Question

If the company wanted to become accredited by the Living Wage Foundation, what would the further implications be for the company? Is this an advisable course of action?

Answer 1

Yes it is advisable to be accredited by Living wage foundation :

The implications of getting accredited is :

The responsible companies are increasingly getting accredited by the living wage foundation, to ensure that their employees get a fair pay as certified by the Living wage foundation. The employers make sure that the employees get their fair share lf pay and that the pay increases proportionately with the standard of living.

By getting accredited by the Foundation, the company gives a public commitment to it's employees of paying a fair compensation to them. The great organisation pay more than the government minimum by getting accredited.This way the business is more responsible towards it's employees and often gets media attention as well.

It is advisable for business also because after getting accredited the business is able to attract and retain the best talent worldwide.