Membership organisation The Chartered Institute of Payroll Professionals (CIPP) has been accredited as a living wage employer by the Living Wage Foundation.
The organisation has committed to paying its 60 permanent employees, as well as any third-party contractors, at least the voluntary living wage rate of £8.75 an hour for staff working in the UK and £10.20 an hour for employees based in London.
The living wage is an independently set hourly rate of pay that is calculated according to the basic costs of living. Employers pay the living wage on a voluntary basis, and the rate is updated annually. The living wage is currently set at £8.75 an hour for employees working across the UK and at £10.20 an hour for staff based in London. The higher London living wage reflects the increased living costs associated with residing in the capital.
The voluntary living wage is distinct from the statutory national living wage, which is paid to employees aged 25 and over. The national living wage rate is currently set at £7.50 an hour.
Ken Pullar FCIPP (pictured), chief executive officer at the CIPP, said: “As the industry body for payroll in the UK, the CIPP encourages all of our members to pay the real living wage and therefore wanted to demonstrate that we are equally committed to ensuring all of our employees are paid fairly. This is an excellent initiative which the CIPP is proud to support.”