ATLANTIC RESOURCE CELEBRATES LIVING WAGE RECOGNITION
The Living Wage Foundation is pleased to announce that Atlantic Resource (Services) ltd. has become a Recognised Service Provider working alongside the Living Wage Foundation.
The Living Wage commitment will see Atlantic Resource (Services) ltd. offer a Living Wage option for each and every request for tender. This will mean that even more organisations can consider paying all of their contracted staff a wage that meets the cost of living. Recognised Service Providers also commit to pay the real Living Wage to all staff working for their core business.
The London Living Wage is currently £10.20 per hour and covers all boroughs in Greater London. The UK Living Wage for outside of London is currently £8.75 per hour. These figures are set annually by the Resolution Foundation.
The Living Wage Foundation recognises and celebrates the leadership shown by employers across the UK. Currently more than 3600 employers commit to paying all of their directly employed and contracted staff the real Living Wage as part of our accredited employer network. Over 100 Recognised Service Providers work with us to offer Living Wage options for contracted staff, ensuring a real Living Wage is always possible when outsourcing services.
Recognised Service Providers are highlighting the benefits of the Living Wage at every possible opportunity.
Living Wage Foundation Director, Katherine Chapman said: “The benefits the Living Wage brings to staff and business are clear. I welcome the leadership shown by Atlantic Resource (Services) ltd. on this important issue.”
Monica Brimacombe; email@example.com
Notes to Editors About the Living Wage Foundation
The Living Wage is an hourly rate set independently and updated annually. The Living Wage is calculated according to the basic cost of living in the UK. Employers choose to pay the Living Wage on a voluntary basis. The Living Wage enjoys cross party support.
The London Living Wage is currently £10.20 per hour. This figure covers all boroughs in Greater London. The UK Living Wage for outside of London is currently £8.75 per hour. These figures are set annually by the Resolution Foundation.
The Living Wage Foundation recognises and celebrates the leadership shown by Living Wage employers across the UK. There are currently over 3600 accredited employers, 100 Recognised Service Providers and 20 Friendly Funders. We are an initiative of Citizens UK. We believe that work should be the surest way out of poverty.
We receive guidance and advice from the Living Wage Advisory Council. The Foundation is supported by ten principal partners: Aviva; Joseph Rowntree Foundation; KPMG; Linklaters; Nationwide; Nestle; Resolution Foundation; Oxfam; Trust for London; IKEA; and Queen Mary University of London.
What about the Government’s national living wage?
In July 2015 the Chancellor of the Exchequer announced that the UK Government would introduce a compulsory ‘national living wage’. This is an increase in the government minimum wage for staff over 25 years old. It was introduced in April 2016 and the rate is £7.50 per hour. The rate is separate to the Living Wage rate calculated by the Living Wage Foundation. The government rate is based on median earnings while the Living Wage Foundation rates are calculated according to the cost of living.
The National Minimum Wage
(including the ‘national living wage’)
- The legal minimum an employee can earn in an hour. Employers break the law if they fail to pay this rate
- The ‘national living wage’ rate is set at £7.50 an hour
- This will increase each year, with the aim of reaching 60% of the median wage across the country by 2020 (this would mean around £9 an hour, but the Low Pay Commission will consider what the market can bear)
- Different rates apply depending on the age of the employee. The ‘national living wage’ is for over 25’s only
- Set by the Low Pay Commission
- Based on an estimation of what the market can bear
- The rates are the same right across the UK
The Living Wage
- A voluntary rate that employers pay in order to go above and beyond the government minimum.
- The current UK Living Wage is £8.75 an hour.
The current London Living Wage is £10.20 an hour
- This will increase in line with the cost of living. Increases are announced in Living Wage Week every year
- The Living Wage is the same for all employees over the age of 18
- Set by the Living Wage Foundation
- Based on the cost of living
- There is a separate rate for London to reflect the higher cost of living in the Capital