The benefits of paying staff the Living Wage will be highlighted by Councillor Ric Metcalfe at a conference about sustainable business.
The City of Lincoln Council Leader is one of the guest speakers at the ‘Secrets of Sustainable Business’ event taking place at Lincolnshire Showground on Monday, October 19 - the first of its kind to take place in the county that aims to promote ethical, socially responsible and viable businesses and will bring together ambitious organisations of all sizes.
Cllr Metcalfe said: “We’ve been paying staff the Living Wage since 2013 and are part of Lincoln Living Wage Forum that aims to encourage others to also reward their employees this way.
“It is great to have the opportunity to explain why paying the Living Wage is the right thing to do, not just ethically and morally, but why it makes real business sense to do so.
“Research has shown that it can significantly lower rates of staff turnover, reduce costs of recruitment and induction training, lower absence and sickness levels, increase morale and generate higher productivity. It also gives local consumers more disposable income and brands a business or organisation as an ethical employer.
“I’m looking forward to being able to have a conversation with a wider audience about the benefits of the Living Wage and hope that they consider paying their staff this way.
“No one who does a fair day’s work should go without a fair day’s pay, or worry about keeping food on the table or a roof over their heads. The Living Wage isn’t about luxury, it’s about covering the basic costs of living.
“It would be fantastic to see Lincoln gain a reputation as being a place where people are paid fairly and rewarded for their hard work.”
Lincoln Living Wage Forum is currently running a Making Lincoln Living Wage campaign, where businesses can sign-up to a free city-wide register and become accredited with up to three stars.
The system recognises business that:
- Pay staff the Living Wage
- Pay staff the Living Wage and use Living Wage suppliers
- Pay staff the Living Wage and employ staff fairly
- Pay staff the Living Wage, use Living Wage suppliers and employ staff fairly
Cllr Metcalfe added: “Anyone who signs up to the register is given a window sticker to proudly display their star rating.”Since the project’s launch, 19 businesses and organisations have joined the register with a combined 1,081 employees.
“As a direct result of this campaign 65 employees have received a pay rise - an estimated combined £126,623 of additional earnings each year.
This is fantastic and we hope to see the register continue to grow over the coming weeks and months.”
For more information about the event, please visit www.caringbusinesses.com