Commenting on new research by Child Poverty Action Group on working poverty, Jatin Patel, social mobility manager at KPMG UK said:
“It’s an unfortunate reality that working people are still unable to earn enough to provide their family a basic lifestyle. The findings of this report reiterate the importance of paying the real Living Wage, which can help lift people out of working poverty and in turn improve social mobility.
“With the cost of living higher than it’s ever been, we as employers can take active steps to address this by paying the real Living Wage. This also delivers tangible business benefits. In our own firm and supply chain it has improved staff morale, driven a rise in service standards, improved the retention of staff, and increased our productivity.
“It may not be possible or practical for everyone, but all organisations need to do what they can to address the problem of low pay. Of course, change cannot happen instantly, but making an initial assessment is an important first step.”
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Notes to Editors:
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and territories and has 200,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.