A PRINTING COMPANY, Minuteman Press, has become the first Cambridge employer to become Living Wage accredited with support from Cambridge City Council in 2019.
Minuteman Press Cambridge offers printing, copying and design services for Cambridge and the surrounding areas.
The company is the first printer to have become Living Wage accredited in Cambridge by publicly committing to pay staff at least £9 per hour.
Minuteman Press Cambridge directly employs six people and has been providing services for other businesses in the city as well as individuals for nearly 10 years.
Cllr Anna Smith, Executive Councillor for Communities, said: “I want to congratulate Minuteman Press Cambridge on their Living Wage accreditation. This is a great start to the New Year for our campaign for fair pay.
“As well as benefitting employees, Living Wage employers report many business benefits of accreditation.
“For instance, they tell us it improves their reputation as an ethical employer, and this helps attract new business and high quality employees. Living Wage accreditation can also increase the retention rate of staff, saving recruitment and induction costs.
“Our council team are there to help support your business through the Living Wage accreditation process and can identify specific benefits for each business.
“Living Wage accreditation is just one of the ways in which we are helping businesses to make a difference in preventing and tackling poverty.
“We can help businesses make an action plan for giving something back to the community by supporting the local voluntary and community sector. I would encourage businesses to make a New Year’s resolution get in touch with the council today via firstname.lastname@example.org to see how we can help.”
Denis Martin, Owner of Minuteman Press Cambridge said: “As a business, which from inception has rewarded all our people with a monthly profit share scheme, we had come to realise that the real Living Wage was an opportunity to recognise a clear distinction between a minimum salary to meet living costs and a reward incentive.
“We hope that a combination of paying the real Living Wage as a minimum and the ability for everyone to share in the financial success of the business will benefit our recruitment of new employees as we expand in 2019 and beyond.”
The real Living Wage is the independently calculated to reflect costs of living. It is calculated based on a range of measures relating to what people require in order to meet their needs and participate in society. In comparison, the national living wage is based on a percentage of median income and aims to reach 60% by 2020, which means it is a lower rate of pay.
There are now 67 employers based in Cambridge accredited with the Living Wage Foundation, demonstrating their commitment to fair pay.