We’re very pleased to announce we are now a recognised Living Wage service provider.
Here at Heath and Wiltshire we are very pleased to say that we are now a registered service provider for the Real Living Wage. We believe this will not only be a benefit to our workforce, by ensuring they earn a wage which provides enough for them to live on, but will also result in a better service for our clients through staff retention and a high quality team.
What is the Real Living Wage?
In April 2016 the government introduced a higher minimum wage rate for all staff over 25 years of age inspired by the Living Wage campaign – even calling it the ‘national living wage’.
However, 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.
The real Living Wage rates are higher because they are independently-calculated based on what people need to get by. That’s why we encourage all employers that can afford to do so to ensure their employees earn a wage that meets the costs of living, not just the government minimum.
To read more about the Living Wage please click here
Why have we chosen to pay The Real Living Wage?
We believe its not only the correct thing to do for our workforce, but it also makes good business sense. When companies were asked what paying the Real Living Wage had done for their business the response was –
- 86% say it has improved the reputation of the business
- 75% say it has increased motivation and retention rates of staff
- 64% say it has helped differentiate themselves from others in their industry
- 58% say it improved relations between managers and staff
