Millions of Workers Affected, Particularly Young and Older Employees
- One in 20 UK workers not receiving holiday pay
- 4% of workers in wholesale, retail and motor services sector have no paid holiday entitlement
- 10% do not receive payslips in the same sector
- HMRC identified 200,000 cases of workers not receiving minimum wage last year
- Workers aged under 25 and over 65 most likely to miss out on paid holiday entitlement and payslips
- Small firms and those on atypical contracts are more likely to face these issues
A recent study by the Resolution Foundation has revealed that around one in 20 UK workers are not receiving holiday pay entitlements. The think tank found that 4% of employees in the wholesale, retail, and motor services sector have no paid leave, affecting approximately 100,000 workers in this sector alone. Additionally, 10% do not receive payslips, impacting around 350,000 people. The research is part of an investigation into labour market enforcement, supported by Unbound Philanthropy, which highlights the prevalence of unlawful working practices across the UK. It found that at least a quarter of those earning just above the minimum wage are paid less than the legal minimum, with workers aged under 25 and over 65 being most likely to miss out on payslips and holiday leave. One in six workers aged 65+ report having no paid holiday entitlement, more than any other age group, while those aged 25 and under are almost twice as likely to be underpaid compared to other age groups. The study also shows that employees in small firms and those on zero-hour or temporary contracts are more prone to these issues. Lindsay Judge, senior economic analyst at the Resolution Foundation, stated: ‘Labour market violations remain rampant, with millions of workers missing out on basic entitlements like pay slips, holiday leave, and minimum wage. The government should prioritize investigating sectors such as hotels and restaurants, along with firms using atypical contracts, where abuse is most common.’
Factuality Level: 8
Factuality Justification: The article provides accurate information from a recent study by the Resolution Foundation on workers’ rights and entitlements in the UK labor market. It cites specific statistics and quotes an expert for context and analysis.
Noise Level: 3
Noise Justification: The article provides relevant information about workers’ rights violations in the UK labor market, including holiday entitlement and payslips. It also offers insights into which sectors and age groups are most affected by these issues. However, it could benefit from more analysis or context on the broader implications of these findings and potential solutions to address the problem.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses the impact on workers’ rights and minimum wage violations in various sectors, which could potentially affect companies’ reputations and legal compliance.
Financial Rating Justification: The article is relevant to financial topics as it discusses labor market practices and potential legal violations that can impact companies’ operations and their treatment of employees.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article, but the issue of workers not receiving holiday entitlement and payslips is a significant concern that affects a portion of the UK workforce.
www.retailsector.co.uk