Living Wage: Benefits to Business

There is considerable evidence from sources around the globe that not only point to the benefits of a living wage to employees, but also the considerable benefits to businesses. Consider the following summary of the benefits from Living Wage Canada:

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EMPLOYEES

  • Paid fair compensation for their work
  • Raised out of poverty
  • Better quality of life
  • Improved health
  • Increased opportunities for education/skills training

EMPLOYERS


  • Reduced absenteeismaaaalwage2
  • Decreased turnover rates
  • Lower recruitment and training costs
  • Increased morale, productivity and loyalty
  • Recognized as responsible employer

COMMUNITY

  • Greater consumer spending power
  • Increased spending in local economy
  • Increased civic engagement
  • Improved health

Source: Click HERE

For more info on Living Wages in Canada, check out http://www.livingwagecanada.ca

 

 

 

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