Living Wage


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Living Wage

The lowest wage necessary for a person to be able to provide himself/herself with food, clothing and shelter. A living wage varies from place to place depending on an area's cost of living. A living wage may also bear only a rough resemblance to the minimum wage, which is the lowest wage a company may offer legally. Some jurisdictions, however, have mandated a living wage as the local minimum wage.
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Across the UK, nearly six million people were earning less than the LWF's "real" living wage as of April - 22% of employees.
As well as making the council a competitive employer and a leader in this area, there are also clear business benefits in paying the Living Wage, including higher staff retention, lower absenteeism and better morale as a result.
However, tens of thousands of local government employees across Wales are still paid below the foundation living wage rate.
Living Wage Foundation director Katherine Chapman said: "The new Living Wage rates will bring relief for thousands of UK workers being squeezed by stagnant wages and rising inflation.
Through the Scottish Living Wage accreditation initiative, the Scottish Government is helping ensure peoples basic pay meets the cost of living.
Katherine Chapman, Living Wage Foundation director, said: "The new Living Wage for Wales rate announced today will bring relief for thousands of Welsh workers being squeezed by stagnant wages and rising inflation.
It is thanks to the leadership of more than 3,600 employers across the UK who are committed to paying all their staff, including cleaners and security staff, a real Living Wage.
Great businesses know, even in these tough times, not only is fair pay the right thing to do but paying the real living wage brings big benefits.
The Living Wage pays both our staff and also our suppliers' employees, like cleaners for instance, at the real cost of living, not just the minimum wage.
Beth Farhat, Northern TUC Regional Secretary, said: "The number of living wage employers is growing and unions are playing their part in encouraging more employers to sign up as the benefits of an increased wage to individuals, families and the economy extend well beyond the financial.
Seven out of 10 firms polled reported a positive effect on their brand reputation after paying the Living Wage.
Chief executive Ian McCaig said: "We've long been proud to offer our employees the National Living Wage - it not only reflects our commitment to being a good company to work for, but also ensures that we have the best team in place to provide a great experience for our customers.

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