The wellbeing of our employees is particularly important to me, and I understand that this often can be impacted by financial circumstances. So I was proud to represent the University at a city-wide Living Wage event a year ago, at which we become an accredited Living Wage Foundation employer.
Being a Living Wage employer means that we have committed to paying all of our employees the real Living Wage, a rate higher than the minimum wage that is based on the cost of living. We also encourage all in our supply chain to do the same.
Last week marked the first anniversary of the University of Bristol becoming an accredited Living Wage employer. This was marked on 15 November by a Living Wage Week event at City Hall. At the event we heard from other Living Wage Foundation-compliant organisations who reported increased employee wellbeing, reduced absenteeism, greater productivity and longer service attributed to receiving the real Living Wage. We also heard from employees receiving the real Living Wage who said their wellbeing had improved due to increased financial stability, which in turn had led to a reduction in financial pressure, more family time and greater financial freedom. The Mayor, Marvin Rees, also spoke about the city’s aspirations to become a Living Wage city and what we can all do to help towards achieving this goal.
As part of our Living Wage employer commitment, the Procurement Team has carried out an audit of its primary supply chain over the last year to ensure our suppliers pay their employees the real Living Wage. The team is also reviewing our tender documentation so that it reflects University values and encourages suppliers to pay their employees the real Living Wage. In addition, the Human Resources team has launched apprenticeships paying in excess of the Living Wage. I am proud to say that these measures have positioned us as a leading Living Wage employer in the city.