Momentum welcomes the new UK Living Wage week rate
As an Accredited Living Wage employer Momentum welcomes the increase in UK and London rates announced by the Living Wage Foundation as part of Living Wage Week (November 5th-11th 2017).
In its Second year as part of a movement of over 3,500 employers who voluntarily opt-in to paying the real Living Wage, Momentum has committed to the increase – independently calculated to meet the cost of living – which will be implemented within six months.
The new UK rate announced by the Living Wage Foundation will apply to all staff at Momentum over 18 and has increased to £8.75 per hour, while for London staff; the rate will increase to £10.20.
STEVE BLACK, HEAD OF OPERATIONS said:
“We are proud to implement the increase of the Living Wage. It’s a win-win for us and not only helps our employees afford to live with dignity but also helps our mission as a charity by improving motivation, and retaining and attracting a quality workforce.”
Katherine Chapman, Director of the Living Wage Foundation said:
“Year-on-year, we see organisations and businesses across the UK embracing the real Living Wage as they recognise that a fair day’s pay is not only the right thing so to but can improve the quality of staff’s work, reduce absenteeism and increase motivation and retention.”
“Today’s increase acknowledges that the cost of living continues to rise for workers everywhere and the leadership shown by businesses who welcome this is a cause for celebration during Living Wage Week, sending a positive message to the business community to show what others can achieve.”
For more information about Living Wage Week go to http://www.livingwage.org.uk/living-wage-week
Living Wage Week is a UK-wide celebration of the campaign for a real Living Wage that meets the cost of living and the network of Living Wage employers.
It takes place each year during the first week of November. This year it runs from Sunday 5th November to Saturday 11th November. The new UK and London Living Wage rates are announced every year on the Monday and rates are announced simultaneously in cities around the UK whilst the London rate is announced by the Mayor of London.
The calculation of the independent Living Wage rates is overseen by the Living Wage Commission, based on the best available evidence on living standards in London and the UK. The Commission was set up in January 2016 and is appointed by the Living Wage Foundation. It is drawn from leading Living Wage employers, trade unions, civil society and independent experts.