At the Budget Council meeting in February 2015, the Leader of the Council and Labour Group, Cllr David Sheard, proudly announced Labour's support to pay employees a Living Wage.
There are significant benefits to paying a Living Wage and it is important awareness of these is raised.
On average:
There is also a link between Health Inequalities and a Living Wage:
Evidence shows that insufficient income is associated with worse outcomes across virtually all domains of health, including long term health and life expectancy. The negative health effects of living on a low income can be caused by material factors - the ability to afford the items necessary for a healthy life - and/or psychosocial factors, such as anxiety and depression.
Paying employees a Living Wage is quite simply the right thing to do.
There are significant benefits to paying a Living Wage and it is important awareness of these is raised.
On average:
- Staff absences drop by 25%
- Better customer service, fewer complaints and enhanced loyalty
- 80% of the workforce believe it has improved their performance
- Staff turnover dropping to 1% from 4%
- 80% of employers feel their staff delivered better quality of work
- An improved awareness of customers viewing the organisation as an ethical one
There is also a link between Health Inequalities and a Living Wage:
Evidence shows that insufficient income is associated with worse outcomes across virtually all domains of health, including long term health and life expectancy. The negative health effects of living on a low income can be caused by material factors - the ability to afford the items necessary for a healthy life - and/or psychosocial factors, such as anxiety and depression.
Paying employees a Living Wage is quite simply the right thing to do.
