Wagemark
Nonprofit Organization Management - Toronto, Ontario, Canada
Wagemark Employees
Wagemark Details
Wagemark is a new international wage standard used by companies, non-profit organizations, and government agencies to certify that the ratio between their highest and lowest earners is competitive and sustainable. Organizations choose to become Wagemark-certified to demonstrate their commitment to paying competitive, responsible and sustainable wages.The Wagemark Standard builds on an important and growing body of research concerning the economic and social costs of income inequality and makes it possible for organizations to respond constructively by committing to operate within a wage range that supports greater competitiveness, workplace morale and social equity.Wagemark compliance is certified by the applicant's preferred chartered accountant or auditor, and does not require the disclosure of either maximum or minimum earnings — only the wage ratio between the top and bottom decile of earnings within an organization.Wagemark-certified organizations are committed to ensuring that the wage ratio between the highest earner and lowest decile of earners within their organization does not exceed 8:1.
