Fair pay and benefits are essential to attracting and retaining staff, supporting wellbeing, and promoting equality. When employees are compensated appropriately, they are more likely to be motivated, loyal, and able to maintain a healthy work-life balance. Fair compensation also helps reduce financial stress and contributes to a more inclusive and resilient workforce.

To support fair compensation, businesses should regularly review pay levels against industry standards and local living costs, ensuring wages are sufficient to meet basic needs. This includes considering not just base pay but also benefits such as pensions, sick leave, holiday entitlement, and flexible working options.

Where possible, businesses should promote transparency around pay structures and ensure that compensation is applied consistently and without bias. Listening to employee feedback and monitoring wage equity across roles and demographics can also help build trust and accountability.

Do you ensure pay and benefits are sufficient for employees to cover living costs and maintain a healthy work-life balance?

• Ratios of standard entry level wage by gender compared to local minimum wage.
• Information on any living wage assessments carried out and measures taken to close any living wage gap.
• Number of days of annual paid leave provided for full time employees.