We’re officially a Living Wage employer!


 

We’re officially a Living Wage employer!

 

We’re very proud to announce that we’re now an accredited Living Wage employer. This means that as a business we’ve made the conscious decision to ensure that our employees and contracted workers are paid a fair day’s wage. The real Living Wage is independently calculated on an annual basis and is based on the best available living standards in the UK.

 

The Living Wage accreditation is awarded by The Living Wage Foundation, which is an independent organisation that recognises UK businesses who demonstrate a commitment to ensuring their employees and contractors are paid a wage that provides a comfortable standard of living.

 

As a business, we’ve always wanted to reward the hard work and dedication shown from of our employees, and by making a commitment to join an established and recognised organisation such as The Living Wage Foundation we hope to encourage other businesses in the facilities management sector to make a similar promise to their employees.

 

The real Living Wage is an hourly rate that is calculated according to the cost of living in the UK and is the only wage rate that is voluntarily paid by more than 6,000 UK businesses who believe their employees deserve a fair day’s pay.

 

So…what is the Real Living Wage?

 

The real Living Wage is an hourly rate that is calculated according to the cost of living in the UK and is the only wage rate that is voluntarily paid by more than 6,000 UK businesses who believe their employees deserve a fair day’s pay. Accredited employers make a commitment to pay the real Living Wage which is higher than the government minimum.

 

In 2016 the government introduced the ‘National Living Wage’, which is currently £8.72 per hour for over 25’s. The real Living Wage is independently calculated and based on actual living costs and is currently £9.30 per hour in the UK (£10.75 in London). The difference between the ‘National Living Wage’ and the ‘real Living Wage’ is that the government’s ‘National Living Wage’ is not calculated according to what employees and their families need to live. Instead, it is based on a target to reach 66% of median earnings by 2024. Under current forecasts, this means a rise to £10.50 per hour by 2024. For under 25s, the minimum wage rates also take into account affordability for employers.

 

For reference the 2020 numbers are:

Living Wage Employer | IPSERV - Facilities Management

 

The real Living Wage rates are higher because they are independently calculated, and based on what people actually need to get by. This is a fairer calculation and one that ensures our employees earn a wage that meets the costs of living, not just the government minimum.

 

Since 2016 over 240,000 employees have received a pay rise as a result of the Living Wage campaign. Living Wage employers accredited with the Foundation including 40% of FTSE 100 companies and household brands including Google, Ikea, Aviva and Nationwide.

 

The Living Wage Foundation is the organisation at the heart of an independent movement of businesses and people that campaign for the idea of a fair day’s pay. They celebrate and recognise the leadership of responsible employers who choose to go further and pay a real Living Wage based on the cost of living.

 

Since 2016 over 240,000 employees have received a pay rise as a result of the Living Wage campaign. Living Wage employers accredited with the Foundation including 40% of FTSE 100 companies and household brands including Google, Ikea, Aviva and Nationwide.

 

They offer accreditation to employers that pay the independently calculated real Living Wage rates to all employees across the UK, or those committed to an agreed timetable of implementation, by awarding the Living Wage Employer Mark.

 

Here’s a video explaining the Living Wage:

 

What does the Living Wage accreditation mean for our business?

 

The Living Wage accreditation means that as a business we make a commitment to paying the real Living Wage to our employees and contractors. We have also made a commitment to implement the annual calculated increases in the real Living Wage which are released every November.

 

Why did we do it?

 

As a business, this was an easy commitment for us to make as we are passionate about our employees and want to show our dedication to supporting them by providing this assurance to them.

 

Our commitment to join the Living Wage campaign was also quite easy for us to implement, as we were already paying our employees the ‘real Living Wage’ – this accreditation from the Living Wage Foundation is now our formal commitment to our employees to show them that we are as dedicated to them as they are to us.

 

If your business hasn’t signed up to become a real Living Wage employer yet and you would like to know more, visit: www.livingwage.org.uk/

 

David Hollingsworth

Marketing Manager

ipserv.co.uk

 


 

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