DRAGONSAVERS CREDIT UNION CELEBRATES LIVING WAGE COMMITMENT
July 20, 2017
The Living Wage
Foundation is pleased to announce that Dragonsavers Credit Union has accredited
as a Living Wage employer.
Their Living Wage commitment will see everyone
working at Dragonsavers Credit Union, regardless of whether they are direct
employees or third-party contracted staff; receive a minimum hourly wage of
£8.45. This rate is significantly higher than the statutory minimum for over
25s of £7.50 per hour introduced in April 2017.
The real Living Wage is an hourly rate set
independently and updated annually. The Living Wage is calculated according to
the real costs of living.
Dragonsavers General Manager, Christina Stoneman said “we consider our staff as an investment not an expenditure, paying
the living wage is part of our commitment to them and demonstrates the value we
put on the skills and experience of our staff.”
Employers choose to pay the real Living Wage on
a voluntary basis. The Living Wage enjoys cross-party political support.
Chapman, Director, Living Wage Foundation said: “We
welcome Dragonsavers Credit Union to the Living Wage movement as an accredited
“Responsible businesses across the UK are voluntarily signing up to pay
the real Living Wage now. The real Living Wage rate is annually calculated to
reflect the real costs of living.”
“We are a movement of over 3000 UK employers who
together want to go further than the government minimum to make sure all their
staff earn enough to live on. We have lots of small businesses as well as big
household names like; IKEA, Aviva, Chelsea and Everton Football Clubs and many
These businesses recognise that the Living Wage accreditation is the
mark of a responsible employer and they, like Dragonsavers Credit Union join
us, because they too believe that a hard day’s work deserves a fair day’s