Cause4 celebrates becoming a Living Wage employer
The Living Wage Foundation is pleased to announce that Cause4 has today received accreditation as a Living Wage employer.
The Living Wage commitment will see Cause4’s graduate employees, third-party contractors and suppliers; receive a minimum hourly wage of £9.15. This London Living Wage is significantly higher than the national minimum wage of £6.50. For employees based outside of London, Cause4 will commit to paying the UK Living Wage, which is currently set at £7.85 per hour.
The Living Wage is an hourly rate set independently and updated annually. It is calculated according to the basic cost of living using the ‘Minimum Income Standard’ for the UK. Decisions about what to include in this standard are set by the public; it is a social consensus about what people need to make ends meet. Currently, employers choose to pay the Living Wage on a voluntary basis.
Cause4 CEO and Founder, Michelle Wright says “Moving towards the full Living Wage as a basis to pay our staff has been an important development for Cause4. We have grown our business based on developing talented graduates through our Entrepreneurship development programmes looking to support the growth of future leaders for the charity and social enterprise sectors. We currently employ over 30 graduates and the move to Living Wage status has made a huge difference to how we approach recruitment and how valued our staff feel. It also helps us attract a broader, more diverse, field of candidates from all backgrounds. Employed staff should be able to live comfortably and this approach makes a key difference to our ability to attract the best talent from the widest range of backgrounds.”
Living Wage Foundation Director, Rhys Moore said: “We are delighted to welcome Cause4 to the Living Wage movement as an accredited employer. It is wonderful to see Cause4 taking a lead and involving the whole community in this step. The best employers are voluntarily signing up to pay the Living Wage now. The Living Wage is a robust calculation that reflects the real cost of living, rewarding a hard day’s work with a fair day’s pay.
We have accredited over 1,500 leading employers, including Cause4, ranging from independent printers, bookshops and breweries, to well-known companies such as Nationwide, Aviva and SSE. These businesses recognise that clinging to the national minimum wage is not good for business. Employees and customers expect better than that."
The full press release can be viewed here