Parental Pay: Labour Turnover
(asked on 19th June 2023) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, if he will make an assessment of the potential impact of raising levels of (a) Statutory Maternity Pay and (b) Statutory Paternity Pay on staff retention.
This question was answered on 27th June 2023
The standard rate of Statutory Maternity Pay (SMP) and Statutory Paternity Pay (SPP) is reviewed annually. From April 2023, we increased the rate of SMP and SPP by September's CPI figure of 10.1 per cent to £172.48. There are no plans to review the impact of raising the rates outside of the annual uprating process.