Living Wage Week 2021
By James Hudson · Nov 15, 2021
It is a huge week for hundreds of thousands of people across the United Kingdom. This is the week where Living Wage rates are reviewed across the country.
So, let's start with the question, What is the Living Wage?
Well, we all know about the basic minimum wage in the UK. This is the legal requirement for all companies to not pay employees less than this rate. There are many different levels based on your age, but if we take someone aged 18 this is currently £6.56/hour.
Now let's consider you are 18, living in London and studying, whilst working in your spare time. £6.56 is not a huge amount of money to earn. Especially, when you consider London as one of the most expensive cities in the world.
This is where the Living Wage Organisation steps in. Essentially they have worked with thousands of companies right across the country to champion an hourly rate that actually reflects living costs. Each of the companies agrees to pay above minimum wage and supply living wages to their employees. It is a huge achievement and one that is really supported by so many people across the country.
So what are the new rates for 2021: UK Living Wage £9.90, London Living Wage £11.05
The Living Wage Organisation www.livingwage.org.uk have been doing this great work for 20 years and in that time have delivered in excess £1.5billion in extra wages to workers!
Did you know that 93% of University graduates now want to work for Living Wage Employers. 90% of consumers agreed pay should reflect actual living costs.
It is not just employees that support it. 85% of Living Wage Employers have said it has enhanced their reputation as an employer.
Throughout the whole week, the Living Wage Organisation is running a number of events across the country. Make sure you keep an eye out for events in your local area.
We at gigl thoroughly support this movement and work with our companies to educate them about the importance of a living wage.
Across the week we are going to be posting more great stats about the initiative and as soon as the new levels are released we will share them with you all.
Let’s all get behind the movement #LivingWageWeek