Greenock and Inverclyde MSP, Stuart McMillan, has welcomed the increase in UK rate announced by the Living Wage Foundation as part of Living Wage Week (November 5th-11th 2017).
This increase sees the UK Living Wage rise by 30p per hour, making the new UK Living Wage hourly rate £8.75, meaning that the UK rate is £1.25 per hour more than the national minimum wage for over 25 year olds.
There are currently 13 accredited Living Wage employers in Inverclyde and Mr McMillan is encouraging more local businesses to sign up and become Living Wage employers as part of Living Wage Week.
The campaign in Scotland for the real Living Wage also reached a new landmark today with the announcement of Stoats as Scotland’s 1,000th accredited Living Wage employer.
Commenting, Stuart said:
“The Living Wage can make a huge difference to both businesses and their staff as research shows that it helps companies recruit and retain better staff, reduce absenteeism, and encourage higher productivity.
“At first glance the 30p per hour increase does seem insignificant but it will in fact be of great benefit to employees and their employers in the long-run, which I can attest to as an accredited living wage employer.
“Unfortunately the national minimum wage does not adequately account for inflation and the real cost of living which is why in-work poverty remains a problem in Inverclyde and across Scotland. However, I’m pleased to hear that an additional 100 Scottish businesses since September have joined the movement to give their staff a payslip which reflects their living costs, and I hope this number will continue to rise on the lead up to Christmas.”