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Living Wage is 'about sound economic management'

Living Wage-accredited business leaders to discuss their experiences in paying Living Wage in educational session
22/01/2016

KPMG Head of Living Wage Mike Kelly, who says paying the Living Wage makes sense economically

Paying the Living Wage is an economic decision as well as a moral one, say accredited employers.


The national minimum wage, due to be introduced in April, will boost productivity among staff members and lead to better streamlined services, says KPMG's head of Living Wage Michael Kelly and Execspace's Emma Little.


It comes as the business representatives prepare to share their practices and discuss the benefits in paying a Living Wage in an educational session.


The educational session, organised by Association of British Professional Conference Organisers (ABPCO) and M&IT, comes as part of the events industry campaign, Living Wage for Live Events.


Edinburgh-based venue finding and event management agency Execspace obtained Living Wage accreditation last year. Owner Emma Little said: "While my focus is to build a big business in the longer term, employees' focus is often much shorter term and that would include monthly take home pay. If I'm expecting them to go above and beyond, work hard and be dedicated, paying them a fair salary is the least I can do."


The Living Wage Foundation has calculated the acceptable standard of living to be £9.40 per hour in London and £8.25 per hour for the rest of the UK. The UK Government will introduce a new National Living Wage which will be £7.20 for those above 25 years old.


KPMG's Michael Kelly said: "Paying the Living Wage and improving other benefits like holidays, sick pay and life assurance is not just an important part of KPMG's values or corporate responsibility agenda, it is about sound economic management.


"The decision is economic, due to the benefits we have seen and the decision did not increase costs."


The Living Wage for Live Events educational session will take place at KPMG headquarters in Canary Wharf on 26 February from 2-4pm. To register visit http://www.abpco.org/abpco-roundtable/.


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