Unified Metrics Library - Minimum wage ratio
Helper question
What was the percentage of employees earning minimum wage relative to the average wages of
full-time workers, during the period?
Summary
Ensuring workers have access to adequate minimum wages is essential to support a sustainable and
inclusive economic activity.
Unit
%
Description
The social pillar of sustainability has become more prominent for businesses in recent years and paying a living wage to all of its employees is seen as an important indicator. For an organisation, the minimum wage ratio means its role in creating a sustainable business whilst ensuring that all employees are provided a reasonable standard of living.
Regulatory Definition
"Minimum wage" means the minimum remuneration set by law or collective agreements that an employer, including in the public sector, is required to pay to workers for the work performed during a given period.
Sources
Examples
The percentage of minimum wage-earning employees compared to all employees.