Social landlord commits to paying living wage
Published by Max Salsbury for 24dash.com in Communities and also in Finance
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Social landlord First Choice Homes Oldham has been accredited as a living wage employer.
Cath Green, FCHO's chief executive, said: “We are one of the largest employers in Oldham and currently directly employ over 400 people. We see it as our moral duty to ensure that every member of staff receives a Living Wage, but the statistics from The Living Wage Foundation show that it also makes good business sense."
Set independently, the LW is calculated as the minimum hourly rate required to sustain a decent standard of life.
It is currently set at £8.80 per hour in London and £7.65ph across the rest of the UK.
An independent study of the business benefits of implementing a LW policy in London found that more than 80% of employers believe that it had enhanced the quality of the work of their staff, while absenteeism had fallen by approximately 25%.
And two thirds of employers reported a significant impact on recruitment and retention within their organisation.
Cath Green added: "We already invest in the wellbeing of our employees, and offer flexible working and a host of in and out of work benefits to promote a positive work/life balance and an engaged and motivated workforce.
"Our accreditation as a living wage employer is another recognition of us being not only the housing provider of choice in Oldham, but an employer of choice.”