With decent pay employees thrive and so do businesses.
What are the business benefits of paying the real Living Wage?
There is widespread recognition that happier and well-supported employees are more productive and motivated. We also know paying a real Living Wage helps employers to differentiate themselves in competitive markets, retain existing staff and attract new staff. Over half of employers said paying a real Living Wage has improved the quality of applications for jobs.
Over a third of employers also reported that the Living Wage helped the organisation secure contracts and funding.
There's a whole suite of business benefits say Living Wage Employers
We surveyed 1532 accredited Living Wage Employers and 94% reported having benefitted from their accreditation, with a vast number of benefits from improved recruitment to reputation. Read our report to get a full picture of the benefits being accredited can have.
The business case is clear. Over 16,000 UK employers have decided to pay a real Living Wage and seek accreditation across a wide range of organisation sizes and industries. You can find more information on how this has been achieved and implemented through case studies from our movement of employers. Read our reports below for more information on the business case from large employers to SMEs.
“Introducing the Living Wage is not only the right thing to do for our co-workers, it also makes good business sense. This is a long-term investment in our people based on our values and our belief that a team with good compensation and working conditions is in a position to provide a great experience to our customers.”
How the Living Wage benefits workers
Hundreds of thousands of workers and families have benefited from the Living Wage. Earning a wage that provides a decent standard of living allows workers to spend more time with their families, save for the future, and improve their mental health and life outside of work.
Find out the difference earning a real Living Wage can make to people.
