3D Business

5 Things You Can Do to Take Action on Living Wage Now

Implementing a living wage is a complex task but there are five things your business can do right not to move the dial forward. Discover the key action points and the steps you can take immediately.

5 Steps to getting started

  1. Start by introducing a living wage in your own operations: use existing tools and resources such as the Living Wage calculator in the US or The Living Wage Foundation to get started

  2. Put in place benchmarks: use existing tools and benchmarks to calculate a living wage benchmark for your key sourcing hubs and create SMART targets

  3. Measure the gap: collect data to identify the shortfall between current wages and a living wage for specific sourcing regions and verify the da…

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28 November 2022
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Author
Melanie Plank

Director of Content & Research at Common Objective

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