Nick Hurley and Annie Green write for Employee Benefits on the impact of dropping the real living wage pledge
Earlier this year, Brewdog announced that due to trading losses and financial instability, it will drop its real living wage pledge from April onwards.
Although the real living wage remains a voluntary rate that employers can choose to pay, as set out by the Living Wage Foundation, many employers may be facing an increased pressure to opt in to this scheme to maintain both reputation and their existing workforce.
However, before pledging to pay the increased rate, employers should consider the subsequent impact that the real living wage will have on the pay structures within the business and how this will impact profit margins.
Nick Hurley, Partner and Head of Employment and Annie Green, Trainee Solicitor, write for Employee Benefits on the importance of striking a fair balance between prioritising the financial success of the organisation and paying a fair wage to their staff.
Read the full piece in Employee Benefits here.
