The Core Components of WageMap's Mission:
Develop a universally accepted Living Wage Reference standard with reference to the ISEAL Code of Good Practice
Guide data providers, offer a foundation for creating incentives, and promote transparency in employer actions
Assess existing national and global living wage benchmarking methodologies against the living wage reference standard
Publish the single living wage benchmark value that is most applicable and representative in a specific geography
We adopt a phase-wise approach, running four workstreams alongside each other working towards the set objectives
Ensure that the contents of the standard properly reflect what is needed
Categorizes the issues where additional research or discussion is necessary
Concrete standard "straw man" will be developed by drawing upon the insights gained from the Natural Harmonization workstream
The ‘Technical Committee’ will input on the draft standard and consensus will be sought on key issues during the stakeholder consultation phase
Research on specific topics regarding the Living Wage Reference Standard
Exact research topics to be determined – outcome of the Standard outline report
The drafts will be brought to the stakeholder group for consultation as required by the ISEAL Code of Practice
Important stakeholders will be engaged through a series of Zoom meetings or other suitable means
A repeated process of accepting and rejecting but publicly responding to comments will be conducted