The Living Wage is Good for Business

What are the business benefits of paying the real Living Wage?

IKEA

“Introducing the Living Wage Is not only the right thing to do for our co-workers; It also makes good business sense. This is a long-term investment in our people based on our values and our belief that a team with good compensation and working conditions is in a position to provide a great experience to our customers.”

Support for the Real Living Wage

93
%
university students want to work for Living Wage employers.
87
%
think companies should voluntarily pay the real Living Wage
90
%
of consumers agreed that pay should reflect living costs

Hodgson Sayers

“We like to think there is a link between our accreditation and our success. There were the obvious business benefits such as that well-paid staff are motivated and more productive. Retention of staff significantly reduces training and recruitment advertising costs. Long serving employees create strong teams.” 

Employer Case Studies

There are over 4,700 accredited employers in our network, going further than the government minimum and paying all staff the real Living Wage for the real cost of living.

We asked some of our key employers from across the movement to share their Living Wage story.

Read more

Brewdog Case Study

In the year after introducing the Living Wage, staff turnover on BrewDog’s retail sites fell by 40 per cent – in one store annual staff turnover fell from 240 per cent to 60 per cent.

Download

RETAIL toolkit: How to create good jobS in retail

Between July 2015 and July 2016 the Living Wage Foundation worked with major retailers to develop a series of innovative workplace pilots to test operational strategies that support higher paid, higher skilled jobs in retail, with advice and input from KPMG and Living Wage employers across different sectors.

Find out what we did here

The result is a practical guide setting out how retailers and other service sector companies can provide value for customers and investors, while also creating jobs that are better paid, more stable and more meaningful for employees.

If you are interested in moving to a Living Wage or implementing a ‘good jobs strategy’ in your business...

Download the toolkit now!