Monday, November 5, 2018

Paying employees to meet cost of living!

The so-called "National Living Wages," much vaunted by Governments underestimates what is actually required to live and often fails to keep-up with inflation.


Intelliconnect have become accredited Living Wage employers. The Living Wage Foundation is a movement made up of over 4,400 organisations, businesses and people across Britain, who believe that a hard day's work deserves a fair day’s pay and aims to ensure that everyone can earn enough on which to live.

In April 2016 the British government introduced a higher minimum wage rate for all staff over 25 years of age inspired by the Living Wage campaign, even calling it the ‘national living wage’. However, the government's 'national living wage' is not calculated according to what employees and their families need to live. Instead, it is based on a target to reach 60% of median earnings by 2020. Under current forecasts this means a rise to less than £9 per hour by 2020. For under 25s, the minimum wage rates also take into account affordability for employers.

The real Living Wage rates are higher because they are independently-calculated based on what people actually need to get by. Employers that can afford to do so are being encouraged ensure their employees earn a wage that meets the costs of living, not just the government minimum.

Roy Phillips, Managing Director of Intelliconnect, comments, "Our continued success is completely dependent on our workforce and we intend to ensure that all of them and any sub-contractors we use are paid a fair, living wage. After a year of exceptional sales growth we are relocating both our sales and engineering and production facilities to larger premises and will be recruiting new staff at all levels including offering apprenticeships”

The Living Wage Foundation recognises and celebrates the leadership shown by Living Wage Employers across Britain and is the organisation at the heart of the independent movement of businesses and people that campaign for the idea that a hard day’s work deserves a fair day’s pay. They celebrate and recognise the leadership of responsible employers who choose to go further and pay a real Living Wage based on the cost of living, not just the government minimum

The Foundation is supported by a network of Principal Partners made up from major commercial, financial, fashion, education and charitable organisations.

• Our Irish readers may be interested in the local Living Wage organisation based at Ozanam House, 53 Mountjoy Square, Dublin. 
In Ireland the "Minimum Wage" is €9.55 per hour whereas the independently calculated "Living Wage" is €11.90 per hour.

 @Intelli_Connect  #PAuto  @LivingWageUK

No comments:

Post a Comment