increases are not mandated.
Pay Structure
The majority of companies use job evaluation systems and market data to determine salaries.
