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UK National Minimum Wage Supplier Questionnaire
The Minimum Wage is often in the news when it comes to Supplier Evaluation and Assurance. Make sure you're asking the right questions of your Suppliers with our NMW 2018 Checklist included with Rizikon. Ask for a copy, Request a Demo or try it Free with Rizikon Assurance for 30 days
Find out how the UK National Minimum Wage 2018 Questionnaire may help you protect your business
Minimum Wage Questionnaires for Supplier Evaluation
The UK National Minimum Wage Act 2018 applies to every organisation employing workers in the United Kingdom. The legislation includes conditions and exemptions that apply differently from case to case, and mandates that organisations must keep records regarding the payment of at least the minimum wage in the appropriate instances. Organisations who wish to assure themselves that their suppliers and partners are operating in compliance with the Labour Market Regulations can use this Minimum Wage Supplier Questionnaire included with all Rizikon Assurance subscriptions standalone or as a part of their Supplier Assurance programme. This will help identify and reduce the risk of exposure to high-risk and non-compliant business practices around employment legislation.
Using the Minimum Wage Checklist within Rizikon
While there are no standard Minimum Wage questionnaires available from Government Agencies, the legislation and guidance notes lay out specific rules and exceptions which this Questionnaire has been based on. Specifically it has been derived from the July 2018 publication by the Department of Business, Energy & Industrial Strategy “The National Minimum Wage and National Living Wage – Calculating the minimum wage” and the Gov.uk web pages providing information on the National Minimum Wage.
Minimum Wage Checklist Questions, Sections and Scoring
The structure of the UK 2018 National Minimum Wage Standard Questionnaire consists of an initial quick section requesting information about legislation compliance. Should a Supplier indicate any non-compliance, they are presented with a series of possible legitimate reasons to choose from, and asked to justify their position. If the Supplier indicates general Compliance, or compliance within the scope of legitimate exemptions, their organisation will be graded as lower-risk. Failure to display appropriate explanations or justification will yield higher-risk scores. Scoring works first of all to check that the answers are correct to indicate full legal compliance. Any risk of non-compliance is graded Fail, High-risk, Medium-risk, or Low-risk. A report view will indicate the necessary remediation actions needed to reduce their overall Risk score.
Request a Demo, ask us to send you a copy of the Questionnaire or Try the Questionnaire and Rizikon Assurance
free for 30 days
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