Paying The Living Wage In A Cost Of Living Crisis Is Still The Right Thing To Do
Corps Security are here to support our customers at a time of concern and anxiety.
As announced by the Living Wage Foundation today, the real Living Wage has increased by 10.1% for next year – meaning the rates are now £10.90 (£11.95 in London). The Living Wage is calculated based on various factors, including inflation, so considering the cost of a basket of essentials, balanced against other costs such as energy, fuel and essential living expenses. The war in Ukraine, COVID-19, and various other factors have meant that the wage rise this year is more extensive than ever. More detail of this process can be found here.
Corps Security is a Recognised Service Provider with the Living Wage Foundation
Corps Security has been a staunch supporter of the Living Wage, and we became a recognised service provider in 2019. We were delighted this week when we passed another milestone once again, as now 97.5% of all Corps Security staff are receiving the Living Wage or above. In short, this means that all directly employed staff at Corps are paid the Living Wage as standard, and we actively work with our customers to ensure our contract staff get paid the same.
How have we managed to continue to raise our colleagues on the Living Wage?
When Corps became a Social Enterprise and achieved Recognised Service Provider with The Living Wage Foundation, we reinforced our ongoing commitment to our people. We are very proud of it, leading to winning extraordinary contracts with companies who share our focus. However, this does come at a cost – and has had a detrimental effect on the bottom line.
As one would expect, not all our contracts allow leeway to ensure our colleagues receive the Living Wage. This has led to difficult yet productive conversations with our customers to find a solution that focuses on our colleagues’ working conditions. We have been delighted with the positive response. It has led to creative thinking, the development of new ways of working and focused energies on efficiency, which has seen contracts adapt to the current financial challenge.
We are here to support you
At Corps we understand the financial burdens you are facing – we are too. We know your concerns and understand that analysing the supply chain and expenditure will be an essential part of your efforts to make cuts in your business. Nobody is more qualified to help you review your security than your supplier, so over the coming weeks, our team will be in touch to offer free consultancy and open conversations on this subject. We will include the opportunity to perform reviews to improve efficiencies and manage your contracts differently. I do hope this will help to show our commitment to you.
Our colleagues mustn’t be the first to suffer because of the impact of our business’ rising costs, as their bills continue to impact their quality of living. Let’s work together for our people and in turn, our future.