The new Living Wage rates are set to rise to £10.90 an hour across the UK (£1 increase), and £11.95 an hour in London (90p increase), the government has announced.
The changes will affect 400,000 people working for more than 11,000 real Living Wage Employers throughout the country, including many FM firms.
The real Living Wage rates remain the only wage rates independently calculated based on what people need to live on. This year the rate increased by 10.1% in the UK, more than ever in the Living Wage Foundation’s 11-year history, reflecting sharp increases in living costs.
New research from the Cardiff Business School shows that Living Wage workers have benefited from more than £338 million in extra wages since the start of this year alone, with one in 10 employees now working for an accredited Living Wage Employer.
IWFM chief executive Linda Hausmanis said: "Paying a fair wage for a day’s work is always the right thing to do and in challenging times it’s even more important to stand by lower-paid workers, many on the services front line, who not long ago were applauded for maintaining our critical services during national lockdowns.
"Today’s uplift in rates will provide a vital cost-of-living boost, enabling those most affected to continue meeting their needs. IWFM is proud to support the real Living Wage and we urge others to do the same."
Security firm Corps FM supported the rises. CEO Mike Bullock, who is also co-chair at the Living Wage Foundation, said: “At Corps, we believe that paying the real Living Wage is the right thing to do for our colleagues. Of course, we are aware of the impact this will have on businesses; we will be feeling the effects of this too. But many of our site-based colleagues see increasing costs in their own lives, so it is about balance. How do we continue to support colleagues with the real Living Wage increase whilst not putting too much pressure on the business's finances? That is the challenge we all face now.”
The security firm also announced that it will launch a new customer and industry-focused campaign to support businesses with rising costs. The new campaign, which will be supported with social media, media engagement, tips, guidance and advice blogs and customer activities, will launch in October 2022.