The Office for National Statistics has published the 2020 Mark Scheme to mark the National Living Wage (NLL). This scheme applies to employees of both the public and private sectors, so people employed in the public sector are likely to be better off than those employed in the private sector.
This article is written by James Mark, who is deputy national statistician at the Office for National Statistics. It looks at how the NLL and its related measures affect those working in the public sector, and what the NLS methodology is all about. It also looks at whether this scheme would help the public sector to retain workers. Mark then takes a look at whether it would help businesses retain their staff and concludes that it might.
The Mark Scheme is designed to help the National Living Wage (NLL) reach its full potential as an income supplement. This is based on the premise that employees who earn more money will generally have less stress in their lives, and they may even have more time to spend with family and friends. In other words, workers who earn more money will also be healthier and better adjusted to work.
The Mark Scheme is part of the UK Government's ongoing effort to help the nation recover from the financial crisis. The Department for Work and Pensions plans to increase the level of this supplementary payment by another 5% in the forthcoming year. This would be a major boost to those on low salaries, but it should also encourage companies to keep their staff as healthy as possible, as this can have a huge impact on productivity.
The Mark Scheme is the first of its kind to come into effect since the introduction of the National Living Wage. This makes it important to consider its effects carefully before taking the decision to take up paid employment. It is possible to take out the scheme by contacting one of the national number offices or by contacting your local Citizens Advice Bureau.
James Mark is deputy national statistician at the Office for National Statistics. He has written this article for the Public Sector Federation of Housing and the Citizen's Advice Bureau.
Mark writes that the NLS was introduced as part of the UK Government's efforts to make sure that the National Living Wage is as high a rate as possible, and this was done through introducing a number of different measures. One of these measures was to introduce the Mark Scheme, which was designed to encourage companies to retain their best-paid staff as long as possible.
Mark continues to explain how the Mark Scheme works. His conclusion is that the scheme is intended to encourage employers to offer more to their staff on a range of different grounds, which will result in them retaining a better standard of life. and that means that those in the public sector will be able to enjoy more benefits.