Wetton are a Recognised Service Provider proudly working with the Living Wage Foundation to promote the real Living Wage. We believe in paying a decent wage to our staff, who carry out vital work for many organisations, and therefore always provide a Living Wage costed bid to all our clients. This gives them the chance to decide if the Living Wage is right for their organisation. We also pay the Living Wage to all staff in our head office and core functions.
What is the Living Wage?
The real Living Wage is an independently calculated, voluntary rate of pay that is based on the cost of living. It is higher than the government’s minimum and thousands of companies choose to pay these rates to their staff.
The real Living Wage rates 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.
Current Rates, as announced in November 2021 are, £9.90, with a higher rate of £11.05 in London, reflecting the higher cost of living in the capital. We will be implementing these new rates with in 6 months of this announcement and will be writing to our clients that have signed up to the Living Wage to advise them of the dates for implementation.
For those clients that do not yet sign up to the Living Wage we will look to provide you with the costs to meet the Real Living Wage upon your contracts. Alternatively please contact us if you wish your contract to be accredited to the Living Wage.
Why Pay It
- 93% of businesses have benefitted since accreditation
- 86% say it has improved the reputation of the business
- 75% say it has increased motivation and retention rates for employees
- 64% say it has helped differentiate themselves from others in their industry
- 58% say it improved relations between managers and their staff
More information can be found at the Living Wage website, www.livingwage.org.uk