Program Overview
Many co-ops are deeply committed to paying employees a livable wage which provides compensation above the poverty line and permits workers to fully pay for basic needs. Livable wage models include calculations for items that are essential for living, excluding non-essential items such as meals out, electronics and vacations. Supporting the financial security of employees contributes to a more productive and engaged workforce.
NCG’s Livable Wage and Benefits Model helps co-ops calculate the livable wage in their area by identifying the local cost of nine key components of basic living expenses and then deducting components included in the co-op’s compensation. Unlike other models, the NCG model includes a complete list of living expenses and contributions to a savings plan.
How It Works
The Livable Wage and Benefits Model provides all of the resources needed for co-ops to calculate the local livable wage including information to help with implementation and to calculate the impact of a livable wage on the co-op’s total payroll cost.
Additional wage analysis and implementation support are available as fee for service work from NCG’s Human Resources Services Manager.
Eligibility and Pricing
There is no charge to NCG members wishing to utilize this program and no enrollment is required.
For More Information
Contact Dawn Sheridan, NCG’s HR Advisory Services Manager.
Program Details
Many co-ops are deeply committed to paying employees a livable wage which provides compensation above the poverty line and permits workers to fully pay for basic needs. Livable wage models include calculations for items that are essential for living, excluding non-essential items such as meals out, electronics and vacations. Supporting the financial security of employees contributes to a more productive and engaged workforce.
NCG’s Livable Wage and Benefits Model helps co-ops calculate the livable wage in their area by identifying the local cost of nine key components of basic living expenses and then deducting components included in the co-op’s compensation. Unlike other models, the NCG model includes a complete list of living expenses and contributions to a savings plan.
How It Works
The Livable Wage and Benefits Model provides all of the resources needed for co-ops to calculate the local livable wage including information to help with implementation and to calculate the impact of a livable wage on the co-op’s total payroll cost.
Additional wage analysis and implementation support are available as fee for service work from NCG’s Human Resources Services Manager.
Eligibility and Pricing
There is no charge to NCG members wishing to utilize this program and no enrollment is required.
For More Information
Contact Dawn Sheridan, NCG’s HR Advisory Services Manager.