To celebrate Living Wage Week we are delighted to announce that Lifecraft is now an accredited Living Wage Employer. This means that every member of staff working for Lifecraft will earn a real Living Wage.
The real Living Wage is an independently calculated hourly rate of pay that is based on the actual cost of living. It is higher than the government’s minimum, or National Living Wage. The real Living Wage is currently £10.90 in the UK, over £1 per hour more than the National Living Wage of £9.50.
Becoming a Living Wage employer was important to Lifecraft because paying the Living Wage demonstrates the value we place in our staff. The Living Wage is an ethical benchmark for responsible pay as the Living Wage is linked to the true cost of living.
As a user-led mental health charity we are aware of the link between mental health and financial issues. Living Wage Foundation’s Life on Low Pay report, which was published in 2021 found that 46% of people working full-time but being paid less than the real Living Wage felt their pay negatively affected their levels of anxiety. Paying a Living Wage provides Lifecraft staff with financial stability and security.
Finally, with the ongoing cost of living crisis and the news that inflation has risen to over 10% for the second time this year, Lifecraft felt it was more important than ever to do the right thing by paying a wage calculated based on actual living costs.
We are really proud of this commitment and would love you to share the good news with everyone to encourage more organisations to pay the Living Wage.
You can find out more about the Living Wage by visiting www.livingwage.org.uk.