Understanding and Promoting Living Wage in Latin America:The Role of Business in Addressing Working Poverty and Advancing Decent Work
The Role of Business in Addressing Working Poverty and Advancing Decent Work
Working poverty is a reality worldwide.For many workers, a job does not provide a way out of poverty for them and their families. Companies have an important role to play to advance decent work and address working poverty in their operations and supply chains by improving and promoting living wages.
Join this webinar organized by the United Nations Global Compact, the world’s largest corporate sustainability initiative, together with regional Global Compact networks, to learn how companies can protect low-paid workers and reduce wage inequalities. This webinar will be an opportunity to:
Understand the concept of a living wage as an essential aspect of decent work and its importance for responsible business;
Highlight the incentives for companies to ensure their employees are paid a living wage, both as a business benefit and a contribution to the achievement of the SDGs;
Inspire companies on what actions they can take to promote a living wage to the workers in their supply chains.
What we learned:
UN Global Compact, Achieving the Living Wage Ambition: Reference Sheet and Implementation Guidance: TheUN Global Compact SDG Ambition on Living Wage provides illustrative details regarding the steps to take to successfully implement a living wage programme in a company’s business system to ensure 100% of employees across the organization earn a living wage.
UN Global Compact,Improving Wages to Advance Decent Work in Supply Chains: This interactivemicrosite highlights lessons learned and best practices from companies and organizations on tackling low pay in supply chains and provides guidelines on concrete steps companies and their suppliers can take to improve wages globally.
Ethical Trading Initiative, Living Wages in Global Supply Chains: A New Agenda for Business:Practical advice on assessing the impacts of living wages in the supply chain.
CSR Risk Check: Atool aimed at companies that are importing from or have production facilities in foreign countries that allows checking which international CSR risks (including related to minimum and living wage) businesses are exposed to and what can be done to manage them. The tool was developed by MVO Nederland.
ILO, A methodology to estimate the needs of workers and their families: Thistechnical document provides a detailed description of a methodology that can be used by researchers to estimate the needs of workers and their families in different country circumstances.
SME Compass: TheRisk Assessment Tool provides practical guidance when rating and prioritizing risks after they have been identified.