What is the Living Wage as an annual salary?

Fri, 10/31/2014 - 18:45 -- Sarah Vero

We don’t publish the Living Wage as an annual salary as the requirement is that the Living Wage is paid for each hour worked.

You can work out the annual salary by calculating LW x hours worked per week x 52.

For example the UK Living Wage as an annual salary might be £8.45 x 37.5 x 52 = £16,477.50 and the London Living Wage as an annual salary might be £9.75 x 37.5 x 52 = £19,012.50

Where a salary calculation is used accredited employers must also ensure that they pay the Living Wage for each hour of over-time worked.