What Is a Living Wage Employer?

Integris Credit Union on being a Living Wage Employer

 

  • Living Wage Employers pay all direct and contract staff the living wage rate for their region.
  • Living Wage Employers recognize that paying a living wage is an investment in the long-term prosperity of the economy.  
  • We all have a role to play in ending poverty. The minimum wage is a government response to address working poverty. The living wage is an employer’s opportunity to address the same problem. 

 

Paying a living wage

The living wage is a bare-bones calculation that looks at the amount that a family of four needs to earn to meet their expenses. The living wage includes costs like rent and groceries as well as items like extended health care and two weeks savings for each adult. It does not include debt repayment or savings for future plans.

To calculate the living wage rate, employers take into account their employees’ total wage plus benefits. If employees receive non-mandatory benefits, the living wage rate is reduced. See our benefits calculator for details.

Read through A guide to becoming a Living Wage Employer. The handbook offers step-by-step information for large and small employers.

 

What are the benefits of a living wage?

 

Good for employers

Employers have found that implementing a living wage has increased their employee recruitment and retention. Vancity saw that the most significant impact was the swelling of pride in all staff after implementing a living wage. Staff at Living Wage Employers are proud to contribute to a company that ensures that no one is left behind.

"A living wage supports our organization's mission to promote equality, fairness and social inclusion." - BC Public Interest Advocacy Centre

  

Good for our community

We all pay for poverty in our communities. We pay in increased use of emergency health services when individuals aren’t able to afford to fill prescriptions. Our education system is stretched when parents aren’t able to support their children’s education because they are working multiple jobs. Investing in a living wage is investing in the health of our communities.

 

 Good for the economy

When low-wage workers see an increase in their wages they spend their money locally. A living wage allows families to participate in the social, civic and cultural lives of their communities. They support local business and participate in community events. We all benefit when we reduce poverty in our communities. 

 

Find out how to become a Living Wage Employer 

Find out who is a Living Wage Employer in BC 

Questions?

Don’t hesitate to be in touch.
604-975-3347
info@livingwageforfamilies.ca

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