We are pleased to announce that we have been accredited as a Living Wage employer.
The Living Wage commitment will see everyone working at Stockport Homes, regardless of whether they are permanent employees or third-party contractors; receive a minimum hourly wage of £8.25 - significantly higher than the national minimum wage of £6.70 and the new minimum wage premium for over 25s of £7.20 per hour that was introduced in April.
Stockport Homes has also embedded into procurement processes that contractors pay the Living Wage, or if they would be willing to implement the Living Wage for their staff. The Living Wage Foundation will be working with the organisation to put a plan in place to achieve this over the next three years.
The Living Wage is an hourly rate set independently and updated annually. The Living Wage 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.
David Wright, Chair of Stockport Homes’ Board says,
All Stockport Homes directly employed staff are paid at least the Living Wage, and we also encourage our contractors to do the same for their staff. I am proud to be part of an organisation that recognises the importance of paying the living wage to all staff.
Employers choose to pay the Living Wage on a voluntary basis. The Living Wage enjoys cross party support, with public backing from the Prime Minister and the Leader of the Opposition.
Living Wage Foundation Director, Katherine Chapman said,
We are delighted to welcome Stockport Homes to the Living Wage movement as an accredited employer.
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 2,500 leading employers, including Stockport Homes, 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. Customers expect better than that.