The Trafford-based regeneration consortium joins just 26 other businesses across the region who have committed to the minimum rate of pay. The Living Wage is an hourly rate set independently and updated annually, based on the cost of living in the UK. Since its formation ten years ago, the Living Wage campaign has helped lift over 45,000 people out of poverty.
The adoption of a Living Wage policy has been found to have significant benefits both commercially and within wider society. An independent study of the business benefits of implementing a Living Wage policy in London found that more than 80 per cent of employers believe that it had enhanced the quality of the work of their staff, while absenteeism had fallen by approximately 25 per cent. Approximately 66 per cent of employers reported a significant impact on recruitment and retention within their organisation, while 70 per cent of employers felt that the Living Wage had increased awareness of their organisation’s commitment to be an ethical employer.
“Regeneration is the focus of our business and we have a strong commitment to giving everyone in society an equal chance and access to opportunities, and that includes our own organisation too. In line with that pledge, we wanted to ensure our employees receive a wage that is more reflective of today’s cost of living. Our next challenge is to ensure every person who comes into contact with us is paid the Living Wage. We recently encouraged our sub-contractors and suppliers to adopt the initiative and we’ve been encouraged by the support demonstrated so far.”
“The benefits the Living Wage brings to staff and business are clear. I welcome the leadership shown by Procure Plus on this important issue.”