Claire Tiffney’s Post

New rates for the Real Living Wage have been released today ££!! The Real Living Wage is the only UK wage rate based on the cost of living. It is voluntarily paid by over 15,000 UK businesses. Today the rates have been increased to £12.60 per hour across the UK, and £13.85 per hour in London. Employers who have signed up to pay the Real Living Wage will have 6 months to implement the new rates by the 1st May 2025. This means anyone working for an employer who pays the Real Living Wage will now earn £2,262 a year more than someone on the Government's National Living Wage... With business costs on the rise, it can be a challenging time for employers who need to balance the needs of their business with looking after their employees.  If you’re struggling to manage your people costs and need tailored support and advice on how best to go about this, get in touch today. #hr #hrconsultancy #hryorkshire #reallivingwage

The cost of living continues to rise, but the latest real Living Wage rates are here to support workers across the UK. ⭐ £12.60 per hour across the UK (+5% from last year) ⭐ £13.85 per hour in London (+5.35% from last year) These rates are independently calculated to ensure they reflect the real cost of living—not just the government’s minimum wage. Employers committed to paying the real Living Wage are making a big difference by supporting their teams and helping to alleviate the financial pressures felt across the country. It’s more than just numbers—it’s about retaining top talent and building a positive, sustainable future for the workforce. Find out more about the new rates and the impact on UK wages here. 👇 https://lnkd.in/e36-zh7j #RealLivingWage #SupportingWorkers #FairPay #EmployeeWellbeing #WagesThatWork #LivingWageFoundation

The new real Living Wage rates are out today and they are: £12.60 across the UK (+60p, 5% increase) £13.85 in London (+70p, 5.3% increase The real Living Wage is the only wage rate independently calculated based solely on living costs. A full-time worker earning the new, real Living Wage would earn over £2,000 year more than a full-time worker earning the current minimum wage (National Living Wage) In London, this rises to over £4,700 a year. Since it's inception, the Living Wage Campaign has now put £3.5 billion into the pockets of the lowest paid workers in the UK. 15,000 employers now pay the Living Wage. Are you one of them? Onwards to better pay and working conditions for all!

We're proud to be a certified Real Living Wage Employer 💸 What is the Real Living Wage? 💭 The real Living Wage is the only UK wage rate based on living costs, which is currently £12.60 per hour and £13.85 per hour in London This is higher than the statutory requirement of The Minimum Wage and The National Living Wage, which is calculated according to the cost of living, based on a basket of household goods and services What are the business benefits of paying the real Living Wage? 💭 The number one benefit is that this level of pay is shown to boost staff productivity and motivation at work. It also helps employers to remain competitive, retain existing staff and attract new staff. Fancy being a part of the Real Living Wage club? Pop us a message, and let's make it happen. ☎️: 01202 143555 ✉️: yourjourneystartshere@streetwisehr.co.uk 🔗: https://lnkd.in/ebSxPp8G #HRTips #BusinessOwner #OutsourcedHR

📢 REAL LIVING WAGE UPLIFT: WHAT EMPLOYERS NEED TO KNOW! The Real Living Wage has increased to £12.60 per hour across the UK and £13.85 in London. This is great news for employees, with 475,000 people expected to benefit. Employers are encouraged to update these rates ASAP, but they have up to six months to implement changes. With the National Minimum Wage (NMW) potentially set for an update, we may see it narrow the gap to the Real Living Wage even further. Stay tuned for budget announcements on October 31! #RealLivingWage #PayrollUpdates #UKBusiness

Did you know that 12.9% of all employees are still paid below real Living Wage? This week is Living Wage Week and we want to raise awareness of the importance of being a Living Wage employer - something we’re especially proud of. National Living Wage, the government minimum for over 21s, is currently £11.44 an hour across the UK. Living wage, on the other hand, is based on what people need to live. The UK Living Wage is £12.60, or £13.85 if you live in London! We’re a Living Wage employer because we know that our team are their best, happiest, most productive selves when they’re less worried about finances. Our dedication to employee satisfaction would fall short if we weren’t paying our team what they’re worth! You can learn more about Living Wage at their website. We’re also more than happy to chat about it, from the reasons to implement it to the benefits we’ve seen as a business as a result! https://lnkd.in/gHixBnN

New real Living Wage rates announced! 👏👏 Representing a 5-5.3% increase this is fantastic news for those workers currently in receipt of the only sustainable pay rates in the UK. The Living Wage Foundation states:- ✔️ Almost half a million Living Wage workers are set for a pay boost as over 15,000 Living Wage Employers are signed up to pay the new rates ✔️ The real Living Wage is the only UK wage rate independently calculated based solely on the actual cost of living and is different from the government's National Living Wage, which is the legal minimum employers must pay for over-21s ✔️The new real Living Wage rates are now worth over £2,262 more per year in the UK than the legal minimum, and over £4,700 more in London ✔️ Nearly £3.5bn in extra wages has gone to low paid workers since 2011

Recent research by the Living Wage Foundation shows that despite inflation easing, many of Britain’s 3.7m low paid workers are still struggling with the impact of years of high prices, with 42% having less than £10 left each week after covering essential expenses, 39% having used a food bank in the past year and 32% have skipped meals for financial reasons. Almost half a million people working for more than 15,000 real Living Wage Employers throughout the country are set for a vital cost-of-living pay boost, as the real Living Wage rates rise to £12.60 an hour across the UK (60p or 5% increase).

🔥 The New Living Wage Rates Are Out: Is this a Hiring Boost or a Hiring Crisis? With the new living wage rates kicking in, there’s a lot of talk about how this will affect businesses—but let’s get real: this is going to radically reshape recruitment practices in many sectors . ✋ The question is, will it drive talent acquisition to new heights for those embracing this, or push businesses into a hiring nightmare? 🤷♀️ 💼 What’s About to Happen? Top Talent Will Flock to Higher-Paying Jobs Companies paying a living wage will become magnets for skilled workers. If you want the best people, you have to compete on wages. But here’s the catch: smaller businesses and start ups that can’t afford these rates might find themselves priced out of the talent pool entirely. 🤑 Wage Wars & Escalating Expectations Think you can just increase wages slightly to keep up? Think again. Once the bar is set higher, candidates will expect even more, especially in industries where companies fight over top talent. The result? A never-ending wage escalation that could kill off smaller players or create unrealistic hiring expectations. 💔 The Automation & Outsourcing Surge Let’s not ignore the elephant in the room. Businesses facing soaring wage costs may turn to automation or outsourcing to cut down on labor costs. While some employees benefit from higher wages, others might find their jobs at risk. Recruitment businesses may soon focus on hiring fewer, more specialised roles while cutting down on entry-level or manual jobs. 👩🔧 Let’s hear your take—especially if you’re an Managing Director, in HR or Talent Management. Are you embracing this; or Is this the end of the hiring market as we know it? 👇 #LivingWage #RecruitmentCrisis #HiringTrends #BusinessReality #TalentWar

New Living Wage rates out this week mean a vital rise for nearly half a million workers. People living in disadvantaged communities have been most affected by price rises in heating, groceries and rent. A decent wage is a vital building block of health. Paying the real Living Wage can help people better afford essentials and improve health & wellbeing.