As an accredited Living Wage employer Morganstone welcomes the increase in UK and London rates announced by the Living Wage Foundation today as part of Living Wage Week (November 5th-11th 2017). The new UK rate of £8.75 will apply to all staff at Morganstone over 18.
In its second year as part of a movement of over 3,500 employers who voluntarily opt-in to paying the real Living Wage, Morganstone has committed to the increase which will be implemented within in six months. Morganstone is one of only five construction companies in Wales to be an accredited Living Wage employer.
Ian Morgan, Managing Director, Morganstone said
“We are proud to implement this increase in pay. It’s a win-win for us and not only helps our employees afford to live with dignity but also helps our business by improving motivation, and retaining and attracting a quality workforce.”
The real Living Wage is independently-calculated based on what employees and their families need to live. That is why it is higher than the government minimum wage. The calculation is overseen by the Living Wage Commission, based on the best available evidence on living standards in London and the UK. The Commission was set up in January 2016 and is appointed by the Living Wage Foundation. It is drawn from leading Living Wage employers, trade unions, civil society and independent experts. It applies to all workers over 18 – in recognition that young people face the same living costs as everyone else.
Katherine Chapman, Director of the Living Wage Foundation said:
“Year-on-year, we see organisations and businesses across the UK embracing the real Living Wage as they recognise that a fair day’s pay is not only the right thing so to but can improve the quality of staff’s work, reduce absenteeism and increase motivation and retention.”
“Today’s increase acknowledges that the cost of living continues to rise for workers everywhere and the leadership shown by businesses who welcome this is a cause for celebration during Living Wage Week, sending a positive message to the business community to show what others can achieve.”