London Living Wage: a win-win for employees and business
The Living Wage movement in London has continued to grow with the number of accredited London Living Wage Employers increasing six-fold since 2016.
Good for employees
The London Living Wage has never been more crucial for workers, offering security and stability to the cost-of-living crisis at a time when everyday living costs continue to rise.
Good for business
For businesses, paying the London Living Wage makes good commercial sense.
Employers report improved staff retention, and recruitment, reducing the cost of doing business. As a responsible business approach, it also helps boost business’ reputation, attracting investors and employees. For some, it has helped win contracts or funding.
Half of FTSE 100 companies are accredited, along with well-known names such as Aviva, Burberry, London Stadium, Brentford FC, the Royal Albert Hall, and IKEA.
Small businesses are also making their mark – Dusty Knuckle Bakery, Greenwich Pantry and Rosslyn Coffee are just some of London’s SMEs joining this great cause.