INSIDE YOUR BUSINESS – Many South Africans are underpaid in relation to the cost of living – Unpacking both sides
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GUEST – Professor Ines Meyer - Spokesperson for Living Wage South Africa Network
In a world of growing calls for global social reform, companies that want to preserve their market share will have to pay their employees at least a living wage. This is according to Professor Ines Meyer of the Living Wage South Africa Network, whose groundbreaking research paves the way for remuneration policies favouring human needs over market rates.
"Unfortunately, many companies are still resistant because of legacy thinking that goes against what modern consumers expect from their vendors and employers," she says. So why don't most companies pay their employees a living wage, even though not doing so could cost them dearly?
In a world of growing calls for global social reform, companies that want to preserve their market share will have to pay their employees at least a living wage. This is according to Professor Ines Meyer of the Living Wage South Africa Network, whose groundbreaking research paves the way for remuneration policies favouring human needs over market rates.
"Unfortunately, many companies are still resistant because of legacy thinking that goes against what modern consumers expect from their vendors and employers," she says. So why don't most companies pay their employees a living wage, even though not doing so could cost them dearly?
