MYHR Consultancy

Compensation and Benefits

Read our latest blog posts to stay up to date with all the latest HR issues.
autumn budget 2025

Autumn Budget 2025/26 | What Employers Need to Know

The Autumn Budget for 2025/26 introduces several employment and payroll changes that will directly affect UK businesses. From National Insurance and wage increases to company car benefits and new payroll reporting rules, these measures will influence how you budget, recruit and manage staff in the years ahead. Here is a clear breakdown of the updates

Latest Rachel Reeves News | UK Minimum Wage Increase

Latest Rachel Reeves News | UK Minimum Wage Increase

Chancellor Rachel Reeves has confirmed a UK minimum wage increase, set to take effect from April 2026. This forms a central part of her Budget announcement and reflects the government’s ongoing efforts to support low-income earners in the face of persistent cost of living challenges. From April, the National Living Wage (for over-21s) will rise

Minimum Wage Increase 2025

Minimum Wage Increase 2025 | What Employers Must Do Now

As the UK economy continues to navigate through various challenges, the minimum wage increase in 2025 looms as a significant change for employers. With the National Living Wage (NLW) and National Minimum Wage (NMW) rates set to rise in April 2025, businesses across the country must navigate this financial adjustment carefully.

Keep it in the family – How to avoid the pitfalls of a family business

We’ve all heard the horror stories of family run businesses resulting in horrendous bust ups and complete estrangement. Yet there are others that are tremendously successful and last for generations. What is the secret of success within the Organisational Design for a family run business? Family Business Grievances Over the years we’ve dealt with a

Can’t retire, won’t retire. What are the employer options?

It used to be so simple didn’t it? Work, fill up pension pot, take retirement at 60 or 65, draw pension and take endless holidays. Not so nowadays. Some would say that the way we work leads to multiple careers, several pensions and/or Insurance policies and a ‘live for today’ attitude. The demographics also mean