Living Wage Foundation
Living Wage Foundation is a UK-based organization advocating for fair wages. Visit their site (www.livingwage.org.uk) for insights into the real living wage, calculated based on essential costs. Discover how they collaborate with employers to ensure workers receive fair compensation, fostering a more equitable and sustainable economy.
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OVERVIEW
The Living Wage Foundation is a UK-based organization dedicated to promoting fair wages. At the core of its mission is the advocacy for the real living wage, calculated by assessing the costs of essential living needs. This ensures that workers receive compensation that enables them to meet basic requirements for a decent standard of living.
The primary focus of the Living Wage Foundation is to campaign for fair pay and encourage employers to adopt the real living wage. They work towards reducing income inequality and improving the financial well-being of workers. The organization collaborates with businesses, government bodies, and civil society to set and implement fair wage standards.
The Living Wage Foundation operates as a non-profit entity, relying on partnerships and collaborations to achieve its goals. Its structure involves engaging with employers, communities, and policymakers to drive positive change in employment practices. The organization functions as a catalyst for conversations around fair compensation and provides a platform for employers to demonstrate their commitment to equitable remuneration.
While not explicitly a sustainable finance organization, the Living Wage Foundation contributes to sustainability by addressing economic and social aspects of the workforce. Fair wages are integral to sustainable development, promoting social inclusion and reducing poverty. By encouraging businesses to adopt the real living wage, the foundation aligns with principles of economic sustainability.
The website serves as a valuable resource for employers, employees, and anyone interested in fair wages. It provides detailed information on the real living wage, its calculation methodology, and the benefits for both workers and businesses. The Living Wage Foundation offers practical tools for employers to implement fair wages and publicly showcases accredited businesses that have committed to paying the real living wage.
MISSION STATEMENT
To encourage employers to play their part in tackling in-work and post-work poverty and provide a decent standard of living by paying the real Living Wage, adopting Living Hours and Living Pensions as well as wider good employment practices.
FUNDING SOURCES
The organization operates as a non-profit entity and relies on funding from various sources, including partnerships with businesses, government bodies, and civil society. Its primary goal is to address issues related to income inequality and promote equitable compensation for workers, making it distinct from other types of organizations in the sustainable finance landscape.