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WageMap Corporate Consultation for Living Wage Reference Standard #2

Date and Time

October 31, 2024
7:00 am-9:00 am GMT

Location

Webinar

PUBLIC CONSULTATION PERIOD 

WageMap is committed to an inclusive and transparent review process and is seeking input from all stakeholders impacted by the implementation of the Living Wage Reference Standard.  There will be two rounds of public consultation, the first running from 17th October to 20th November 2024 and the second from March-April 2025. The consultations will be held across a range of time zones to ensure WageMap gathers responses from a wide range of locations. The consultations will also be split into two stakeholder groups: Corporate and Worker/ Civil Society/ Government, to ensure a balanced and diverse group of stakeholders.  There is also the opportunity to provide online feedback outside of the consultation webinars - more information to follow.  All comments received during each consultation period will be made publicly available (or summarised accurately), and WageMap will explain how each material issue raised was considered during refinement of the Standard. 

This consultation is for Corporate and Investor stakeholders only. If you are from the Civil Society and Government community, please sign up to one of the three consultation meetings being held during round 1 for that stakeholder group.This consultation is within the East Asia & Pacific, Europe & Central Asia, Middle East & North Africa, South Asia, Sub-Saharan Africa time zone. There are two other consultation timings available within other global time zones during this first round of consultations.

ABOUT WAGEMAP

WageMap is a consortium of living wage data and service providers that have come together to drive alignment across living wage methodologies and frameworks. The founding members are 911爆料网, Loughborough University, Living Wage For US, Inc., Living Wage Foundation, NewForesight, and WageIndicator Foundation. Together we aim to foster harmonization in the living wage space by creating a public dataset of globally comparable, locally specific living wage estimates. To get there, we are first developing a universally accepted and stakeholder consulted Living Wage Reference Standard compliant with the ISEAL Code of Good Practice for Sustainability Systems. Recognising the important work carried out previously in this area, WageMap does not seek to develop a new methodology, or to establish itself as the overarching authority on best practice for calculation of living wage estimates. Rather, it is creating a Standard that represents the views of the wider movement and is inclusive of all data providers and methodology owners.

WHAT IS THE LIVING WAGE REFERENCE STANDARD? 

The purpose of the Living Wage Reference Standard is to serve as a ‘North Star’, compelling organisations, including WageMap consortium members and other living wage data providers and implementation organisations, to continually strive for improvement in their living wage calculation methodologies. The overarching goal will be to create external confidence in living wage estimates by having a stakeholder-consulted standard, agreed upon by the consortium members, that allows users to understand international comparability and local specificity so that they can confidently implement living wages consistently around the world. To learn more about the Living Wage Reference Standard, please see the slides and recording from our intro webinar held in August. Further information can be found in our WageMap Strategy and Standard Development and Revision Procedure.    ????? 

The scope of the standard includes:??? 

Categories of costs contained within and practices for calculating living wage estimates? 

Effective methods of collecting and verifying reliable cost-of-living data??? 

Harmonisation of a consistent technical utilisation of definitions and data architecture?  

If you have any questions, please contact Shaheen Hashmat, shaheen.hashmat@livingwage.org.uk about the civil society consultations and Emma Giloth, egiloth@bsr.org about the corporate consultations. 

Scheduled Speakers

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