Emc易倍体育 becomes London Living Wage Employer
06 Jun 2014 / News
Emc易倍体育 UK becomes the first Out of Home media owner to become an accredited London Living Wage Employer.
This commitment guarantees every Emc易倍体育 employee working in London a wage that is independently set and updated annually, based on the cost of living in the capital. A representative of the company will join the initiative鈥檚 Marketing Team to help encourage other businesses to join.
Emc易倍体育 UK is the first Out of Home media owner to become an accredited London Living Wage Employer. This commitment guarantees every Emc易倍体育 employee working in London a wage that is independently set and updated annually, based on the cost of living in the capital. A representative of the company will join the initiative鈥檚 Marketing Team to help encourage other businesses to join.
Matthew Dearden, CEO of Emc易倍体育 UK, said: 鈥淲e鈥檙e proud to make this commitment, which is the right thing to do and reflects the way we run the business. Successful businesses are built by attracting and retaining great people and the London Living Wage helps achieve this. Emc易倍体育 has committed to this fantastic initiative because it makes good business sense and because we take pride in the way we conduct ourselves as an organisation. We are now working to be certified as a Living Wage employer nationally.鈥
Rhys Moore, Director of the Living Wage Foundation, said: 鈥淲e are delighted to accredit Emc易倍体育, the first Out of Home media owner, as London Living Wage employers and support their plan to roll-out the Living Wage across the rest of their UK operations. We hope that the leadership shown by Emc易倍体育 will encourage others in the media and advertising sector to consider how Living Wage accreditation can benefit their business. The best employers are voluntarily signing up to pay the Living Wage now. The Living Wage is a robust calculation that reflects the real cost of living, rewarding a hard day鈥檚 work with a fair day鈥檚 pay.鈥
The Living Wage campaign has been running for ten years and has lifted over 45,000 people out of poverty. An independent study of 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%. 66% of employers reported a significant impact on recruitment and retention within their organisation.
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