We are proud to say that we pay the Living Wage!
But a lot of you might be asking what is the Living Wage?
In 2016 the government introduced a higher minimum wage rate for all staff over 25 years old, inspired by the Living Wage campaign – they named it the ‘national living wage.’
But this was not calculated according to what employees and their families need to live but rather based on a target to reach 60% median earnings by 2020. This means a rise to only less than £9 per hour by 2020…
The actual Living Wage is higher, it’s independently-calculated based on what people need to live, that’s why all employers are encouraged to pay this – and risual is one of them!
Over 180,000 employees have received a pay rise as a result of the Living Wage campaign and risual is proud to support this movement.
Why all businesses should pay the Living Wage?
We support the Living Wage campaign and encourage all businesses who are not paying the Living Wage to pay it and here’s why:
- 86% of businesses say it has improved the reputation of their 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
- 87% think companies should voluntarily pay the Living Wage