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Mon, 21 Jun 2021
The fourth Manx Government Living Wage Report has been published.
The report, which can be accessed here, calculates the figure as £10.87 an hour and includes the full methodology behind reaching that figure.
The rate reflects a weekly wage, before tax, of £413.21 and an annual salary of £21,487.
The Manx Living Wage is a voluntary rate of pay that companies can choose to adopt to demonstrate their position as responsible employers, whereas the minimum wage is legally enforceable.
At £10.87 an hour, the Manx living wage 2021 is £2.62 an hour more than the Island’s current minimum wage of £8.25 for over 18s and compares with £9.50 for the UK living wage, and £10.85 for the London living wage. This would amount to an annual increase of £5,185 for a full-time employee in the Island who moved from the minimum wage to the living wage.
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