We’re proud of our achievement. We believe our people are our greatest asset. They’re vital to our success, as such they should be rewarded fairly. It’s not the law, it’s voluntary, but we believe it’s the right thing to do. We guarantee that our colleagues are paid a wage that meets their everyday needs.
The real Living Wage is higher than the minimum wage for under 23s and the National Living Wage for over 23s, both set by the Government. It’s independently calculated based on what people need to get by. We’ve joined almost 9,000 UK businesses who are recognised as real Living Wage Employers.
The impact of the real Living Wage
Almost 300,000 people have received a pay rise as a result of the real Living Wage campaign, which enjoys cross party support. There’s a diverse range of employers accredited with the Foundation. These include 2/5 of FTSE 100 and household names including Nationwide, Google, Brewdog, Everton FC and Chelsea FC. And now Target Group!
Why it matters to Target
We want our colleagues to feel supported and appreciated, at work and in their everyday lives. Covid has meant work and home life are interconnected. Many must juggle working from home with family or caring responsibilities. Our people are talented, and we’d love them to grow their careers with us. It’s important we do all we can to look after them and encourage them to build a future here.
Nobody should have to choose between putting food on the table or having the heating on. This shouldn’t happen, ever. The rising cost of living and increased energy prices means people are feeling the pinch. Paying a real Living Wage is now more vital than ever.
Our continued commitment
We’ve largely invested in this initiative to date. We’re proud of this commitment. But it’s not all about pay. We continue to look at ways to support and help our colleagues progress. We provide mentoring, continuous professional development, funding for training and much more to support career development. This has resulted in over 180 internal promotions this year. We’re committed to increasing that number further.