Living wage week takes place from 9 November to 15 November 2020 and is the annual celebration of the Living Wage movement in the UK. The movement is made up of employers, experts, organisations and people who all believe that a hard day’s work deserves a fair day’s pay.
What are the business benefits of paying the real living wage?
- 58% of businesses say it improved relations between managers and their staff
- 75% say it has increased motivation and retention rates for employees
- 86% say it has improved the reputation of the business
The Living Wage rates are independently calculated based on the real cost of living in the UK and London.
The new rates for 2020/21 are:
- £9.50 per hour UK rate
- £10.85 per hour London rate
Find out how your business can take part by visiting the Living Wage website.
Covid-19 Update for Living Wage Employers
Many Living Wage Employers will be facing tough decisions. If you are a Living Wage Employer and are concerned about your Living Wage commitment as a result of the current challenges, the Living Wage Foundation want to hear from you, fill in their contact form here.
Why not visit the Business Wales Responsible Business pages to find out how being a responsible business can benefit your staff and have a positive impact on your business.