We are thrilled to announce that Benefex has been accredited as a Living Wage employer!
This fantastic achievement means that every member of our team – regardless of whether they are permanent employees or third-party contractors – now receive a minimum hourly wage of £8.25 or over – significantly higher than the National Minimum Wage of £6.70 and the Government’s new National Living Wage for over 25s of £7.20 per hour introduced on 1st April.
Living Wage Foundation Director, Katherine Chapman said: “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, including Benefex, ranging from independent printers, bookshops and breweries, to well-known companies such as Barclays, Centrica and EDF Energy. These businesses recognise that clinging to the National Minimum Wage is not good for business. Customers expect better than that.”
The accreditation is entered into voluntarily, and is designed to encourage employers to invest in their employees’ quality of living and financial wellbeing. The LWF sets and updates the Living Wage annually; the amount is calculated according to the basic cost of living in the UK.
Matt Macri-Waller, Founder & CEO of Benefex says, “We are incredibly proud of this accreditation, particularly when considering the long-term positive impact on our employees. Implementing the Living Wage Foundation’s recommended rate of pay not only supports our core values and beliefs as an organisation, but it just makes good business sense. Since we founded the business, we have always wanted to really look after our people, the LWF accreditation just further supports this. Since its launch we have seen it drive engagement and productivity, all of which will ultimately benefit our clients.”
Kathryn Kendall, HR Director at Benefex says, “The success of our business is intrinsically linked to the 160 employees who work here. Without their drive, enthusiasm and passion, we wouldn’t have accomplished even a fraction of our achievements to date. It is only right that they are appropriately rewarded for what they deliver for our business, and we believe that by becoming a LWF accredited employer we have been able to make a very real and tangible difference to a large percentage of our employee body.”
Benefex employees celebrated the announcement in the time-honoured tradition of cake-eating.
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