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Why we celebrate Living Wage Week
Living Wage Week is being celebrated across Britain, and we're proud to be a part of it.
We're pleased to be an accredited Living Wage employer. It means we're involved in the exciting movement, set up by the Living Wage Foundation, to improve working standards.
Thanks to their work, hundreds of thousands of low paid workers have received a meaningful pay rise.
Simply, employers signed up to the scheme believe their staff should be rewarded fairly for their workplace efforts.
“We’re delighted that Everest Media has joined the movement,” said Tess Lanning, Living Wage Foundation director.
“Over 4,000 responsible employers across the UK voluntarily commit to go further than the government minimum to make sure all their staff earn enough to live on.”
She added: “They join thousands of small businesses, as well as household names; such as IKEA, Heathrow Airport, Barclays, Chelsea and Everton football clubs and many more.
“These businesses recognise that paying the real Living Wage is the mark of a responsible employer and they, like Everest Media, believe that a hard day’s work deserves a fair day’s pay.”
How much is a Living Wage and how is it calculated?
The Living Wage Foundation's ‘real’ Living Wage is the only rate calculated according to the costs of living.
It provides a voluntary benchmark for employers who wish to ensure their staff earn a wage they can live on, not just the government minimum.
Companies that make a Living Wage commitment make sure that their employees receive a minimum hourly wage. From 2018, this will be at least £9.00 in the UK, or £10.55 for those working in London.
Both rates are significantly higher than the government minimum for over 25s, which currently stands at £7.83 per hour.
In the South West, more than a fifth of all jobs (21%) pay less than the real Living Wage; around 463,000 jobs. Despite this, we've long committed to pay a 'real' Living Wage and deliver 'a fair day’s pay for a hard day’s work'.
The Living Wage movement, since 2011, has delivered a pay rise to more than 150,000 people and put over £600m extra into the pockets of low paid workers.
Find more information about the benefits of paying a Living Wage. Keep an eye on our Facebook and Twitter feeds too, where we'll be joining the #LivingWageWeek conversation.