How much can you afford to pay to retain good staff? We all know that we should value our employees and one way we can do that is to pay them a fair wage for a fair days work. However, as a micro-SME, how much can you afford to pay to retain good staff? The National Minimum Wage (NMW) was introduced by the Labour Government in April 1999 and at the time some 1.9 million people were believed to be paid below the proposed rate of £3.60 per hour (employees of 21+). The hourly rate has largely increased over the 16years since
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