Decent Work/Income and Work-Life Balance
The company compensates workers fairly and transparently and pays a living wage to ensure workers are able to meet their basic needs and can afford a decent standard of living for their family without needing government support. The company offers equal pay for equal work, facilitates access to anonymised compensation data for the purposes of benchmarking, and does not negotiate compensation down based on an applicant’s previous salary. As part of its compensation package, the company helps ensure its workers can enjoy adequate paid time off. For employees not able to work flexible hours, the company sets predictable working hours and rotation schedules, with adequate notice of changes. Wages are paid on a predictable schedule to support worker financial planning and timely payment of commitments.
The Global Living Wage Coalition (GLWC) is a partnership between two independent networks with complementary missions and work: the Anker Living Wage and Income Research Institute (Anker Research Institute) and the GLWC Action Network (Action Network). They provide a comprehensive explanation of the Anker Methodology for measuring a living wage, and they have compiled a broad range of case studies for living wage implementation.
IDH, The Sustainable Trade Initiative, has created this platform to help you take tangible steps towards aligning your company's compensation with international living wage standards. The platform introduces a 5-step approach: identify the living wage; measure living wage gaps; verify calculations of gaps; close living wage gaps; and share learnings. For each step you will find primers, FAQs, and tools - such as benchmarks and auditor guidelines - to help you progress through the process.
The Living Income Community of Practice is a partnership between The Sustainable Food Lab, GIZ, and ISEAL. Their goal is to support activities that help smallholder farmers achieve a living income and a decent standard of living. The resources on this platform can help you to understand the difference between a living wage and a living income; understand and calculate living and actual incomes; and identify and discuss strategies for closing the income gap.
This guide from Vancity explores their journey towards becoming a certified Living Wage Employer (LEW). It includes details of their 7-step process, identifies leads for spearheading each phase, and lays out the timeline for Vancity's LEW journey. The tangible and actionable content in this guide will especially benefit business leaders, change agents, and procurement personnel who are ready to advance from embracing LEW in principle to enacting it in practice.
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