Bournemouth EchoNationwide’s Living Wage agreement welcomed by supporters (From Bournemouth Echo)

When news happens text pix and video to 80360. Start your message with BE then leave a space.

Nationwide’s Living Wage agreement welcomed by supporters

Bournemouth Echo: PAY STATEMENT: Nationwide's administrative office for specialist lending at Richmond Hill, Bournemouth PAY STATEMENT: Nationwide's administrative office for specialist lending at Richmond Hill, Bournemouth

BUILDING society Nationwide – which employs 700 people in Bournemouth – has become a Living Wage employer.

The mutual is also becoming a principal partner of the Living Wage Foundation, which encourages other employers to pay a minimum hourly rate of £7.65.

The figure is aimed at reflecting the true cost of living in the UK, where the minimum wage is £6.31.

Alison Robb, group director at Nationwide, said: “It’s fantastic to have committed to become a principal partner of the Living Wage Foundation and we are looking forward to working with the foundation to encourage other employers to sign up in future.

“Nationwide’s Living Wage accreditation shows our commitment to doing the right thing by our people and we are proud to take a leading role in the campaign for fairer pay.”

Living Wage Foundation director Rhys Moore said: “As the UK’s largest building society, this move brings the Living Wage to high streets across the country and showcases that 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.

“The national minimum wage (NMW) provides an effective robust minimum floor for wages and has all but eliminated extremely low pay in the UK.

“One side effect is that we now see rates of pay at the lower end of the market clustered at or just above the NMW. The Living Wage provides a recognised benchmark for employers who are able to pay more.”

Bournemouth West MP Conor Burns said: “I am pleased to see employers who can afford to pay the Living Wage doing the right thing by their staff.

“Nationwide employs 700 people in Bournemouth and some of these will benefit from the increase to the Living Wage.

“This means people here will have a little bit more in their pockets to spend with local businesses.”

Nationwide says the move will benefit around 850 of its staff across the country, most of whom are contract workers from third-party suppliers.

Comments (3)

Please log in to enable comment sorting

11:26am Mon 28 Apr 14

Kiki1973 says...

That's wonderful, but the fact is that they don't pay salaries in line with living conditions in the actual areas they inhabit. The salaries for Bournemouth are exactly the same bands as for say, Staffordshire, where the cost of living is much lower. As a result, many people in the building have to take second jobs to survive if they choose to continue to live in Dorset. Whilst it's great that they've made this move, it still doesn't reflect the true cost of living in the locations their employees live.
That's wonderful, but the fact is that they don't pay salaries in line with living conditions in the actual areas they inhabit. The salaries for Bournemouth are exactly the same bands as for say, Staffordshire, where the cost of living is much lower. As a result, many people in the building have to take second jobs to survive if they choose to continue to live in Dorset. Whilst it's great that they've made this move, it still doesn't reflect the true cost of living in the locations their employees live. Kiki1973
  • Score: 5

12:59pm Mon 28 Apr 14

BmthNewshound says...

Congratulations to Nationwide. Although this is unlikely to affect many Bournemouth employees who I suspect already earn more the £7.65 an hour. What this announcement does do is throw the gauntlet down to those Bournemouth employers who only pay the minimum wage.
Congratulations to Nationwide. Although this is unlikely to affect many Bournemouth employees who I suspect already earn more the £7.65 an hour. What this announcement does do is throw the gauntlet down to those Bournemouth employers who only pay the minimum wage. BmthNewshound
  • Score: 0

2:00pm Mon 28 Apr 14

Sir Beachy Head says...

Well done for actually remembering it is a Building Society. So many people refer to it as a bank these days just because they are iignorant idiots and I have to refrain myself from giving them a knuckle sandwich.
Well done for actually remembering it is a Building Society. So many people refer to it as a bank these days just because they are iignorant idiots and I have to refrain myself from giving them a knuckle sandwich. Sir Beachy Head
  • Score: -4

Comments are closed on this article.

click2find

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree