Living Wage Foundation accredits Venues and Events International

The Living Wage Foundation has formally accredited Swindon-based event management and venue finding agency Venues and Events International as paying a Living Wage to all of its employees.

The real Living Wage is the only UK wage rate that is voluntarily paid by more than 5,000 UK businesses who believe the national minimum wage is not sufficient in today’s economy.

The project was spearheaded by commercial and marketing director Josephine Bradley. She said: “This is a fantastic accolade and we’re thrilled to have achieved it. Our team are what sets us apart from our competitors so it’s key we listen to them and reward their hard work. This ensures all of our current and future team members receive a fair day’s pay for a hard day’s work.”

This news comes as Venues and Events International has strengthened its venue finding and account management teams following new wins including Torchlight and AXA.

In April 2016 the government introduced a higher minimum wage rate for all staff over 25 years of age inspired by the Living Wage campaign – even calling it the ‘national living wage’.

The government’s minimum wage for under 25s is currently set at £7.70 per hour, while its national living wage for over 25s is £8.21.

However, the government’s figure of £8.21 is not calculated according to what employees and their families need to live. Instead, it is based on a target to reach 60 per cent of median earnings by 2020. Under current forecasts, this means a rise to less than £9 per hour by 2020.

For under 25s, the minimum wage rates also take into account affordability for employers.

The real Living Wage is set at £10.55 for London and £9 for the rest of the UK and is for all adults, regardless of age. The rates are higher because they are independently-calculated based on what people need to get by.