Living Wage Employer
The problems associated with low pay:
In 2001 when the Living Wage Movement began, the government’s minimum wage was just £3.70 an hour. At a meeting in East London Citizens UK brought together local institutions to discuss the issues affecting their community, where the issue of low pay was repeatedly raised. Some people were having to work two or three minimum wage jobs and were still struggling to cope.
The Living Wage Campaign and how it helps:
Since then the campaign has grown and there are now approximately 6,000 Living Wage Employers, including 40 per cent of the largest 100 companies listed on the London Stock Exchange, (FTSE 100). In April 2016, the government introduced the “national living wage”, to introduce a higher minimum wage rate for staff aged 25 years and above. This was inspired by the Living Wage movement, however, still doesn’t meet the movements objectives for obtaining a Real Living Wage based on the cost of living.
Railway Project Services:
RPS is pleased to announce today that it is now an accredited Living Wage Employer. You can find us on the map attached to this blog. Becoming a Living Wage Employer is entirely voluntary and at the heart of the Living Wage Movement is the notion that “a hard day’s work deserves a fair day’s pay”.
We decided to become a Living Wage employer because we recognise that the true cost of living in today’s world should be reflected in one’s pay. As you see in the figure below, the Minimum wage is £8.20 for under 25s and the National Living Wage is £8.72. The Real Living Wage is an independently calculated rate of pay, which is updated every year, and unlike the Minimum and National Living Wages, there is a separate calculation for those who live in London, due to an increased cost of living. It also applies to 18 year olds and above, so you don’t have to wait until you are 25 to benefit from the Real Living Wage.
There is still work to be done:
The achievements of the Living Wage campaign have certainly been far-reaching across the UK, however 21% of all workers in the UK are yet to benefit from a real Living Wage.
A positive impact on people’s lives:
Over 180,000 employees have benefitted from a pay-rise since the work of the Real Living Wage campaign began. Figures also indicate higher staff retention rates and this in turn leads to stronger working teams, with more staff committing to the long-term, with an increased sense of value within the firm. At RPS we believe this accreditation will help us to maintain our high staff-retention track record, as it will increase employee motivation and satisfaction.
How you can get involved:
If you would like to find out more on how to help win the war on low wages, visit the Living Wage Foundation website via this link: https://www.livingwage.org.uk/
Thank you for reading.