A wage based on the cost of Living – Business Bytes
Thursday, 10 March 2022, 10:00 AM - 12:00 PM
What is the session about?
The economic and labour market crisis due to COVID-19 has hurt vulnerable groups, threatening to further increase inequality and push more people into poverty. Meanwhile, the built environment faces a growing skills shortage and employers need to invest in attracting and retaining future workers to meet the demands of today and into the future. A wage based on the cost of living can play an important role in tackling these challenges. They can protect workers’ wages from spiralling down to unduly low levels, prevent even larger increases in poverty and inequality, and contribute to economic stability, helping to build back better.
What will I achieve?
At this session you will:
- Learn about wages trends and the impact of the COVID-19 pandemic on workers’ wages
- Understand the business case and challenges often associated with paying the real Living Wage
- Hear how the Living Wage Foundation accreditation works and who should receive the Living Wage
- Hear from Willmott Dixon, about
their approach to the Living Wage and how it helps address the challenges faced
by the Construction sector
- Gain an SME insight into the drivers / impact of paying the Living Wage
- Have an opportunity to ask questions to the panel of experts from The Poverty Alliance UK, Living Wage Foundation and the Supply Chain Sustainability School
What level is the Business Bytes and do I need any particular skills?
This session is suitable for anyone who works in the built environment, from across the value chain, from a variety of job roles including HR and operations.
What can I expect from a Business Bytes?
Business Bytes are multi-speaker sessions featuring experts from the sector, around 1.5 hours to give you a more in-depth overview of the subject.
What are the technical requirements?
You will need:
- Internet connection
- A computer with microphone and camera is best (e.g. a PC/laptop/iMac/MacBook)
- Earphones/headphones/speakers (preferable)
- A tablet/iPad/smart phone/iPhone to load facilitation tools