Home › magazine › latest news › ISS sponsors WageMap to promote living wages globally
ISS sponsors WageMap to promote living wages globally
19th of December 2024Gobal facility management services provider ISS has become an official sponsor of WageMap, a consortium of living wage data and service providers that have come together to drive alignment across living wage methodologies and frameworks.
Through its commitment, the company is supporting the consortium's mission to achieve living wages worldwide by establishing a Living Wage Reference Standard and a public dataset of globally comparable, locally specific living wage estimates. It will work with policymakers, customers, suppliers and other key stakeholders to increase the implementation of living wages across the industry it says.
"Defining what constitutes a living wage in every country is an essential step towards advancing living wage practices, increasing pay transparency, and ensuring accountability," explained Liz Benison, ISS's group chief people & transformation officer.
The living wage pledge is one of the ‘signature' commitments that make up ISS's social sustainability agenda to ensure fairness, inclusion and opportunities for the company's more than 320,000 employees, their families, and the broader society.
"Social sustainability is at the heart of our operations at ISS, and promoting a real living wage is at the forefront of that with a broad range of positive impacts," added Benison. "In addition to supporting everyday needs, living wages also improve access to education and overall quality of life for both employees and their families.
"Furthermore our data, along with insights from The Living Wage Foundation, demonstrate living wages are not only beneficial for employees but also for business. As an example, in the UK 87 per cent of living wage employers reported an improved reputation and 62 per cent observed better recruitment and retention in its latest survey," she concluded.