Posted on 6th November 2023
by Jacqui Vear
It’s Living Wage Week, 6th to 12th November 2023.
To be honest, any week of any year is a good time to learn about the Living Wage, and accreditation to it, if you’re as proud to fly this flag as we are!
The Living Wage is a voluntary agreement made by employers who believe their team should be paid a wage that reflects the true cost of living. An hourly rate for basic pay is determined each year by the Resolution Foundation and overseen by the Living Wage Commission. There is a London supplement to the rate determined for the UK.
These hourly rates exceed the Minimum Wage, the Government’s minimum hourly rate for under 23’s and the National Living Wage, the Government’s equivalent for those aged 23 or over.
Over 460,000 employees have received a pay rise because of the Living Wage campaign.
Knowing that Systematic has paid the Living Wage for some time, we decided to become an Accredited Living Wage Employer in 2018. Each year we pay a relatively small amount to the charity that is the Living Wage Foundation. This gives us access to their advice, whilst supporting their cause and campaigning.
Our hope is that this action inspires our contacts to do the same. We’re in good company, amongst many SMEs as well as half of the FTSE 100 companies and some big household names. Our brands site alongside one another on the Living Wage Foundation website and employer map!
For more from The Living Wage Foundation themselves, click here.
We work hard to do the best that we can for our team, suppliers, community and the environment around us. For more insights on our values, click here. Because we have so much to share on the sustainability theme, that information is on another link, click here.