Companies that pay a 'living wage' to staff benefit from increased productivity - Nash
Companies that introduce a so-called 'living wage' for workers see increases in productivity and staff retention rates, a Government minister has claimed.
Business and Employment Minister Ged Nash said he would like to see the introduction of a 'living wage', which is set at €11.50 per hour, in both the private and public sector.
Mr Nash (pictured inset) announced a one-day forum on the 'living wage' in a bid to encourage businesses to sign up on a voluntary basis.
Last month, Mr Nash announced details of a report from the Low Pay Commission which recommended a 50c rise in the minimum wage. It is expected the increase will be introduced next year. Mr Nash said he hoped to see a positive response from employers in relation to the concept of the 'living wage', which states that work should provide an adequate income to cover necessities such as clothing, food and housing.
The forum takes place on September 30 in Dublin Castle.