Having become a Living Wage employer and being one of a pioneering group of nearly 3000 employers paying the real Living Wage, Cyclehoop are pleased to announce that we will be increasing our hourly rate of pay in line with the Living Wage Foundation’s newly recommended rate as of the 1 st May 2017. The real Living Wage is independently calculated based on what employees and their families need to get by.
MD Anthony Lau said
“We are really proud to be London Living Wage employers and to be showing support for paying a wage that meets the cost of living. This not only helps our employees afford to live with dignity but also helps our business by improving motivation, retaining and attracting a quality workforce.”
Katherine Chapman, Director of the Living Wage Foundation said
“Business by business and organisation by organisation our employers are voluntarily choosing to close the pay gap in the UK between what people need to live on and the government minimum that every employer has to pay. Today’s increase in the real Living Wage will mean thousands of employees around the country will get a much needed increase to their pay packet to help them meet the cost of living. That’s the difference paying the real Living Wage makes. During Living Wage Week we celebrate the leadership of those great Living Wage employers who make this possible.”
You can find out more about our fantastic staff here on our meet the team page.
