MORE employers in Warrington are offering a 'real' living wage than before, new figures show.
The statistics suggest that more and more employers in the town have signed up for the voluntary living wage scheme over the past year.
The real Living Wage has never been more important.
— Living Wage Foundation (@LivingWageUK) August 10, 2022
With more and more people struggling to keep their heads above water, the real Living Wage is a lifeline, as the only UK wage rate that is calculated on living costs. New rates announced 22 Sep.https://t.co/eCvxeWkt00 pic.twitter.com/oucKHXq5R3
At the beginning of July this year, there were 28 employers in Warrington that were accredited by the Living Wage Foundation, up from seven in 2017.
This is a 400 per cent increase in five years.
A 'real' living wage is calculated by the Living Wage Foundation and is attached to the cost of living, meaning it is higher than the national minimum wage.
Across the UK, the 'real' wage is set at £9.90 per hour - in London, it is £11.05, which reflects the capital's higher costs.
In comparison, the minimum wage set by the government for over-23s is £9.50 per hour and £9.18 for over-21s.
New report by @resfoundation for the Living Wage Foundation on #pension saving finds workers in higher paid occupations more likely to save at levels likely to deliver an acceptable standard of living in #retirement.https://t.co/Aa0bZhTCEl pic.twitter.com/QTeQNyxv34
— Living Wage Foundation (@LivingWageUK) July 28, 2022
Katherine Chapman, director of the Living Wage Foundation, said paying a 'real' living wage was not just "the right thing to do for struggling workers and families, but it’s also good for businesses, with employers benefitting from greater staff morale and productivity, and reduced staff absenteeism and turnover."
Across the North West, there are now 985 'real' wage employers, which is up from 273 in 2017.
Average real wage in the UK has dropped 3% in second quarter due to surging inflation#UnitedKingdom #Wages #Inflation #LabourMarket pic.twitter.com/ZNXAK61m74
— Money Talks (@TRTMoneyTalks) August 16, 2022
A spokesperson for the Department of Business, Energy and Industrial Strategy said: "We know the pressures people are facing with rising costs, which is why we have continually taken action to help households by phasing in £37 billion worth of support.
"In the long-term, we are committed to building a high skilled, high wage economy that delivers on our ambition to make the UK the best place in the world to work."
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