The Living Wage Foundation is pleased to announce that London Bicycle Tour Company has today been accredited as a Living Wage Employer.
Their Living Wage commitment will see everyone working at London Bicycle Tour Company, regardless of whether they are direct employees or third-party contracted staff; receive a minimum hourly wage of £10.20. This rate is significantly higher than the statutory minimum for over 25s of £7.50 per hour introduced in April 2017.
The real Living Wage is an hourly rate set independently and updated annually. The Living Wage is calculated according to the real costs of living.
Director Rob Graham has been paying staff the London Living Wage since 2016 and increases wages annually to reflect the increasing costs of life in England's capital. Speaking of his commitment to and involvement with the Living Wage standard, he said "It's about being fair. The cost of living a good life in all of our cities is constantly rising, and this is especially so in London. This isn't a favour to them, or a reward for their hard work - it's simply the least I can do to make sure my staff have the resources to put food on the table."
Employers choose to pay the real Living Wage on a voluntary basis. The Living Wage enjoys cross-party political support.
Katherine Chapman, Director, Living Wage Foundation said: “We welcome London Bicycle Tour Company to the Living Wage movement as an accredited employer.
“Responsible businesses across the UK are voluntarily signing up to pay the real Living Wage now. The real Living Wage rate is annually calculated to reflect the real costs of living.”
“We are a movement of over 3700 UK employers who together want to go further than the government minimum to make sure all their staff earn enough to live on. We have lots of small businesses as well as big household names like; IKEA, Aviva, Chelsea and Everton Football Clubs and many more.
These businesses recognise that the Living Wage accreditation is the mark of a responsible employer and they, like London Bicycle Tour Company, join us because they too believe that a hard day’s work deserves a fair day’s pay."