Updated to reflect the change to the minimum wage rate in Guernsey, and changes to provincial/territorial rates in Canada, prefecture rates in Japan and cantonal rates in Switzerland.
The national minimum wage (NMW) is often seen as a simple legal requirement: as long as you pay your workers at least the statutory rate, you are meeting compliance requirements. However, the rules are nuanced, and misunderstandings can lead organisations to costly errors, enforcement action and reputational damage.