Rapid Fire Supplies has today been accredited as a Living Wage Employer. Our commitment will see everyone working at Rapid Fire Supplies receive a minimum hourly wage of £9.30 in the UK or £10.75 in London. Both rates are significantly higher than the government minimum for over 25s, which currently stands at £8.72 per hour.
The real Living Wage is the only rate calculated according to the costs of living. It provides a voluntary benchmark for employers that wish to ensure their staff earn a wage they can live on, not just the government minimum. Since 2011 the Living Wage movement has delivered a pay rise to over 230,000 people and put over £1 billion extra into the pockets of low paid workers.
” We are proud to join the Living Wage foundation, ethical trading is a major part of why we exist.”Nicola Little, Co-Owner
Katherine Chapman, Director, Living Wage Foundation said: “We’re delighted that Rapid Fire Supplies has joined the movement of over 6000 responsible employers across the UK who voluntarily commit to go further than the government minimum to make sure all their staff earn enough to live on.
They join thousands of small businesses, as well as household names such as Burberry, Barclays, Chelsea and Everton Football Clubs, Lush and many more. These businesses recognise that paying the real Living Wage is the mark of a responsible employer and they, like Rapid Fire Supplies, believe that a hard day’s work deserves a fair day’s pay. “
The real Living Wage is the only rate calculated according to the amount people need to make ends meet. It provides a voluntary benchmark for employers that choose to take a stand by ensuring their staff earn a wage that meets the costs and pressures they face in their everyday lives.
The UK Living Wage is currently £9.30 per hour. There is a separate London Living Wage rate of £10.75 per hour to reflect the higher costs of transport, childcare and housing in the capital. These figures are calculated annually by the Resolution Foundation and overseen by the Living Wage Commission, based on the best available evidence on living standards in London and the UK.
The Living Wage Foundation is the organisation at the heart of the movement for businesses, organisations and individuals who campaign for realistic pay. The Foundation receives guidance and advice from the Advisory Council and is supported by the principal partners; Aviva, IKEA, Joseph Rowntree Foundation, KPMG, Linklaters, Nationwide, Nestle, Resolution Foundation, Oxfam, Trust for London, People’s Health Trust and Queen Mary University of London.
What about the Government’s national living wage?
In July 2015 the Chancellor of the Exchequer announced that the UK Government would introduce a compulsory ‘national living wage’. This new government rate is a new minimum wage rate for staff over 25 years old. It was introduced in April 2016 and as of April 2018 the rate is £8.21 per hour. This rate is different to the Living Wage rates calculated by the Living Wage Foundation. The government rate is based on median earnings while the Living Wage Foundation rates are calculated according to the cost of living in London and the UK.