A Peterborough company, who pay the Living Wage, was celebrated in the European Parliament ahead of National Living Wage Week which runs from Sunday 5th November.
Rapidrop, based on New Road, is the UK’s second largest manufacturer of sprinkler heads and supplier of fire protection equipment.
Alex Mayer MEP recently visited the company and spoke to Managing Director, Keith Plater, who said much of the company’s success is built on the back of happy employees.
Speaking in the Parliament Ms Mayer said:
“From Wembley Stadium to Zagreb airport to Tivoli Gardens - you can find the products of this thriving fire sprinkler business.
“But they don’t only improve safety in buildings they also care about the security of their employees and are proud to be a Living Wage company.”
Rapidrop are one of over 3,500 companies, as of last week when Living Wage accredited employers reacher their 3500th member, who now pay at least the Living Wage of £8.45 to all staff. This includes sub-contractors, so cleaners and maintenance people benefit too.
The Living Wage is renewed annually against the minimum income needed to achieve a socially acceptable standard of living, and is independently calculated by the Living Wage Commission and think tank the Resolution Foundation.
The Living Wage Foundation say 62% of accredited Living Wage employers report the scheme has improved both retention, and 53% say it has improved recruitment into positions.
Ms Mayer continued: “It’s good for business, good for employees and good for society.”