Why should more companies pay the Living Wage?
Businesses need to do what they can for the welfare of their staff. The minimum wage simply does not pay enough for families, in particular, to live on.
The problem of in-work poverty has been highlighted by the
Social Mobility and Child Poverty Commission recently. KPMG’s own research, just published, has found that the number of people earning less than the Living Wage has grown by over 400,000 in the last year to some 5.24 million people.
KPMG has also found that the Living Wage simply makes good business sense. Since introducing the Living Wage for its staff in 2006, KPMG has found that the extra wage costs are more than met by lowered recruitment churn and absenteeism, greater loyalty, and higher morale leading to better performance.
http://www.kpmg.com/uk/en/issuesandinsights/articlespublications/pages/living-wage.aspx