The BEC CIC has been accredited as a Living Wage Employer. Our Living Wage commitment will see everyone working at the BEC CIC receive a minimum hourly wage of £9.30 in the UK or £10.75 in London. Both rates are significantly higher than the government minimum for over 25s, which currently stands at £8.72 per hour.
BEC CIC is based in London, a region where nearly a fifth of all jobs (19%) pay less than the real Living Wage - around 785,000 jobs. Despite this, the BEC CIC has committed to pay the real Living Wage and deliver a fair day’s pay for a hard day’s work.
The real Living Wage is the only rate calculated according to the costs of living. It provides a voluntary benchmark for employers that wish to ensure their staff earns a wage they can live on, not just the government minimum. Since 2011 the Living Wage movement has delivered a pay rise to over 230,000 people and put over £1 billion extra into the pockets of low-paid workers.
Karen West-Whylie CEO said, "As a business whose sole purpose is to support other businesses, it was only right that we sign up to being a London Living Wage employer. We are delighted to be leading the way."
Katherine Chapman, Director, Living Wage Foundation said: “We’re delighted that the BEC CIC has joined the movement of over 6000 responsible employers across the UK who voluntarily commit to go further than the government minimum to make sure all their staff earns enough to live on."
“They join thousands of small businesses, as well as household names such as Burberry, Barclays, Chelsea, and Everton Football Clubs, Lush, and many more. These businesses recognise that paying the real Living Wage is the mark of a responsible employer and they, like the BEC CIC believe that a hard day’s work deserves a fair day’s pay," Chapman added.
About the Living Wage
The real Living Wage is the only rate calculated according to what people need to make ends meet. It provides a voluntary benchmark for employers that choose to take a stand by ensuring their staff earns a wage that meets the costs and pressures they face in their everyday lives.
The UK Living Wage is currently £9.30 per hour. There is a separate London Living Wage rate of £10.75 per hour to reflect the higher costs of transport, childcare, and housing in the capital. These figures are calculated annually by the Resolution Foundation and overseen by the Living Wage Commission, based on the best available evidence on living standards in London and the UK.
The Living Wage Foundation is the organisation at the heart of the movement of businesses, organizations, and individuals who campaign for the simple idea that a hard day’s work deserves a fair day’s pay. The Living Wage Foundation receives guidance and advice from the Living Wage Advisory Council. The Foundation is supported by our principal partners: Aviva; IKEA; Joseph Rowntree Foundation; KPMG; Linklaters; Nationwide; Nestle; Resolution Foundation; Oxfam; Trust for London; People’s Health Trust; and Queen Mary University of London.
What about the Government’s national living wage?
In July 2015 the Chancellor of the Exchequer announced that the UK Government would introduce a compulsory ‘national living wage’. This new government rate is a new minimum wage rate for staff over 25 years old. It was introduced in April 2016 and the rate is £8.21 per hour as of April 2019. The rate is different from the Living Wage rates calculated by the Living Wage Foundation. The government rate is based on median earnings while the Living Wage Foundation rates are calculated according to the cost of living in London and the UK.