The local Living Wage campaign has had a great start to the New Year and 33 businesses have now agreed to pay their employees £7.20 per hour with many others starting to show serious interest.
New sign ups include Cobb PR, Grassroots, Digicave Ltd, Bailey Solutions, Fair and SWAT Marketing.
The campaign has also launched a Living Wage website giving useful information for anyone wanting to find out more about the signing up process.
It is anticipated that many workers may struggle as a result of cutbacks to benefits under the new welfare reform system which has helped bring the subject to the forefront of employer's minds.
Tim Cobb, Managing Director of Cobb PR is one of the most recent sing-ups; he said, "The minimum wage allows an individual to eke out a living, whereas the Living Wage provides a better standard of living. All professional service companies should be embracing the concept of the Living Wage."
The Chamber of Commerce, which is spearheading the campaign, has experienced very little negativity but not all businesses are in a position to pay their employees £7.20 per hour. However, as the campaign gathers momentum and [hopefully] the economy improves, this will change over time.
According to the Resolution Foundation if all employers paid the Living Wage, the estimated savings to the government in terms of lower spending on tax credits and in-work benefits and higher revenues from tax and national insurance would be £3.6 billion. Factoring in the cost of higher wages in the public sector from a hypothetical shift to the Living Wage there woul;d be an overall net saving to government of £2.2 billion.
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Brighton & Hove Chamber of Commerce