Reward Strategy. Incoporating Payroll World.

Voluntary Living Wage increases

Voluntary Living Wage employers should be aware of the announcement on 6 November that sees the rates increase. Note that paying staff at this Living Wage is voluntary but paying them at the National Living Wage is mandatory.

TwitterLinkedIn

The Living Wage

 

This increases by 3.6% (30p) from £8.45 per hour to £8.75.

 

The London Living Wage

 

This increases by 4.6% (45p) from £9.75 per hour to £10.20.

 

Employers now have a six-month window to uplift their 2016 rates to the ones announced in November 2017 to remain an accredited Living Wage employer.

 

See the useful and updated guidance on the Living Wage Foundation’s website.

 

I make no comment save to compare the above rates to the National Living Wage hourly rate of £7.50 per hour and suggest you make your own conclusions.

TwitterLinkedIn
Add New Comment
LoginRegister

You might also like

Speak up, step up: Progress in payroll by vocalising your value

Speak up, step up: Progress in payroll by vocalising your value


OpRA oversight to be amended for 2019

OpRA oversight to be amended for 2019


The Rewards 2018: Free entry extension

The Rewards 2018: Free entry extension


Reviewing reward: Are we fulfilling your needs?

Reviewing reward: Are we fulfilling your needs?

LATEST PAYROLL AND REWARDS NEWS IN YOUR INBOX

Reward Strategy
Reward Strategy RSS

Did you find our website useful?

Thank you for your input

Thank you for your feedback

reward-strategy.com - an online news and information service for the UK’s payroll, reward, pensions, benefits and HR sectors. reward-strategy.com is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Reward Strategy is committed to diversity in the workplace.
© Copyright Shard Financial Media Ltd