The Living Wage is a voluntary hourly rate set independently and updated annually by the Living Wage Foundation, and calculated according to the basic cost of living in the UK. By paying the real Living Wage employers are voluntarily taking a stand to ensure their employees can earn a wage which is enough to live on. Many employers also report wider business benefits as a result of investments in staff pay. The current London Living Wage rate, which applies to Croydon, is set at £10.20 per hour (2018). For further support and advice on becoming a Living Wage Employer, visit the Living Wage Foundation website.
Modern slavery can take several forms including forced labour, labour trafficking and hidden third party exploitation of workers. Stronger2gether has published a range of free in-depth resources for businesses so that they can implement measures to deter, detect and deal with exploitation in their business and supply chain. For more information about modern slavery and to download modern slavery guidance resources, visit the Stronger2gether website.
The gender pay gap shows the difference between the average earnings of men and women. It became a statutory requirement in April 2017 for organisations with 250 or more employees to annually report their gender pay gap. Whilst it is not a statutory requirement for SMEs to publish their gender pay gap reports, serious consideration should be given to the business benefits of doing so. For more information and guidance about the gender pay gap and its reporting, visit the ACAS website.