London weighting
London Weighting
London Weighting is an additional payment given to employees working in London to compensate for the higher cost of living in the city. It is a form of allowance that aims to address the disparity in living expenses between London and other parts of the United Kingdom.
Overview[edit | edit source]
London Weighting was introduced in the 1970s as a response to the higher living costs associated with residing in the capital. The allowance is typically paid to employees who work within specified areas of Greater London, although the exact eligibility criteria may vary between employers.
Purpose[edit | edit source]
The primary purpose of London Weighting is to help employees cope with the higher expenses they face while living and working in London. These expenses include housing, transportation, and general living costs, which tend to be significantly higher in the capital compared to other regions of the country.
Calculation[edit | edit source]
The amount of London Weighting varies depending on the employer and the specific job role. It is usually calculated as a fixed amount or as a percentage of the employee's base salary. The rates can differ significantly between different sectors and industries.
Controversies[edit | edit source]
London Weighting has been a subject of debate and controversy over the years. Critics argue that the allowance does not adequately reflect the true cost of living in London, especially considering the skyrocketing housing prices and the overall high cost of living in the city. Some argue that the allowance should be increased to better align with the actual expenses faced by London-based employees.
Impact[edit | edit source]
London Weighting plays a crucial role in attracting and retaining talent in the capital. It helps employers remain competitive in the job market by offering additional financial support to employees who choose to work in London. The allowance is particularly important for lower-paid workers who may struggle to afford the higher living costs without this additional support.
See Also[edit | edit source]
References[edit | edit source]
Search WikiMD
Ad.Tired of being Overweight? Try W8MD's physician weight loss program.
Semaglutide (Ozempic / Wegovy and Tirzepatide (Mounjaro / Zepbound) available.
Advertise on WikiMD
|
WikiMD's Wellness Encyclopedia |
| Let Food Be Thy Medicine Medicine Thy Food - Hippocrates |
Translate this page: - East Asian
中文,
日本,
한국어,
South Asian
हिन्दी,
தமிழ்,
తెలుగు,
Urdu,
ಕನ್ನಡ,
Southeast Asian
Indonesian,
Vietnamese,
Thai,
မြန်မာဘာသာ,
বাংলা
European
español,
Deutsch,
français,
Greek,
português do Brasil,
polski,
română,
русский,
Nederlands,
norsk,
svenska,
suomi,
Italian
Middle Eastern & African
عربى,
Turkish,
Persian,
Hebrew,
Afrikaans,
isiZulu,
Kiswahili,
Other
Bulgarian,
Hungarian,
Czech,
Swedish,
മലയാളം,
मराठी,
ਪੰਜਾਬੀ,
ગુજરાતી,
Portuguese,
Ukrainian
Medical Disclaimer: WikiMD is not a substitute for professional medical advice. The information on WikiMD is provided as an information resource only, may be incorrect, outdated or misleading, and is not to be used or relied on for any diagnostic or treatment purposes. Please consult your health care provider before making any healthcare decisions or for guidance about a specific medical condition. WikiMD expressly disclaims responsibility, and shall have no liability, for any damages, loss, injury, or liability whatsoever suffered as a result of your reliance on the information contained in this site. By visiting this site you agree to the foregoing terms and conditions, which may from time to time be changed or supplemented by WikiMD. If you do not agree to the foregoing terms and conditions, you should not enter or use this site. See full disclaimer.
Credits:Most images are courtesy of Wikimedia commons, and templates Wikipedia, licensed under CC BY SA or similar.
Contributors: Prab R. Tumpati, MD
