| Small businesses 'happy with minimum wage' |
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 The majority of small businesses are happy with the proposed changes to the national minimum wage, according to the Federation of Small Businesses (FSB).It claims that the new figures are "pretty much in line with inflation", as opposed to in previous years. From October 2008 adult workers aged 22 and above will have a minimum wage of £5.73 per hour, which is an increase from £5.52. The figure for young workers aged 18 – 21 will rise from £4.60 to £4.77. Simon Briault, spokesperson for the FSB, said that the minimum wage is not a "significant factor" in affecting staff numbers in small businesses. "We, as an organisation, are in favour of the minimum wage, because it basically means that the minority of dishonest employers are not able to undercut the vast majority, who pay fairly," he added. A recent study by the Chartered Institute of Personnel and Development found that the average cost of employee absence is now £666 per worker, dofonline reported.  |
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