National Minimum Wage vs. Living Wage in UK

Imagine when  you sit down to a table and have a chat with a 10 years old little chap and he tells you to look into the London Living Wage and I go like : "What's that?"

Guess what? At some point my dreams come true and frankly it is nice to so that there are actually companies who apply these guidance rules, but it is shocking that I can be surprised in such a way by someone much younger than me and I even love it :)))

So let's first of all clarify what I am talking about when I speak about Living Wage. Yeah, sure it is clear as sun, but it isn't the mandatory National Minimum Wage!!! and guess what it really should be implemented in your business' life if you want to prosper on a long run, and actually feel what it means to have happy, more motivated and loyal staff, and a #successful business.

So shortly the Living Wage is calculated sort of to balance work and life situation, and  well... if you are honestly honest, frankly I don't see the issue why your business couldn't prosper and you wouldn't be able to afford to pay that amount out. 

According to Living Wage Foundation these amounts are calculated and set independently according to basic cost of living in the UK. 

• The current UK Living Wage is £7.85 an hour
• The current London Living Wage is £9.15 an hour

How much difference does these amounts make?? A LOT... and I wish more companies would join this track and keep the good things up as well. The only thing perhaps that I am bit concerned about is that some might use this out so I hope there is a tough procedure worked out to keep this kinda under control, because if someone is money hungry they'll never learn, and just keep exploiting others to get rich as mad. 

Well... Happy looking, learning, developing, Easter and more success to take the steps to a better future and stop being stingy! :P 

Watch the below short video: Peter Cook from CTS Cleaning Solutions Ltd. who tells as it is and he seems to get the point (frankly for me he seems to be an upfront person, and as he talks, I don't think he is as most companies on the market: rubbish and non sense, hungry for money and loosing the sense of the whole success of their business, life, staff etc.)

http://www.londonlive.co.uk/news/how-can-a-business-afford-to-pay-above

(Nodding as a sheep on the other side of the table is never a solution and won't save your ass either:D) 

PS: No matter where you are around the globe, get one thing: You can do much better and will do much better as a business, if you understand that there is a better life above minimum wage and specially if you are the one who pays the salary, just plan, implement, check and keep things moving, what goes around comes back around again (even good things ;) ) and is/ will be worth it.