London Living Wage
Good for business. Good for people. Join us in making Lambeth a Living Wage place.
What is the London Living Wage?
The London Living Wage is an hourly wage rate designed to ensure that individuals and families in the vibrant city of London can comfortably cover their essential living expenses, including housing, food, transportation, and more. It's all about ensuring fair pay in a city known for its high cost of living.
“It’s a really simple process to become accredited and will reflect positively on you as a business. Go for it! Lambeth is a rich and diverse borough with so many of the skills businesses and charities need on the doorstep. It’s important to ensure your team feel valued and able to earn a fair wage – particularly amidst a growing cost of living crisis.”
— Lambeth Business Healthy Living Platform
Lambeth to provide grant payment to the first 100 companies who officially register with us as Living Wage employers*
* Eligible businesses are those employing less than 250 people.
Grant will cover 3 years of accreditation fees with the Living Wage Foundation.
89
grants left
A survey of employers signed up in the UK showed:
93%
reported having benefited from their accreditation
86%
say it improved their reputation
62%
say it improved relations between managers and staff
60%
say it improved recruitment of employees into their business
And for employees who receive the real London Living Wage,it’s a
route out of in-work poverty and a life-line to dignity and security.
The London Living Wage broken down
Fair compensation
Employers who choose to pay the London Living Wage are ensuring that their employees earn a wage that is sufficient to cover the basic costs of living in the city. This includes housing, food, transportation, and other essentials. It's a way of demonstrating a commitment to fair compensation.
Employee well-being
By paying the London Living Wage, employers can contribute to the well-being and financial stability of their workforce. When employees earn enough to cover their basic needs, they are less likely to face financial stress, which can improve their overall job satisfaction and productivity.
Talent attraction and retention
Offering the London Living Wage can make a company more attractive to job seekers in a competitive job market. It can also aid in retaining talented employees who may be tempted to leave for higher-paying positions elsewhere.
Ethical and social responsibility
Many employers view paying the London Living Wage as part of their corporate social responsibility. It's a way to demonstrate a commitment to ethical and fair labor practices and to contribute positively to the local community.
Positive public image
Being recognised as a London Living Wage employer can enhance a company's public image. It sends a positive message to customers, investors, and the community, showcasing the company's commitment to social and economic fairness.
Legal compliance
While the London Living Wage is voluntary, it's worth noting that employers must still comply with the legal minimum wage set by the government. Paying the London Living Wage typically means paying above this minimum and showing a willingness to go beyond legal requirements.