UBM, which employs more than 750 staff in the UK, has been accredited as a living wage employer by the Living Wage Foundation.
All those working at UBM's UK premises, including permanent employees and third-party contractors and suppliers, will receive a minimum hourly wage of £8.25, and £9.15 in London.
The living wage is a voluntary rate calculated according to the basic cost of living in the UK. It is significantly higher than the national minimum wage of £6.70 an hour, and is distinct from the government’s statutory national living wage rate of £7.20, which will come into effect in April 2016 for employees aged 25 and over.
Sarah Vero, director of the Living Wage Foundation, said: “We are delighted to welcome UBM to the living wage movement as an accredited employer. The best employers are now voluntarily signing up to pay the living wage which is a robust calculation that reflects the real cost of living, rewarding a hard day’s work with a fair day’s pay.”
