The Real Living Wage
Impact – Why The Real Living Wage Matters
Business leaders need to ask themselves can it be right to be comfortably paid but withhold a living wage from people on whom their business depends?
Uplifting to the real living wage for industries that have a high number of people on minimum wage may be a challenge and may need to be implemented over time, but organisations will reap long-term gain in terms of increased retention and a reduction in recruitment costs.
Recognised Service Providers
Recognised Service Providers, as established by the Living Wage Foundation, pay all their directly employed staff that are not tied to client contracts the real living wage. For those employees tied to client contracts, they commit to submit a real living wage bid alongside the market rate they provide. This means the client always has the choice to implement the real living wage at the point of tender.
We want to recognise the commitment of Recognised Service Providers to the real living wage, and their leverage with clients to seek to make this the established pay rate. Therefore, we welcome them because of their genuine commitment to paying the real living wage and will allow them to receive Good Business Charter accreditation on these grounds.
As Employee Component Partner of the Good Business Charter, the CIPD supports the Charter and our focus on caring for employees. The CIPD are the professional body for HR and people development, who champion better work and working lives, and offer a range of resources. Read more about the partnership and what it means for GBC-accredited organisations and CIPD members here.
The Real Living Wage In Practice
Case study: Empowering change through fair pay
