Maven Capital Partners has achieved Living Wage, Living Hours and Living Pension accreditation underlining its commitment to providing security and stability for staff now and in the future.
Maven Capital Partners is a leading private equity and property manager. The company backs growing businesses across a range of sectors, providing the essential capital and expertise to unlock potential and accelerate growth.
The three accreditations recognise Maven’s commitment to ensuring all employees are paid at least the real Living Wage, have predictable and secure working hours, and receive meaningful support towards a decent retirement.
Marta McCulloch, People Business Partner at Maven said:
“We are delighted to have achieved triple Living Wage accreditation. For us, it’s about more than accreditation, it’s a reflection of our commitment to fair pay and supporting our colleagues both now and in the future.
We are proud to be part of the growing community of employers who share these values, and we hope to see that number continue to increase”
The Living Wage commitment will see everyone working at Maven Capital Partners receive a minimum hourly wage of £13.45. This rate is higher than the government minimum for over 21’s which is currently £12.71 per hour.
A Living Hours commitment guarantees workers predictable scheduling and enough guaranteed hours, while Maven’s Living Pension pledge will help staff build a pension pot to provide an income that meets basic needs in retirement
Lynn Anderson, Living Wage Scotland Manager said:
“We are delighted that Maven Capital Partners has achieved Living Wage, Living Hours and Living Pension accreditations. They join a significant and growing movement of employers across Scotland that are committed to tackling low pay and insecure work.
“Employers increasingly recognise that financial security and stability can help create a happier, healthier and more motivated workforce and we hope to see many more employers join Maven Capital Partners in going beyond the minimum.”
Since 2011 the Living Wage movement has delivered a pay rise to over 72,000 people in Scotland, putting £680 million extra into the pockets of low paid Scottish workers.
Research by the Living Wage Foundation shows that approximately 250,000 workers are in insecure work and paid below the real Living Wage in Scotland. The Living Hours standard was created to ensure that people have predictable working patterns and income, enabling them to better plan their lives.
The Living Pension standard builds on the real Living Wage by providing stability and security for workers now and in the future. The standard sets out the minimum annual contribution required through an average working life to reach this savings level, and employers commit to making sure all workers can access this.