Managing Director reaffirms A1 Pharmaceuticals commitment to the ‘Real Living Wage’1st September 2017
Managing Director of A1 Pharmaceuticals Plc Gary Lewis is pleased to confirm that since the introduction of the Real Living Wage (min £8.45) in 2014 that the retention of it’s lowest paid employees has improved and has boosted moral and pride in the company. We are proud to announce that we are the only Pharmaceutical wholesaler in the UK that has introduced this policy.
The rates in the table below are the significantly lower Government National Living Wage (National Minimum Wage). A1 Pharmaceuticals and 30% of the top 100 FTSE companies are committed to paying in excess of £8.45 per hour which is what Gary has coined as the ‘Real’ National Living wage as recommended by ‘The Living Wage Foundation’.
|Year||25 and over||21 to 24||18 to 20||Under 18||Apprentice|
*The living wage foundation recommends a minimum of £8.45 per hour. A1 Pharmaceuticals minimum wage is also significantly higher for all employees with 2 year service or higher.
Managing Director Pharmacist Gary Lewis is quoted as saying that “It’s most unfortunate that the Government have coined the term ‘living wage’ instead of what really is the UK legal minimum wage of £7.50 (25 & over).”
Gary recommends that all UK companies ignore the Government guidelines and instead pay in excess of the recommended national living wage for all employees age 21 and over with a minimum service period of 12 months. As calculated by the Living Wage Foundation the recommended minimum hourly rate is £8.45 (outside of London). https://www.livingwage.org.uk
An hourly rate set independently and updated annually.
The Living Wage is calculated according to the basic cost of living in the UK.
Employers choose to pay the Living Wage on a voluntary basis.
The Living Wage enjoys cross party support, with public backing from the Prime Minister and the Leader of the Opposition.
Paying the Living Wage is good for business, good for the individual and good for society.
An independent study examining the business benefits of implementing a Living Wage policy in London found that more than 80% of employers believe that the Living Wage had enhanced the quality of the work of their staff, while absenteeism had fallen by approximately 25%.
Two thirds of employers reported a significant impact on recruitment and retention within their organisation.
70% of employers felt that the Living Wage had increased consumer awareness of their organisation’s commitment to be an ethical employer. The Living Wage affords people the opportunity to provide for themselves and their families.
75% of employees reported increases in work quality as a result of receiving the Living Wage.
50% of employees felt that the Living Wage had made them more willing to implement changes in their working practices; enabled them to require fewer concessions to effect change; and made them more likely to adopt changes more quickly.
The Living Wage campaign was launched in 2001 by parents in East London, who were frustrated that working two minimum wage jobs left no time for family life. The causes of poverty are complex and in order to improve lives there should be a package of solutions across policy areas. The Living Wage can be part of the solution.« Back to News