Housing association adopts living wage
Published by Max Salsbury for 24dash.com in Housing and also in Communities, Finance
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The Regenda Group has announced it is to adopt the living wage, meaning its employees will be paid a minimum of £7.45 an hour.
Calculated as the minimum rate needed to sustain a basic but acceptable standard of living, the living wage is set independently and updated annually. It is currently set at £8.55p/h in London.
Applying to all employees over 18 (excluding apprentices), the new rate will mean lower paid members of the 13,000-home provider's workforce, such as domestics, labourers and gardeners will see their pay rise above the minimum wage, which is currently set at £6.19p/h for over 21s and £4.98 for those aged 18-20.
Ian Gleave, Regenda’s head of human resources and organisational development, said: “Studies have shown that the living wage can have a positive impact not only on individual employees, but on the organisation as a whole. One of the key strengths of our organisation is attracting and retaining high quality staff, enabling us to carry out our wider role within the region."
“Our new Living Wage approach is just one of the ways we show our appreciation for the people we work with. The Living Wage is calculated looking at various factors that reflect the true cost of living in the UK, and provides staff with a much more realistic income than the current minimum wage.”
Back in January, a report by think tanks IPPR and the Resolution Foundation argued that the introduction of the living wage would save the UK billions of pounds.
In June, Spectrum Housing Group's repairs and maintenance subsidiary, Spectrum Property Care, became the first organisation in Dorset to become an accredited living wage employer.
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