Standard Owner Benchmark - Fair Wage Network
By CommonShare
The Fair Wage Network (FWN) is an international non-profit organization that focuses on promoting fair wages and decent working conditions globally. It was founded in 2010 as a response to the global issue of low wages and income inequality.
The primary goal of the Fair Wage Network is to advocate for fair wages that enable workers to meet their basic needs and support a decent standard of living. The organization works to create awareness, provide resources, and build partnerships to support the implementation of fair wage practices.
FWN collaborates with various stakeholders, including businesses, trade unions, governments, civil society organizations, and researchers, to develop and promote fair wage policies and practices. They provide guidance and tools for companies to assess and improve their wage structures and ensure compliance with internationally recognized standards.
The Fair Wage Network believes that fair wages contribute to sustainable economic development, social justice, and improved worker well-being. They emphasize the importance of transparent wage systems, social dialogue, and worker participation in determining fair wages.
The organization conducts research, organizes events and conferences, and provides training programs to raise awareness and build capacity around fair wage issues. They also collaborate with local organizations and initiatives in different countries to support fair wage campaigns and initiatives.
As a non-profit organization, the Fair Wage Network relies on funding from various sources, including donations, grants, and partnerships. Their non-profit status allows them to prioritize their mission and work towards their goals of promoting fair wages and decent working conditions without the primary focus on generating profits.
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How our Standard Owner Benchmark® Works?
By CommonShare
This is a benchmark to help companies understand which standards should be part of a sustainable procurement plan. Further, the benchmark allows standard setting schemes, i.e. "Standard Owners", to benchmark their performance versus industry peers.