Living Wage Employer!

We’re delighted to announce that Wise are now an accredited Living Wage Employer 🎉 This means that every staff member earns the real living wage or higher.

The real Living Wage is the only UK wage rate based on the cost of living. It is voluntarily paid by over 14,000 UK businesses who believe their staff deserve a wage which meets everyday needs – like the weekly shop, or a surprise trip to the dentist.

The calculation

• The UK Living Wage for outside of London is currently £12.00 per hour.
• The London Living Wage is currently £13.15 per hour. This covers all boroughs in Greater London.
• The rates are calculated annually by the Resolution Foundation and overseen by the Living Wage Commission, based on the best available evidence about living standards in London and the UK.
• The basket of goods draws on the Minimum Income Standard to identify everyday living costs through public consensus.
• Before 2016 the London Living Wage was calculated by the Greater London Authority and the UK rate was calculated by the Centre for Research in Social Policy at Loughborough University.

By paying the real Living Wage, employers are voluntarily taking a stand to ensure their employees can earn a wage which is enough to live on. That basic fairness is at the heart of what the Living Wage campaign is trying to achieve and why great businesses and organisations choose to go further than the government minimum. As well as it being the right thing to do, there is a growing body of evidence demonstrating the business benefits of becoming a Living Wage Employer.

Accredited employers display the Living Wage Employer Mark to recognise their commitment to the Living Wage.