Rowan Precision Limited has today been accredited as a Living Wage Employer. Their Living Wage commitment will see everyone working at Rowan Precision Limited receive a minimum hourly wage of £9.90, significantly higher than the government minimum for over 23s, which currently stands at £9.50 per hour.
Rowan Precision Limited is based in West Midlands, a region where almost a fifth of all workers (19.3%) earn less than they need to earn to get by, with around 434,000 jobs paying less than the real Living Wage. Despite this, Rowan Precision Limited has committed to pay the real Living Wage and deliver a fair day’s pay for a hard day’s work.
The real Living Wage is the only rate calculated according to the costs of living. It provides a voluntary benchmark for employers that wish to ensure their staff earn a wage they can live on, not just the government minimum. Since 2011 the Living Wage movement has delivered a pay rise to over 300,000 people and put over £1.6 billion extra into the pockets of low paid workers.
Glenn Aston, Finance Director, Rowan Precision said “Here at Rowan Precision Limited we are proud of our workforce, and we are committed to ensure that every one of them earns a wage that they can live on. We strongly believe in this and are proud to be a member of the National Living Wage Foundation”
Katherine Chapman, Director, Living Wage Foundation said: “We’re delighted that Rowan Precision Limited has joined the movement of almost 9,000 responsible employers across the UK who voluntarily commit to go further than the government minimum to make sure all their staff earn enough to live on.
“They join thousands of small businesses, as well as household names such as Burberry, Barclays, Everton Football Club and many more. These businesses recognise that paying the real Living Wage is the mark of a responsible employer and they, like Rowan Precision Limited, believe that a hard day’s work deserves a fair day’s pay."