Low productivity growth, rising housing costs and a freeze of in-work benefits have resulted in an environment where, in 2017, eight million people lived below the poverty line, despite living in a family where at least one person was at work.
While the focus of successive governments has remained largely on raising the wage floor, there has been a general lack of policy aimed at incentivising the progression of pay above the minimum (and national living) wage and the progression of a worker’s chosen career, especially among the low-paid.
This research report from the Social Market Foundation seeks to understand whether and how policymakers can use the tools at their disposal to shape corporate decision making. In particular, it focuses on how to encourage businesses to use their decision-making to promote wage progression and career progression among low paid workers.
Download the full report here: https://www.smf.co.uk/wp-content/uploads/2019/10/Pay-progression-for-low-paid-workers-paper-2.pdf
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