LoyalFree has today been accredited as a Living Wage Employer. Their Living Wage commitment will see everyone working at LoyalFree receive a minimum hourly wage of £9.90 in the UK, significantly higher than the government minimum for over 23s, which currently stands at £9.50 per hour.
LoyalFree is based in the East Midlands, a region where over a fifth (20.2%) of workers earn less than they need to get by, with over 378,000 jobs paying less than the real Living Wage. Despite this, LoyalFree has committed to pay the real Living Wage and deliver a fair day’s pay for a hard day’s work.
The real Living Wage is the only rate calculated according to the costs of living. It provides a voluntary benchmark for employers that wish to ensure their staff earn a wage they can live on, not just the government minimum. Since 2011 the Living Wage movement has delivered a pay rise to over 300,000 people and put over £1.6 billion extra into the pockets of low paid workers.
Sophie Hainsworth, co-founder of LoyalFree, said: ‘‘We are committed to providing all our employees with a living wage as a minimum and recognise the importance of this, given the increase in the cost of living. We believe that content employees help us to attract and retain the best talent to help us thrive as a business.”
Katherine Chapman, Director, Living Wage Foundation said: “We’re delighted that LoyalFree has joined the movement of almost 9,000 responsible employers across the UK who voluntarily commit to go further than the government minimum to make sure all their staff earn enough to live on.
“They join thousands of small businesses, as well as household names such as Burberry, Barclays, Everton Football Club and many more. These businesses recognise that paying the real Living Wage is the mark of a responsible employer and they, like LoyalFree, believe that a hard day’s work deserves a fair day’s pay.”
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