5 May 2016
Accredited Living Wage employers will pay their staff at least the new voluntary Living Wage rate of £8.25 per hour; significantly higher than the mandatory National Living Wage of £7.20 per hour which came into force across the UK this April.
Within apetito’s team, 575 members have benefited from pay increases as part of the company’s “Fairness Agenda”, which includes other improvements to pensions and maternity/paternity pay. The company also has a profit-share scheme that benefits all staff, such that all employees are earning over and above the Living Wage.
As part of the accreditation, the company has also announced plans to ensure all its contractors adhere to the new voluntary pay-rate.
The Living Wage is an hourly rate set independently and updated annually. It is calculated according to the basic cost of living using the ‘Minimum Income Standard’ for the UK. Decisions about what to include in this standard are set by the public; it is a social consensus about what people need to make ends meet.
Living Wage Foundation Director, Katherine Chapman, said:
“We are delighted to welcome apetito to the Living Wage movement as an accredited employer.
“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’s work with a fair day’s pay.
“We have accredited over 2,300 leading employers ranging from independent printers, bookshops and breweries, to well-known companies such as Nationwide, Aviva and SSE. These businesses recognise that clinging to the national minimum wage is not good for business. Customers expect better than that."
Commitment to the Living Wage is only one element of a comprehensive benefits package at apetito. Auto-enrolment from day one into a pension scheme with better than statutory contributions, life assurance, healthcare for work, tax efficient salary-exchange schemes such as Cycle To Work and Childcare Vouchers, as well as an employee retail benefits scheme, represent just some of the financial benefits.
Furthermore, a world class staff induction, individual learning and development programmes and an annual Awards scheme, reward staff further.
“Our mission at apetito is to “make a real difference” and that means embedding principles that support our customers, our supply chain, and crucially, our work-force. Supporting the accredited Living Wage is quite simply the right way to do business; it improves our employees’ quality of life, but also benefits our business and society as a whole.”
Paul Freeston – Chief Executive