Companies committed to closing living wage gaps need verified living wage estimates from the regions they source from and tools to measure current remuneration and gaps with the recommended living wages. IDH has developed two tools to help companies in this journey
Choose a benchmark
This tool help companies in the first step of closing the living wage gaps: finding credible living wage benchmarks from every country they source from. By searching a specific region, the user will have access to a list of the benchmarks available. From this list they can directly go to the website of the chosen benchmark methodology.
Living Wage Identifier Tool
In the second step in closing the living wage gaps, companies need help measuring the gaps. The Salary Matrix enables companies to evaluate how the total remuneration (including wages, bonuses, cash and in-kind benefits) compares to the relevant living wage benchmarks. The IDH Salary Matrix is also available in Spanish.
IDH Salary Matrix
IDH’s approach to closing a living wage gap is through a 5 step Roadmap on Living Wages. To strengthen international alignment and ensure the adoption of an uniform approach regarding living wage, IDH has joined forces with leading companies, sustainability standards and certifications and other organizations.
IDH Living Wage Approach