Printing firm Rival Colour has been accredited as a living wage employer, committing to paying staff the living wage rate of at least £7.85 an hour.

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The organisation will pay all workers the hourly living wage, regardless of whether they are permanent employees or third-party contractors and suppliers.

The living wage is independently calculated on an annual basis according to the basic cost of living in the UK. This voluntary rate is higher than the national minimum wage of £6.50 an hour, and is distinct from the national living wage announced by the Chancellor in the 2015 Summer Budget.

Nick Clode, managing director at Rival Colour, said: “Rival Colour decided to sign up for the living wage accreditation to further endorse the commitment of our staff to Rival, and to show our customers and suppliers we are committed to investing in the heart of the business.

“In turn, we hope that [organisations] that want to deal with like-minded businesses will also value our commitment and want to deal with us and other [organisations] signing up to this very worthwhile accreditation.”