Support services provider, Regent Samsic has become one of the first in its sector to become a recognised services provider to work with the Living Wage, the hourly rate set independently and updated annually, based on the cost of living in the UK.
The accreditation by The Living Wage Foundation reflects Regent Samsic’s commitment to the Living Wage in its core business while additionally raising its perceived importance by the company’s customers.
Rhys Moore Director of the Living Wage Foundation said:
“The benefits the Living Wage brings to staff and business are clear and I welcome the leadership shown by Regent Samsic on this important issue.”
Commented Regent Samsic joint managing director, Jonathan King:
“Becoming a Recognised Living Wage Service Provider and striving to pay the Living Wage where possible is continued evidence of our ongoing commitment to staff welfare.
“We see promoting the Living Wage as a cornerstone of best practice, going forward.”
The Living Wage was launched by Citizens UK in 2001 on the principle that work should bring dignity and should enable families to enjoy the essentials of life.
The Living Wage is calculated according to the basic cost of living in the UK and expressed as an hourly wage rate. There are two different wage rate, independently set and updated annually. The rate for London is calculated by the Greater London Authority (“GLA”) and the rate for outside London is calculated by the Centre for Research in Social Policy (“CRSP”).
An independent study of the business benefits of implementing a Living Wage policy in London found that:
- more than 80% of employers believe that the Living Wage had enhanced the quality of the work of their staff, while absenteeism had fallen by approximately 25%;
- 66% of employers reported a significant impact on recruitment and retention within their organization;
- 70% of employers felt that the Living Wage had increased consumer awareness of their organisation’s commitment to be an ethical employer.
Issued February 2015 on behalf of Regent Samsic by
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