Challengers celebrates commitment to paying Real Living Wage

7th March 2022

We are so excited to share that we are now officially accredited as a Living Wage Employer, paying the Real Living Wage! As an accredited employer, all members of staff working at Challengers now receive a minimum hourly wage of £9.90 (£11.05 in London), regardless of their age.

These rates of pay are significantly higher than the government minimums, which currently stand at £6.56 for 18-20 year olds, £8.36 for 21 and 22 year olds, and £8.91 per hour for over 23s.

CEO Gen Dearman said: “At Challengers we are committed to looking after our team, knowing that our people underpin everything that we do. The ongoing increases to the cost of living affects everyone and so we are delighted to be accredited by the Living Wage Foundation for our commitment to paying the Real Living Wage”

The Real Living Wage is the only rate of pay which is calculated according to the costs of living. It provides a voluntary benchmark for employers that wish to ensure their staff earn a wage they can live on, not just the government minimum. Since 2011 the Living Wage movement has delivered a pay rise to over 300,000 people, and put over £1.6 billion extra into the pockets of low paid workers.

Katherine Chapman, Director, Living Wage Foundation said: “We’re delighted that Challengers has joined the movement of almost 9,000 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.

“They join thousands of small businesses, as well as household names such as Burberry, Barclays, Everton Football Club and many more. These businesses recognise that paying the Real Living Wage is the mark of a responsible employer and they, like Challengers, believe that a hard day’s work deserves a fair day’s pay.”

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