Therefore, many companies ended up targeting specific groups of workers, or locations, with special pay supplements. However, labour shortages and the high cost of living in London, with its knock-on recruitment and retention problems, subsequently forced many companies to adopt some form of the London allowance. Renting somewhere in London is expensive , make no mistake about it.
However, these high prices do not seem to deter new graduate teachers from choosing London as their first choice destination and we look at how to make living in Lambeth more affordable here. But of course, teachers just like anyone else getting on the employment ladder in the capital welcomes the London salary weighting system. If you decide to teach in a maintained school in the United Kingdom, you will be paid accordingly to the nationally agreed pay scale. Below is a table showing some approximate annual salaries if you decide to teach in a maintained school.
The Centre for Research in Social Policy at Loughborough University has recently looked deeply into whether the London weighting system goes far enough. The government understands the need to look into how the London Weighting system reflects in housing for teachers. And one idea that has been proposed is building housing for school staff on low and middle income salaries at a subsidised cost. In other plans, aconstruction company has been commissioned to look into the possibility of using school land to build housing units specifically for teachers and staff.
This could be a great idea for teachers to live close to the schools they work in. This would also reduce travel costs for these teachers, and it would also improve recruitment and retention costs in the long-term. In addition, newly graduate teachers would be more likely to stay in the profession if some of their financial burden is relieved. There would also be significant savings in recruiting, retaining and other factors such as reduced long-term sick pay costs.
Lambeth is considered a fairly youthful borough of London. The dynamic lifestyle is dominated by the fast pace of the younger generation as well as the large population of working professionals, who come here seeking excellent transport links, a cosmopolitan social scene, and relatively affordable housing.
Lambeth borough is working hard to make the area a place people want to live and work. The borough is working on improving all the neighbourhoods and town centres so they feel safe and welcoming. Continual investment in a network of green spaces supports the residents physical activities and wellbeing.
The borough is also working hard to reduce the environmental impact by cutting carbon emissions, significantly reducing waste, and encouraging reuse by residents and businesses.
This is mainly due to the high costs of housing, transport and childcare. London Weighting has risen relatively little over the past 15 years, despite a rapid rise in costs, particularly housing. This could be partly due to the fact that there is no longer a body which is responsible for the calculation or promotion of it. Changes to London Weighting in Inner London include:. To put this in context, public transport is around 3. As a result, many modestly paid workers in London are unable to afford a basic standard of living.
Our research shows how much more Londoners need to afford a minimum standard. While not all employers can afford to pay a large London supplement, these figures provide a benchmark. They are not based on an extravagant metropolitan lifestyle, but rather on what ordinary Londoners told us is needed to meet a minimum household budget.
If you start tinkering around, with some roles receiving more and others receiving less you leave yourself vulnerable to claims of discrimination. In the original report, a 4-mile radius of Charing Cross was all that the Pay Board recommended but London was a smaller and very different place in the 70s.
To put it into perspective, Chelsea was seen as a dodgy area and Streatham was Surrey. Now Greater London can really be imagined as anywhere within the M In fact many would argue that London weighting should be replaced entirely with a south-east equivalent, encompassing the equally extortionate suburbs and the hyper-affluent, collegiate towns like Oxford and Cambridge.
For the time being however just ensure that Croydon is in the same bracket as Clapham. As such a London wage has to be formulated using the same logic. Implementing a concrete London wage will generate a fair bit of pushback. Over the years people will try and cut corners to keep the price down. You want to state that the figure will change with inflation and include an area parameter, as well as making clear that the compensation is not an optional benefit but a part of company policy.
They often come as an afterthought but remote and gig workers play a central role in many businesses nowadays, particularly in a supply, delivery or creative capacity. However, from the employee point of view, they live in a precarious situation, which is heightened in London.
Many of them will be living on the breadline. Being mindful of London weighting will be more important in years to come. This year already we've seen an unprecedented amount of professionals moving out of the city, some , This trend has its roots in the unmanageable cost of living; many simply do not think it's worth the penny-pinching.
So if you're looking to protect your talent pool and whats more make life enjoyable for your employees, it's vital you add more weight to your London wage.
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