The 10 big companies who haven’t signed up to the Living Wage

Ten of Britain’s largest companies still haven’t signed up to pay their employees the ‘real’ Living Wage, according to an investigation.
Three of them even pay their bosses in foreign currencies, leaving them at risk of currency variations.
Just a few days ago, the ‘real’ Living wage was brought up to £8.45 an hour, and increase of 20p.
In London, the increase will be even higher, to take into account the high costs of living in the capital. Wages there will go up by 35p, taking them to £9.75.
The ‘real’ Living Wage is not compulsory legislation but a voluntary standard which has so far been taken on board by some 3,000 businesses.
The current national living wage brought in by the UK government is currently standing at £7.20 for people over the age of 25.
Campaigners say that it is important that these government standards exist, but that the national living wage does not properly take into account what is really needed by employees and their families to live.
However, ten of the biggest companies worldwide have so far failed to sign up to the real Living Wage.
The ten are BP, Royal Dutch Shell, British American Tobacco, Vodafone Group, Diageo, Reckitt Benckiser Group,Shire, Rio Tinto, Imperial Brands and BT Group. They have now come in for heavy criticism.
Dr Wanda Wyporska, executive director of The Equality Trust described it as a “national scandal” that massively profitable firms were not Living Wage accredited.
He added: “And it’s some of the big players who aren’t registered.”
He pointed out that two thirds of the FTSE 100 companies had not yet signed up to the official Living Wage.
This, he said was “rich” considering that many of the top bosses of the firms had been handed pay rises of an average of 10 per cent.
He said that not only was huge pay inequality harmful to society, but also to the economy.
The campaigner added: “We know that more unequal societies have lower levels of trust, worse mental and physical health, and higher rates of violent crime. This hurts both individuals and companies.
“Business is not isolated from communities, but draws its workers, skills, ideas and consumers from society. Business can play a huge role in transforming society by paying a fair wage, providing transparent pay practices, and reducing inequality.”