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NATIONAL INSURANCE
National Insurance Tax Hikes: What Workers Need to Know and How Youco Can Help
With the Autumn Budget of 2024 fast approaching, speculation is mounting around the potential rise in National Insurance Contributions (NICs) for employers. Chancellor Rachel Reeves and the Labour government are facing pressure to bridge a growing public spending gap, and increasing NICs on employers appears to be a likely option. But what does this mean for workers? Even though the hike is aimed at businesses, it could have far-reaching effects on the job market, wages, and overall employment conditions.
In this post, we’ll break down what the potential changes to employer NICs could mean for workers and why partnering with an umbrella company like Youco can offer stability and protection in the evolving employment landscape.
WORKER RIGHTS
Stronger Worker Rights in 2024: What You Need to Know and How Youco Helps You Navigate the Changes
The UK government’s recent focus on worker rights marks a significant shift towards improving job security and fairness for employees across various industries. As of October 2024, several new laws are coming into effect, aimed at enhancing protections for workers. These laws, part of the Labour government’s ongoing reforms, bring changes that every worker should be aware of. But what do these reforms mean for you, and how can you ensure you’re making the most of the new landscape?
In this post, we’ll explore the most important changes to worker rights, how they impact you, and why partnering with Youco can help you navigate this evolving employment environment.
ZERO-HOUR CONTRACTS
The End of Exploitative Zero-Hour Contracts: How Youco Can Help Workers Thrive in the New World of Work
One of the most anticipated changes in employment law for 2024 is the ban on exploitative zero-hour contracts, part of the Labour government's broader "New Deal for Working People." Zero-hour contracts, while offering flexibility for employers, have long been criticized for creating uncertainty and insecurity for workers. These contracts often leave employees in a precarious position, with unpredictable hours and income, making it difficult to plan their financial and personal lives.
In this post, we’ll break down the key aspects of the zero-hour contract ban, its implications for workers, and why Youco is the right partner to help you transition into a more stable and empowering work arrangement.
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