Cosmic is now a Living Wage Accredited Employer
The Living Wage commitment will see everyone working at Cosmic, regardless of whether they are permanent employees or third-party contractors and suppliers; receive a minimum hourly wage of £7.85 - significantly higher than the national minimum wage of £6.50.
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.
Cosmic CEO Julie Hawker commented "The Living Wage offers employees of all ages a chance to ensure that their working time is valued appropriately and gives employers a solid foundation on which to build a meaningful and effective wage structure. Cosmic is committed to ensuring that our employees are offered this level of wage as a starting point. It sits very firmly alongside our ongoing commitment to skills and personal development which ensures that our staff grow into highly talented digital experts. Cosmic is very proud to achieve Living Wage Employer status, and we encourage all other businesses to adopt this approach to ensure that jobs and skills development, particularly those in digital roles, are valued and developed in the years ahead."
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, Rhys Moore said: “We are delighted to welcome Cosmic 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 1,000 leading employers, including Cosmic, 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."
For more information on our experience becoming a living wage employer get in touch via [email protected] or give us a call on 0845 094 6108.