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:
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 absenteeism
- 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
