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Accredited employers display the Living Wage Employer Mark to recognize their commitment to the Living Wage. This includes a plaque, merchandise and digital assets to demonstrate that they are a responsible employer to their staff and networks.
In order to become an accredited Living Wage Employer, you need to pay all of your directly employed staff a Living Wage, and have a plan in place to extend that to regular sub-contracted staff as well.
By paying the real Living Wage, employers are voluntarily taking a stand to ensure their employees can earn a wage which is enough to live on. Accredited employers display the Living Wage Employer Mark to recognize their commitment to the Living Wage.
By increasing the cost of employing low-wage workers, a higher minimum wage generally leads employers to reduce the size of their workforce. However, for certain workers or in certain circumstances, employment can increase. Changes in employment would be seen in the number of jobless, not just unemployed, workers.
Who pays the Living Wage? There are nearly 6,000 Living Wage Employers, including more than 1/3 of the FTSE 100 and household names including Ikea, Aviva, Nationwide and Everton FC.
National Living Wage v real living wage The National Living Wage is the legally binding hourly rate for workers aged 25 and over. It was set at £8.21 an hour in April 2019 and is reviewed every year just like the National Minimum Wage (for under 25s).
National living wage to increase nearly 5% from April 2019. The national living wage, the statutory national minimum wage for those aged 25 and over, will increase 4.9% from 1 April 2019, from £7.83 to £8.21.
Today the government announced the national living wage is to rise by 6.2% in April 2020 to £8.72. This rate will apply to workers over 25 only. Katherine Chapman, Director of the Living Wage Foundation, said: Today's announcement will be welcome news for low paid workers.
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