We have added information to our site at w4mpjobs.org about whether a job pays the ‘real living wage’, based on the rate set by the Living Wage Foundation. The Living Wage is an independent movementof businesses, organisations and people who believe a fair day’s work deserves a fair day’s pay, and the rate is independently-calculated based on what employees and their families need to live.
The rates are calculated annually by the Resolution Foundation and overseen by the Living Wage Commission, based on the best available evidence about living standards in London and the UK.
Before 2016 the London Living Wage was calculated by the Greater London Authority and the UK rate was calculated by the Centre for Research in Social Policy at Loughborough University.
As of August 2017, the London Living Wage is £9.75 per hour. This covers all boroughs in Greater London. The UK Living Wage for outside of London is currently £8.45 per hour.
For more information see the Living Wage Foundation website.
The foundation does not publish the Living Wage as an annual salary as the requirement is that the Living Wage is paid for each hour worked.
You can work out the annual salary by calculating LW x hours worked per week x 52.
For example the UK Living Wage as an annual salary might be £8.45 x 37.5 x 52 = £16,477.50 and the London Living Wage as an annual salary might be £9.75 x 37.5 x 52 = £19,012.50
Where a salary calculation is used accredited employers must also ensure that they pay the Living Wage for each hour of over-time worked.