Why following the Living Wage Foundation Rate is important to us

Posted on April 1, 2016 by Louise Wells, Reward and Benefits Manager

As of Friday 1 April 2016, the National Living Wage for workers over the age of 25 increased from £6.70 per hour to £7.20. This means by law, all employers must now pay their employees at least this minimum rate. Here at Simplyhealth we're dedicated to supporting our people and helping them as best we can. That's why we follow the Living Wage, a voluntary hourly rate recommended by The Living Wage Foundation - a rate which is more than what is required by law. 

The Living Wage Foundation Rate is something that many employers choose to follow on a voluntary basis. It means all employees aged 18 and over are paid at least £8.25 an hour, and £9.40 for those in London. The rate takes into account the cost of everyday expenses such as accommodation, food and travel and ensures a fair salary.

We've been committed to following the Living Wage since 2013. We believe it's imperative that all of our employees receive a fair wage that covers the necessary bills and expenses each month, but also have some money left over to put towards treats, or whatever takes their fancy!

The Living wage rate is most relevant to those who work in the retail arm of our business which has 12 retail stores across the country. These include Andover, Burnham, Droitwich, Kenilworth, Leeds, Northfield, Norwich, Sutton Coldfield, Telford, Willenhall and Wolverhampton. We've also recently launched our first new look store, The Unlimited Company in Bristol. You can find out more about it here.  

Investing in our employees is a key part of who we are and it's important that we reward people for doing things well and in the right way. By offering a competitive pay and bonus package, as well as a host of benefits to complement their lifestyle, we pride ourselves on being an employer of choice.

We also offer our employees opportunities to help save for their first home or pay off their student loans. Our first home scheme allows our employees to save between 3% and 6% of their basic monthly salary, which we'll match fund when they come to buy their first home. With our student loan repayment scheme we match monthly repayments to help employees pay off their loan quicker! Employees can choose to enrol in either the student loan scheme, first home scheme or pension scheme at any one time. Other benefits include childcare vouchers and a cycle scheme which allows employees to purchase a bicycle and gear, up to £1000 in value, and then pay it off via their monthly payroll. 

More information on the Living Wage Foundation Rate can be found on http://www.livingwage.org.uk/.

Also, check out our careers page to find out more about our benefits package and see if there's a role going that interests you!

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