Crestbridge has worked with the Caritas Jersey, who are licenced by the Living Wage Foundation to run the Living Wage Campaign in Jersey, to ensure all those it works with benefit from being paid their local Living Wage.
Making such a commitment means Crestbridge has pledged to ensure all those individuals it works with, including staff, contractors and external suppliers, are paid at minimum, the Living Wage which is £12.19 p/h for 2023.
The move, which spans Crestbridge’s UK offices in London and Southampton, as well as Jersey, has been officially accredited in Jersey by local charity Caritas and in the UK by the Living Wage Foundation.
Following the launch last year of the business’s One Community initiative, designed to make a positive difference to the communities in which it operates, Crestbridge’s pledge to the Living Wage campaign also builds further on its wider commitment to the UN Global Compact (UNGC) to which it became a signatory in November 2020.
The Living Wage rate takes into account the cost of living, taxes and the value of benefits available to working families on low incomes. Its aim is to make sure that, on average, a worker receiving the living wage rate can live with dignity and is able to thrive, not just survive within their local community. It’s hoped, by encouraging employers to sign up as Living Wage providers, local businesses can play their part in eradicating poverty in Jersey.
Commenting on signing up to the Living Wage, Mike Edward, Chief People Officer at Crestbridge, said: “We are incredibly proud to have worked with Caritas to ensure all who work for and with Crestbridge benefit from a living wage that takes into account the true cost of living.
“As an organisation, we understand we have a duty to fairly remunerate not just those directly employed by us, but also those who we rely upon to support our operations. I hope to see more businesses taking the opportunity to make such an important commitment to their communities.”
Caritas Jersey is the local charity licensed by the Living Wage Foundation in the UK to manage and co-ordinate the promotion of a ‘Living Wage’ in Jersey, through its ‘Jersey Living Wage Campaign’. The campaign is one of Caritas’ four main projects; the others being the Social Inclusion Project, Prisoners’ Families Support Scheme and the Homelessness Project.
Patrick Lynch, CEO of Caritas, added: “We are delighted that Crestbridge has joined the community of financial services firms that have made the commitment to pay the Living Wage. We are continuing to work hard to grow the range of businesses in all sectors who are prepared to make the Living Wage commitment, which is particularly pertinent at this time when the Cost of Living Emergency has become even starker with last week’s inflation figures.”
Pictured: Mike Edward, Chief People Officer at Crestbridge, and Patrick Lynch, CEO of Caritas.