We have now become accredited with the Living Wage! This means that each year an employee’s wage is calculated based on the cost of living in the UK for anyone over the age of 18. This has benefits for both employer and employee.
Research undertaken by the Living Wage Commission has shown that for an employer accredited to the Living Wage there is a 25% fall in absenteeism as well as 80% of employers believing that implementing the Living Wage has enhanced the quality of the work of their staff. This has also been confirmed by the employees, 75% of whom reporting that there is an increase in the work quality since receiving the Living Wage.
The Living Wage has also been found to have an impact on the wider community as it enables workers more time to spend with family and friends and contribute positively to their communities.
Some information from the Living Wage website:
- Only the real Living Wage is independently calculated each year based on what employees and their families need to live
- The current UK Living Wage is £8.75 an hour
- The current London Living Wage is £10.20 an hour
- Employers choose to pay the real Living Wage on a voluntary basis
- The rates apply to all workers over 18 – in recognition that young people face the same living costs as everyone else
- The real Living Wage that meets the cost of living enjoys cross party support, with public backing from MSPs and MPs across the political spectrum
- Paying a wage that is enough to live on is good for business, good for the individual and good for society
- The Living Wage Employer Mark and Service Provider Recognition Scheme provide an ethical badge for responsible pay
There are currently 4,400 businesses who voluntarily pay their staff the real living wage – now we can say we are one proud to be of them!