The increases in rates, announced by the Living Wage Foundation as part of Living Wage Week, have been welcomed by Stockport Homes, an accredited Living Wage employer.
Living Wage Week runs from November 5th-11th 2017.
Stockport Homes has committed to the increase – independently calculated to meet the cost of living – which will be implemented within six months.
This is Stockport Homes second year as part of a movement of over 3,500 employers who voluntarily opt-in to paying the real Living Wage.
Di Laming, Head of People and Organisational Development, Stockport Homes said:
“We are proud to implement this increase. It not only helps our employees but also helps our business by improving motivation, and retaining and attracting a quality people to be part of Stockport Homes.”
Katherine Chapman, Director of the Living Wage Foundation said:
“Year-on-year, we see organisations and businesses across the UK embracing the real Living Wage as they recognise that a fair day’s pay is not only the right thing to do but can improve the quality of staff’s work, reduce absenteeism and increase motivation and retention.”
“Today’s increase acknowledges that the cost of living continues to rise for workers everywhere and the leadership shown by businesses who welcome this is a cause for celebration during Living Wage Week, sending a positive message to the business community to show what others can achieve.”
Living Wage Week is a UK-wide celebration of the campaign for a real Living Wage that meets the cost of living and the network of Living Wage employers. It takes place each year during the first week of November. This year it runs from Sunday 5th November to Saturday 11th November.
The new UK and London Living Wage rates are announced every year on the Monday and rates are announced simultaneously in cities around the UK whilst the London rate is announced by the Mayor of London.
The calculation of the independent Living Wage rates is overseen by the Living Wage Commission, based on the best available evidence on living standards in London and the UK. The Commission was set up in January 2016 and is appointed by the Living Wage Foundation. It is drawn from leading Living Wage employers, trade unions, civil society and independent experts.