Rooted Finance has this week been confirmed as an accredited Living Wage Employer. Our Living Wage commitment will see everyone working for us receive a minimum hourly wage of £11.95, significantly higher than the government minimum for over 23s, which currently stands at £10.42 per hour.
Rooted Finance is based in London, a region where 13.6% of all jobs pay less than the real Living Wage – that’s 575,000 jobs. Despite this, we have committed to pay the real Living Wage and deliver a fair day’s pay for a hard day’s work.
The real Living Wage is the only rate calculated according to the costs of living. It provides a voluntary benchmark for employers that wish to ensure their staff earn a wage they can live on, not just the government minimum. Since 2011 the Living Wage movement has delivered a pay rise to over 450,000 people and put over £2 billion extra into the pockets of low paid workers.
Muna Yassin MBE, CEO, Rooted Finance said: “At Rooted Finance we have always paid our staff a real living wage and The UK Living Wage accreditation is our commitment to continue this policy as an independent Charity. We value our staff and ensuring they have a decent standard of living is not only the right thing to do, but it will also benefit the wider community as well. We know all our staff, across our services, are essential for the continued delivery of our mission and the experience of our clients”
Katherine Chapman, Director, Living Wage Foundation said: “We’re delighted that Rooted Finance has joined the movement of over 12,000 responsible employers across the UK who voluntarily commit to go further than the government minimum to make sure all their staff earn enough to live on.
“They join thousands of small businesses, as well as household names such as Burberry, Barclays, Everton Football Club and many more. These businesses recognise that paying the real Living Wage is the mark of a responsible employer and they, like Rooted Finance, believe that a hard day’s work deserves a fair day’s pay.”
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