To work for an employer who has voluntary signed up to the real living wage are set for a 2.8% pay rise this week. In the historic first time, they will receive £9 an hour. Over the age of 25, this is not to be confused with the compulsory National Living Wage, which is currently £7.83 an hour. In London, real living wage employers will pay an extra 3.4% bringing the minimum hourly rate to £10.55. Across the UK 4,700 employers are signed up to the agreement, including large companies including IKEA, Aviva, Nationwide Building Society, and Google.
The real wage not just to staff, but to any sub-contractors as well. For the pay rise, about 180,000 employees will qualify.
Tess Lanning the Living Wage Foundation has said: “ Employers that pay the real living wage enable their workers to live a life of dignifying, supporting, them to pay off debts and meet pressures of rising bills”. He also added “ We want to see local councils, universities, football clubs, bus companies and the other major public and private sector employers in every city commit to becoming real living wage employers”
In the year 2017, the report has revealed that the accountancy firm KPMG found that 22% of jobs now pay less than the real living wake-up from 21 %. It also mentioned that 5.75 million workers earned less than the real living wage, up from 4.78 million five years ago.