Our Basingstoke recruitment agency saw our very first Work Experience Student recently, courtesy of Basingstoke Consortium. One of the tasks we set him was to research the National Minimum Wage & the Living Wage and to write a blog. It’s very insightful for a 15 year old student with little experience of the working
world. So much so that we’re making it the subject of our next HR Peer Group on Thursday 8th October. Here’s his take on the economics of earning a living.
Minimum Wage (and Living Wage) By Josh Andrews
The wages constantly change, every few years it seems. Currently the minimum wage is at £6.50 per hour, it will be raised to £6.70 by October 1st, a whole 20 pence! Meanwhile the living wage is a mere 21% more than that, at £7.85 across the nation, and an admirable £9.15 in London
It is a controversial debate, with people constantly complaining, striking and more, to change it to a higher number. Some people struggle to get by, having to pay rent, food and water prices, electricity bills, and whatever else they may need to pay on a monthly basis. In total, a month of minimum wage is £1,126, which totals £13,512 for a year of work.
For students attempting to not only pay off their university tuition of about £9,000, but survive away from home, it can be a struggle. The ‘Living Wage’ is a great idea, making it so people won’t be scraping by every month, but it still doesn’t amount to much.
It is understandable that in some places, raising the wage for ALL workers can be difficult, as it comes at a higher cost, but everyone working should be able to live comfortably without fear of not making their monthly payments. Finding work in the current job market can be difficult, especially if you are fresh out of school and aren’t very qualified or experienced. Many jobs that people can just about land do not provide all that much money, maybe just enough to get by on. A higher minimum wage means more people staying in their jobs, but less job availability.
Not only will less jobs be available, as companies will be more frugal about hiring more expensive workers that may not be very useful, prices of most things will follow the trend and go up – Food, clothing, entertainment items, amongst other things, will also rise to a suitable price, and in an essence even though more money is made, it’ll be the same as before the rise – more people not working, more things costing higher amounts of money.
As Enterprise Coordinator at Enterprise M3 LEP, Shirley Ducker helps schools and colleges improve their careers and enterprise activities to engage with the world of employment. But it’s through her own personal journey that she’s learned the most about the power of networking. Shirley’s here as a guest blogger to share her experience with you…[…..]
As we’re all living – and working – for longer, the age range in most workplaces is becoming broader. In some cases, there can be an age gap of 50 years or more between staff. All diversity enriches the work culture, but it can require some education to manage it effectively. ACAS recently published a[…..]
There are countless reasons why recruiting a person under the age of 25 could be beneficial to the success and growth of your business. As a job agency in Basingstoke, we’ve recently been reminded of the benefits of this yet again. Spring is a time for new beginnings and you’ll not only be opening a[…..]
As a recruitment agency that’s also heavily involved in the community, we can’t stop talking about the many benefits of apprenticeships. These positions give young people and career-changers the opportunity to study for a work-based qualification that is often the first stepping stone in a bright career. Our apprentice, Kyra Wallace, recently completed her time[…..]
In recruitment, as in life, things rarely work out as expected. The news reminds us daily that it’s actually wise to expect the unexpected. For example, you’ve got to wonder if there’s a teeny weeny bit of Theresa May’s brain that wishes she had pre-prepared a plan B for how Brexit is unfolding… We[…..]