Oxford renews Living Wage commitment
Oxford Bus Company has renewed its commitment to paying the Oxford Living Wage of £10.31 an hour.
The Go-Ahead-owned company has been accredited as an Oxford Living Wage Employer by Oxford City Council for the third year running.
The Oxford Living Wage is a minimum hourly rate of pay that promotes liveable earnings for all workers and recognises the high cost of living in Oxford. The rate of pay is set annually and is linked to the Living Wage Foundation’s Real Living Wage. The Living Wage Foundation sets two rates, one for London and one for the rest of the country.
Oxford City Council has set the rate at 95% of the London Living Wage as Oxford is one of the most expensive cities in the country.
“The Oxford Living Wage makes great business sense and helps us attract and retain colleagues” – Phil Southall, Oxford Bus Company Managing Director
Phil Southall, Oxford Bus Company Managing Director, said: “The Oxford Living Wage makes great business sense and helps us attract and retain colleagues. As a responsible employer operating in a city that is expensive to live in, we believe it is important to be a member of the Oxford Living Wage to ensure we reward our colleagues properly. It also helps us attract local people to the company, which reduces commuting times for many people.
“We are a people business and we invest significantly in training and colleague wellbeing and by paying the Oxford Living Wage it means colleagues can earn a decent living without having to work really long hours.”