Magicman celebrates commitment to Living Wage

The Living Wage Foundation is pleased to announce that Magicman Ltd, has become fully accredited as a Living Wage employer.  

The Living Wage commitment will see everyone working at Magicman, regardless of whether they are permanent employees or third-party contractors; receive a minimum hourly wage of £7.85 - significantly higher than the national minimum wage of £6.50.

The Living Wage is an hourly rate set independently, updated annually and 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.

As Magicman’s head offices are on the South Coast and employ extensively in and from the capital, we also support the London Living Wage which endorses a minimum of £9.15 per hour for London wages.

 

Magicman CEO Mark Henderson said: “We are delighted to join over 1,200 Living Wage employers. We have been an Investor In People since 2005 and paying staff a fair wage rather than the minimum wage is in line with our ethical values as a company. Besides being the right thing to do, it improves staff retention, morale and is good for business.”

Employers choose to pay the Living Wage on a voluntary basis. The Living Wage enjoys cross-party support, with public backing from the Prime Minister and the Leader of the Opposition.

Living Wage Foundation Director, Rhys Moore said: “We are delighted to welcome Magicman 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 1,200 leading employers, including Magicman, 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.“

 

The Living Wage Foundation is an initiative of Citizens UK who believe that that the surest way out of poverty is work. Please visit their website for further information: livingwage.org.uk

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