Living Wage Estimation & Current Wage Assessment
This instructor-led training course provides social compliance professionals and HR managers with the essential skills and knowledge to estimate and assess living wages using recognized methodologies....
Instructor-Led
HR & Compliance
BDT 3,500
– 10,000 per participant
📧 Contact to Enroll
Professional certificate
Expert instructors
Flexible delivery modes
8 CPD Hours
This instructor-led training course provides social compliance professionals and HR managers with the essential skills and knowledge to estimate and assess living wages using recognized methodologies. Participants will explore the difference between minimum wage and living wage, understand legal requirements, and learn how to conduct wage gap analyses and family needs calculations. By the end of the course, attendees will be equipped to benchmark living wages effectively and align their practices with international standards.
What You Will Learn
- Upon completion, participants will be able to identify key concepts related to living wage and its significance in social compliance.
- Upon completion, participants will be able to explain the differences between minimum wage and living wage within the context of legal requirements.
- Upon completion, participants will be able to apply the SA8000 wage requirements to real-world scenarios and assess compliance.
- Upon completion, participants will be able to analyze amfori BSCI wage expectations and their implications for labor practices.
- Upon completion, participants will be able to evaluate wage structures using the Anker Methodology and conduct essential needs calculations.
- Upon completion, participants will be able to design a wage assessment report that incorporates findings from family cost estimations and housing assessments.
Course Outline
1
Module 1: Understanding Living Wage Concepts
Lesson 1.1
Defining Living Wage and Its Importance
Lesson 1.2
Minimum Wage vs. Living Wage: Key Differences
Lesson 1.3
Legal Frameworks Surrounding Wage Standards
2
Module 2: Social Compliance Wage Requirements
Lesson 2.1
Overview of SA8000 Wage Requirements
Lesson 2.2
Understanding amfori BSCI Wage Expectations
Lesson 2.3
Navigating the SMETA Wage Assessment Approach
3
Module 3: Anker Methodology and Living Wage Components
Lesson 3.1
Introduction to the Anker Methodology
Lesson 3.2
Components of Living Wage: Essential Needs
Lesson 3.3
Family Cost Estimation Techniques
4
Module 4: Practical Wage Assessment Techniques
Lesson 4.1
Food Basket Methodology for Wage Assessment
Lesson 4.2
Housing Cost Assessment Strategies
Lesson 4.3
Conducting Income and Wage Gap Analysis
Who Should Attend
- Social Compliance Professionals
- HR Managers
- Compensation & Benefits Personnel
- Sustainability Managers
- Internal Auditors
Prerequisites
Basic understanding of labor laws and wage regulations
Familiarity with social compliance frameworks
Familiarity with social compliance frameworks
Frequently Asked Questions
This course is designed for social compliance professionals, HR managers, compensation and benefits personnel, and sustainability managers.
Participants will receive a 'Living Wage Estimation & Current Wage Assessment' certificate from SMS Training Academy.
A basic understanding of labor laws and wage regulations, as well as familiarity with social compliance frameworks, is recommended.
Participants will be assessed through multiple-choice questions and a practical wage assessment report.
Yes, the certification is recognized within the industry and contributes to CPD hours.
This is an 8-hour course conducted in one day.
Yes, the course can be delivered in both classroom and virtual formats.
This certification enhances your professional credibility and demonstrates your commitment to ethical labor practices, making you a valuable asset to your organization.