The Living Wage Foundation have granted accreditation to Europe’s leading solar energy company, Lightsource Renewable Energy Holdings (“Lightsource”), for their efforts in committing to the Employee Living Wage.
The commitment will apply to all Lightsource employees, including permanent workforce or third-party contractors, who will receive a minimum hourly wage of £9.40 – significantly higher than the national minimum wage of £6.70 per hour and the new minimum wage premium for over 25s of £7.20 per hour introduced in April 2016.
The accreditation further reinforces Lightsource’s commitment to its employees and its reputation as a conscientious corporate entity.
Nick Boyle, CEO of Lightsource said:
“We’re proud to be part of a growing network of responsible employers. Joining the Living Wage Foundation is another example of Lightsource taking social responsibility seriously, as part of our ongoing attempts to be the best employer we can be. We want our staff to know we are dedicated to securing their future, year in, year out.”
The Living Wage is a robust calculation that reflects the real cost of living, rewarding a hard day’s work with a fair day’s pay.
The Living Wage is recalculated every year, and businesses and organisations must adjust the wages they pay their staff accordingly, to retain the Living Wage accreditation.
Katherine Chapman, director, Living Wage Foundation, said:
“We are delighted to welcome Lightsource Renewable Energy Holdings to the Living Wage movement as an accredited employer.
“The best employers are voluntarily signing up to pay the Living Wage now. The Living Wage is a robust calculation that reflects the real cost of living, rewarding a hard day’s work with a fair day’s pay.”