As an employer that believes people should be paid fairly for what they do, we’re thrilled to continue our longstanding partnership with the Living Wage Foundation this April.
Vaultex have been a Living Wage Foundation accredited employer since 2016, meaning our salaries have met or exceeded the ‘real’ living wage for several years. It’s a rate that sits above the government-set national minimum wage, calculated on the current cost of living.
From next month we’re proud to deliver the highest pay increase in Vaultex history across our minimum salary scales; a move that also surpasses the current recommended Living Wage Foundation rates by 2.39%.
The increase means our minimum salary has grown by 34% since 2020. This is a figure that massively outperforms inflationary increases in the same timeframe, and equally, represents a significant commitment to our people that we’re immensely proud of.
What hasn’t changed (and what has)
Two years with Chapter One
Cash in reserve