The Living Wage is an hourly pay rate which is calculated for the Living Wage Foundation and updated every October.
The Living Wage is enough to ensure that employees and their families can live free from poverty.
It is a voluntary scheme.
Employers who sign up to the Living Wage commit to pay it to all staff over the age of 18 who work regularly on their premises. This includes employed, contracted and subcontracted staff.
The Living Wage is higher than the government's National Living Wage, which replaced the National Minimum Wage for employees over 25 in April 2016.
The Living Wage outside London is £8.45 an hour. If an employee works a 37 hour week, this would mean a minimum annual pay of £16,258.
From April 2018, the Living Wage outside London is £8.75 an hour. If an employee works a 37 hour week, this would mean a minimum annual pay of £16,835.
Oxford Living Wage
Because of the high costs of living in Oxford, we have set a separate Oxford Living Wage based on the Living Wage. We pay this to all our staff and agency workers working for us.
We also require all contractors with contracts over £100,000 to pay the Oxford Living Wage to their staff and subcontractors.
We believe this benefits staff, employers and the wider Oxford economy.
The Oxford Living Wage is £9.26 an hour. If an employee works a 37 hour week, this would mean annual pay of £17,816.
From April 2018, the Oxford Living Wage is £9.69 an hour. If an employee works a 37 hour week, this would mean a minimum annual pay of £18,644.
Why employers should pay the Living Wage
More than 3,500 employers are signed up to the Living Wage scheme, which offers a number of business benefits to employers:
- 80% of employers believe that the Living Wage has improved their staff’s quality of work
- Better loyalty and customer service, and fewer complaints
- Absenteeism down by a quarter
- Better retention of staff and lower human resources costs
- 70% of employers think that the Living Wage has increased consumer awareness of their commitment to be an ethical employer
How to apply for Living Wage accreditation
Living Wage accreditation is confirmed by a licence signed between the Living Wage Foundation and an employer.
For more details, contact the Living Wage Foundation.