AlphaBiolabs has today become one of the first organisations in this sector to become an accredited Living Wage Employer.
The Living Wage is an hourly rate set independently and updated annually, based on the cost of living in the UK.
The Living Wage campaign has been running for ten years and has lifted over 45,000 people out of poverty.
An independent study of the business benefits of implementing a Living Wage policy in London found that more than 80% of employers believe that the Living Wage had enhanced the quality of the work of their staff, while absenteeism had fallen by approximately 25%.
66% of employers reported a significant impact on recruitment and retention within their organisation. 70% of employers felt that the Living Wage had increased consumer awareness of their organisation’s commitment to be an ethical employer.
The Living Wage affords people the opportunity to provide for themselves and their families.
75% of employees reported increases in work quality as a result of receiving the Living Wage.
50% of employees felt that the Living Wage had made them more willing to implement changes in their working practices; enabled them to require fewer concessions to effect change; and made them more likely to adopt changes more quickly.
Managing Director of AlphaBiolabs, David Thomas believes that this liaison with The Living wage Foundation shows the company’s commitment to the well-being of the staff.
Rhys Moore Director of the Living Wage Foundation said “The benefits the Living Wage brings to staff and business are clear. I welcome the leadership shown by AlphaBiolabs on this important issue.”
To learn more about the other accreditation’s click here.