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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.

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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.

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