Living Wage Week: 1st – 7th November
Next week is Living Wage Week and Sobus is proud to announce that it has become a London Living Wage employer. Financially it is a difficult time for voluntary sector organisations and staffing costs are usually be the largest area of expenditure so why are more and more organisations signing up to paying the London Living Wage:
GOOD FOR FAMILIES
The Living Wage affords people the opportunity to provide for themselves and their families.
50% of employees felt that the Living Wage had made them more willing to implement changes in their working practices; enabled them to require fewer concessions to effect change; and made them more likely to adopt changes more quickly.
GOOD FOR SOCIETY
The Living Wage campaign was launched in 2001 by parents in East London, who were frustrated that working two minimum wage jobs left no time for family life.
The causes of poverty are complex and in order to improve lives there should be a package of solutions across policy areas. The Living Wage can be part of the solution.
GOOD FOR BUSINESS
An independent study examining the business benefits of implementing a Living Wage policy in London found that more than 80% of employers believe that the Living Wage had enhanced the quality of the work of their staff, while absenteeism had fallen by approximately 25%. Two thirds of employers reported a significant impact on recruitment and retention within their organisation.
For more information visit The Living Wage Foundation