LIVING WAGE POLICY
September 1, 2021
It is important to Cyclesmith ownership and management to be aware of and maintain corporate social responsibility. We strive to make decisions and take actions that have a positive impact on our community, our staff, and the people we serve. As a responsible employer, we believe that our employees need to earn a wage that sustains a lifestyle that meets the needs of daily living and provides some discretionary income. We recognize that paying a Living Wage constitutes a critical investment in the long-term prosperity of our organization by fostering a dedicated, skilled, and healthy workforce.
The Living Wage is the hourly rate of pay that enables wage earners living in a household to:
- Feed, clothe, and provide shelter for their family
- Promote healthy child development
- Participate in activities that are an ordinary element of life in the community
- Avoid the chronic stress of living in poverty
This hourly rate is calculated based on the living expenses of a family of four with two children aged 4 and 7, with each parent working full-time (35 hours per week). The rate is calculated and published by the Canadian Centre for Policy Alternatives (CCPA). http://livingwagecanada.ca/
The policy applies to all permanent full-time staff employed by Cyclesmith after the three month probationary period. Staff earning only a salary or wage will earn at minimum a Living Wage. The Living Wage is recalculated annually in November. Any increases in the Living Wage will be passed onto staff within six months of this date.
- Part Time staff will be paid a minimum of 75% of the Living Wage
- Summer/Seasonal Staff will be paid a minimum of 75% of the Living Wage
Benefits in Consideration
In instances where non-mandatory benefits are provided to staff, the Living Wage may be adjusted to reflect the positive impact these benefits have on the employee’s ability to meet basic needs and have some discretionary income.
These benefits include health, dental, and disability coverage for staff covered by this policy, as well as retirement contributions. Benefits may be provided on a cost shared basis, however, the premiums paid by the employee cannot reduce the wage to below an acceptable level with respect to a Living Wage.
Cyclesmith intends to maintain its participation/certification in this policy through the Living Wage Employer Recognition Program (livingwage.ca). We are accountable for upholding and keeping current with this policy. Cyclesmith will ensure that a relevant process is in place for employees to raise any issues relating to the Living Wage Policy in a safe and confidential manner.