The London Living Wage is an hourly rate of pay that has been calculated for workers in London that should allow workers to provide for their families, pay for essentials and save.
The rate is currently £9.75 an hour
This is significantly different from the UK Living Wage, which currently is £8.45 an hour.
Unlike the National Minimum wage, the Living Wage, and the London Living Wage rates of pay are not mandatory and is at the discretion of the employer.
Are there benefits to the employer?
Why would an employer choose to pay above the National Minimum Wage, and opt for the London Living Wage? Well the benefits to the employer include:
- see reduced absenteeism and sick leave
- find it easier to recruit and retain staff
- see a huge boost to staff morale and productivity
- see improved brand awareness as an ethical employer
What are the benefits to the employee?
- Employees are able to afford the things they need to live (a decent meal, warm home and the odd treat)
- Feeling valued by their employer
- Improved job satisfaction
- More willing to implement changes in the workplace
For more information on the London Living Wage, take a look at the Living wage website, and see the benefits to your business and your employees
http://www.livingwage.org.uk/what-living-wage
Contact us
Contact the payroll team by completing the form on our website. Alternatively you can call us on 020 8977 3559 at our Hampton Wick office to speak to an adviser.
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