Living Wage

Wozzad Limited follows the recommended living wage rates set out by the Living Wage Founcdation. The Living Wage is an hourly rate calculated according to the basic cost of living in the UK. It is set independently and updated annually. There are two rates of Living Wage: one for those based in Greater London (London Living Wage) and another rate for the rest of the UK (UK Living Wage).

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The current hourly rates for London Living Wage and UK Living Wage can be found on the Living Wage Foundation website at www.livingwage.org.uk. Employers choose to pay the Living Wage on a voluntary basis as opposed to the National Minimum Wage and the National Living Wage which are statutory obligations.

Wozzad recognises that payment of the Living Wage gives an enterprise various benefits, which may include:

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• Staff retention and reduced turnover;

• Increased employee engagement;

• Reduced absenteeism;

• Increased commitment to the organisation;

• Ethical employment practices; and

• A contribution to reduction in poverty affording people the opportunity to provide for themselves and their families.

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