The Living Wage Revisted
by Toby Barazzuol on Wednesday Apr 13, 2011
In 2010 Eclipse Awards became a Living Wage Employer, one of the first companies in BC to do so, and I wrote about why we did it here. Earlier this week at the Vancouver Public Library, I was fortunate to be invited to speak on a panel in a public forum on the Living Wage Campaign. I’m proud of our decision to commit to the Living Wage, so it was a great opportunity to share our experience from a business perspective.
If you’re interested in recognition, employee engagement, sustainability, and the human element of business, you’ll see that the Living Wage ideal embodies all of these things nicely, and I would urge you to consider it for your organization.
Committing to the campaign is public recognition of our staff. It let’s our staff know that we value them and that we’re committed to developing their skills and providing them with opportunities. It also lets our clients know that we value our staff, both as people and as part of the team at Eclipse Awards. We are making a long-term investment in them and helping them reach their potential. Our people are focused on their work as they are not juggling 2 or 3 jobs with their eye constantly on the door. This translates into a happier and more engaged team, which ultimately means great service and more beautiful recognition awards for our clients.
In Metro Vancouver, as of March 2011, the Living Wage has been calculated at just over $18 per hour. This is the amount required by a 2 parent family to meet their basic needs in this city. It’s also composed of several elements which include an hourly wage, health benefits and vacation time. To learn more about how the Living Wage is calculated, click here (pdf). SAP has even developed an online Living Wage Calculator that helps you figure out how your oganization is doing. Click here to view a list of other organizations that have committed to providing a living wage.
As organizations, we must value and recognize our staff, understanding that people are the foundation of everything we do. The more we can share with them and appreciate them, the more they will contribute to success.
What do you think? Is the Living Wage an idea whose time has come?