We are proud to announce that we have been granted accreditation for the Living Wage foundation. It is calculated independently to reflect the cost of living in the capital, giving workers in London and their family enough to afford the essentials and to save.
In 2016 the government introduced the National Living Wage, but unfortunately this is not an accurate Living Wage as it isn’t calculated based on actual living costs. The real Living Wage rates are higher because they are independently-calculated based on what people actually require to get by, day to day.
The real Living Wage is the only UK wage rate that is voluntarily paid by nearly 6,000 UK businesses who believe their staff deserve a fair day’s pay for a hard day’s work. Living Wage Employers pay the real Living Wage which is higher than the government minimum – they also make sure all their employees in London receive the London Living Wage.
Over 180,000 employees have received a pay rise as a result of the Living Wage campaign. There are currently over 6,000 Living Wage Employers, including 40 per cent of the FTSE 100 and renowned businesses including Ikea, Aviva, Nationwide and Everton FC. So far, 80% of employers have seen an increase in the quality of work and satisfaction rates in employers, and 93% of Businesses have confirmed that they have benefited since their official Accreditation.
- 93% University students want to work for living wage employers
- 87% of workers think companies should voluntarily pay the real living wage
- 90% of consumers agree that pay should reflect living costs
- 75% of LW employers confirm an increase in worker motivation and retention rates
“Introducing the Living Wage Is not only the right thing to do for our co-workers; It also makes good business sense. This is a long-term investment in our people based on our values and our belief that a team with good compensation and working conditions is in a position to provide a great experience to our customers.”