The Living Wage commitment will see every permanent employee working at the GDST receive a minimum hourly wage of £9.75 in London, and £8.45 elsewhere - significantly higher than the national minimum wage of £6.95 and the new minimum wage premium for over 25s of £7.20 per hour introduced this April. We have committed to ensuring that suppliers are paying the Living Wage to their workers on our sites by September 2017.
The Living Wage is an hourly rate set independently and updated annually. The Living Wage is 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.
GDST Chief Executive, Cheryl Giovannoni said:
“We are committed to pay and reward structures which attract and retain the best staff and recognise their performance, achievements and career ambitions – we believe the Living Wage will deliver this.
“I am particularly proud that the GDST took the initiative to become the first independent schools group to implement the Living Wage.
“Our schools have a long history of promoting the advancement of women and our Trustees are committed to ensuring that our employees, both male and female, are getting a fair deal.”
I am proud that the GDST took the initiative to become the first independent schools group to implement the Living Wage.
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, Katherine Chapman said:
“We are delighted to welcome the GDST 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 2,600 leading employers, including the GDST, 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."