Our accredidation of the Living Wage
About our committment to fair and equal pay
As a values-driven business, Rapid Fire Supplies vision is to ‘We exist to provide uncompromising customer service’. We believe to achieve this we need to ensure our people feel as valued as we do for our customers. We believe in paying a meaningful wage for all of our co-workers and making a positive impact on their lives, irrelevant of their position, age or location. At Rapid Fire Supplies, we are proud to pay the real Living Wage and view it as a worthwhile investment in our people. They are our most valuable asset, and we believe that having happy co-workers will ultimately lead to our customers receiving a great experience when they shop with us.
THE ONLY UK RATE BASED ON LIVING COSTS
The real Living Wage is the only UK wage rate that is voluntarily paid by 7,000 UK businesses who believe their staff deserve a wage which meets everyday needs – like the weekly shop, or a surprise trip to the dentist.
Over 250,000 employees have received a pay rise as a result of the Living Wage campaign and we enjoy cross-party support. We have a broad range of employers accredited with the Foundation including 2/5 of the FTSE 100 and big household names including Nationwide, Google, Brewdog, Everton FC and Chelsea FC.
The rates for 2020/21 were announced on Monday 9th November 2020. Employers should implement the rise as soon as possible and within 6 months. All employees should receive the new rate by 9th May 2021.
DO I EARN THE REAL LIVING WAGE?
In April 2016 the government introduced a higher minimum wage rate for all staff over 25 years of age inspired by the Living Wage campaign – even calling it the ‘national living wage’.
However, this wage is not calculated according to what employees and their families need to live. Instead, it is based on a target to reach 66% of median earnings by 2024. Under current forecasts this means a rise to £10.50 per hour by 2024. For under 25s, the minimum wage rates also take into account affordability for employers.
The real Living Wage rates are higher because they are independently-calculated based on what people need to get by. That’s why we encourage all employers that can afford to do so to ensure their employees earn a wage that meets the costs of living, not just the government minimum.