We are a Living Wage Employer!

Communities across Canada are responding to the increasingly high levels of low wage poverty. They are advocating that families should earn an income sufficient for them to pay for the basic necessities of life, so they can live with dignity and participate as active citizens in our society. Weyburn Credit Union is pleased to be a part of the movement as a Living Wage Employer. Receiving this certification resulted in two Saskatchewan firsts for Weyburn Credit Union – they are the first employer to receive this certification outside of Saskatoon and they are the first credit union to be certified in the province.

A living wage is not the same as the minimum wage, which is the legal minimum all employers must pay. The living wage sets a higher test - a living wage reflects what earners in a family need to bring home based on the actual costs of living in a specific community. Necessities like food, shelter, child care, and transportation are all included, while extras like vacation spending are left out. This approach generates a wage which allows for a family to live a healthy and secure life. As a Living Wage Employer, Weyburn Credit Union pledges to always pay at or above the Living Wage which will be calculated on an annual basis going forward. Weyburn’s living wage was calculated at $15.59 per hour.

“We believe that it is our corporate responsibility to pay a living wage; it’s just the right thing to do for our employees, our members and our community,” remarked Val Ness, VP of Human Resources. “By paying a Living Wage we are investing in our staff and our community and setting ourselves apart from other employers. Weyburn Credit Union strives to be ‘Different by Design’ and by being Weyburn’s first Living Wage employer we hope we can inspire other employers to follow in our footsteps.“

A LIVING WAGE:

  • enables working families to have sufficient income to cover reasonable costs
  • promotes social inclusion
  • supports healthy child development principles
  • ensures that families are not under severe financial stress
  • is a conservative, reasonable estimate
  • engenders significant and wide ranging community support
  • is a vehicle for promoting the benefits of social programs such as childcare
 

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