National Living Wage
The Government's National Living Wage was introduced in April 2016 and sets a compulsory minimum rate of pay for workers aged 25 and over. The rate as at 1 April 2017 is £7.50 per hour.
The University of Nottingham took the decision to pay this rate as its ‘minimum’ rate for all workers of any age (including casual staff), rather than only applying this rate to workers aged 25 and over.
Voluntary Living Wage
The Voluntary Living Wage is calculated annually by the Resolution Foundation (overseen by the Living Wage Commission) and is promoted by the Living Wage Foundation. It is down to individual employers to consider whether or not they adopt it and to choose whether or not they wish to sign up to being a Living Wage Employer.
Whilst The University of Nottingham has not signed up to be a Voluntary Living Wage employer, we are committed to compensating our employees fairly for the work that they do and have focused on the pay of our lower earners in recent pay awards.
At the University of Nottingham the annual pay award takes effect from 1 August each year.
We have local pay bargaining processes for employees represented by UNISON and UNITE.
In 2016/17, we made a local pay offer which meant that employees were paid in line with the voluntary living wage which applied at 1 August 2016.
The University is committed to providing pay and conditions of employment and a working environment which maintains our position as an attractive employer, locally, nationally and internationally.
In addition to pay, we offer a range of valuable benefits to staff as part of the overall package of terms and conditions. These benefits add significantly to our pay bill for example in respect to pension, annual leave and sick pay, however, we believe that this investment is important in offering our employees access to a range of valuable benefits on top of their rate of pay.
We are very aware of how wider economic conditions have affected people's standard of living and hope this will go some way towards helping our lowest paid members of staff.