At Wise Property Care we have always believed that a key aspect of a successful business is happy employees. For that reason we always try to reflect the gratitude we have for our employees with the wages we pay.
With that in mind, I am delighted to say that Wise have been officially recognised by the Living Wage Foundation as a Living Wage Employer.
This status is something we would have qualified for quite some time ago, but it is nice to have an official seal of approval to let the public know that we are a workplace committed to fair treatment and pay.
Read on to find out why I believe the living wage is great, not only for employees, but also for clients and customers.
What is the Living Wage?
The Living Wage currently stands at £7.85 an hour. To qualify as a Living Wage Employer this has to be the lowest wage paid at your company. This wage is said to be the minimum amount a person would need to earn in the UK to enjoy a reasonable quality of life.
It is not compulsory like the current minimum wage that sits at £6.50 for employees aged 21 or over.
Good for business?
Independent studies have found that more than 80% of employers who pay the living wage or above have noticed an increase in the quality of the work of their staff. This is vitally important to me because Wise Property Care have built our reputation on exceeding our client’s expectations. With a happy and motivated work force that is willing to go the extra mile, we should always be able to achieve our ambitions.
75% of employers also reported a significant impact on recruitment and retention within their organisation, along with a greater retention rate among contractors. Again, I find this to be significant. When we attract the best employees and contractors in the business we want to keep them in the Wise family.
Now that we have full Living Wage status we will, of course, be letting people know about it. Livingwage.org sent us a nice plaque to put up in the head office, but most importantly we can now say that we are an official Living Wage Employer on future job advertisements, hopefully demonstrating the sort of company we are to future recruits to TeamWise.
Thanks for reading, and until next time...