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Paying Living Wage gives clear benefits to a company, says KPMG's Robert Bolton

There has been increasing discussion recently around the concept of the Living Wage for the nation’s legions of support staff such as cleaners, caterers, security staff and others – helped by the first official ‘Living Wage Week’ held at the beginning of November.

In it, new hourly rates were announced of £8.55 in London and £7.45 in the rest of the country. This compares to a national minimum wage of £6.19. But why should companies bother, you might ask? Surely paying that extra rate is just inviting more cost at a time when many organisations can ill afford it?

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