January 24, 2018
Business in the community aims to improve the quality of work for lowest-paid staff
Financial concerns are increasingly affecting the performance of workers across the UK, with one in eight UK workers (3.7 million) now living in poverty. According to the Money and Mental Health Policy Institute, a quarter of the UK workforce are, to some extent, experiencing financial insecurity. One in five employees (21 percent) report that they are just about managing financially, while a further 5 percent say they are finding things difficult. Aside from the undue stress this causes families, this can also have significant repercussions for employers, in terms of recruitment, retention and productivity. This has prompted Business in the Community, (BITC) with support from the Joseph Rowntree Foundation, to make the case for all employers to improve the quality of work for their lowest-paid staff. Its new campaign, Good Work for All draws on best practice from forward-thinking organisations including Starbucks, Royal Mail and Sodexo, and over a third of BITC members have reported taking company-wide action on low-paid work with successful outcomes.