The cost of living has risen sharply in recent years; this is particularly acute in London, yet salary increases have not always reflected rising costs.
Unlike the compulsory national minimum wage, the ‘London Living Wage’ is voluntary for those companies who wish to become accredited with the Living Wage Foundation.
A construction company’s workforce is one of its largest assets and therefore participation in the London Living Wage agreement is a practical way to demonstrate appreciation of employees and ensure a suitable calibre of workforce is retained.
For more information about the Living Wage Foundation, please click below.
Greater London Authority, 2014
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