The voluntary commitment ensures that Stone King employees will earn no less than a living wage based on the actual cost of living. The hourly rate is higher than that of the government national living wage which is based on median wages.
Commenting on real Living Wage accreditation which is a voluntary benchmark for employers, Stone King Managing Partner, Steven Greenwood said:
“Across all roles, Stone King team members work incredibly hard to serve the needs of our clients. Taking the decision to become a real Living Wage accredited employer reflects just how seriously we take our duty as a responsible employer that cares about the well-being of the people who make Stone King one of the UK’s top law firms.”
Plans are also in place to ensure that all Stone King’s third party-contracted staff are paid the real Living Wage.
Laura Gardiner, Director, Living Wage Foundation which announces the hourly rate as part of the annual Living Wage Week said:
“We’re delighted that Stone King has joined the movement of over 7,000 responsible employers across the UK who voluntarily commit to go further than the government minimum to make sure all their staff earn enough to live on.”
The current UK real Living Wage hourly rates which are independently calculated annually by the Resolution Foundation are £9.50 per hour and £10.85 for London to reflect the higher costs of living in the capital.