Good for People
Good for Business
Good for Community
What is a living wage?
A living wage is the hourly wage a worker needs to earn to cover their basic expenses within their community, such as food, clothing, shelter, and transportation. It also includes medical expenses, recreation, and a modest vacation. It’s a wage that allows employees not just to subsist but, also, to have access to the types of things that make for a decent quality of life: the ability for a family to participate in the community, and be healthy and active social citizens.
A Waterloo Region family of four with two working parents needs to earn $15.42 an hour to make ends meet.
Currently, the minimum wage in Ontario is $11.40, however the 2017 living wage in Waterloo Region is $15.42 per hour.
A living wage is good for business, and it strengthens our communities. It fosters a dedicated, skilled, and healthy workforce.
Kindred Credit Union is a Living Wage employer
We were one of the Living Wage Waterloo Region steering committee’s founders and an early adopter. Paying a living wage aligns with our values and we believe our members would expect nothing less of us in caring for our staff members. It’s another tangible way that Kindred is inspiring peaceful, just, and prosperous communities.
Kindred Credit Union is committed to championing the living wage within our industry and within the community. We’re recognized as a Living Wage Champion, as all full-time and part-time employees, including student positions, earn at least a living wage. We have chosen to maintain our living wage at the 2016 rate of $16.05. We also discuss and raise awareness of Living Wage with organizations that we contract services from, to encourage payment of a living wage.
Click here to learn more about working at Kindred Credit Union.
Want to learn more about becoming a living wage employer?The more employers that join the living wage movement, the better it will be for people and families living and contributing to strengthening our communities.
Contact Living Wage Waterloo Region, Ontario Living Wage Network, or Living Wage Canada.
We’d also be happy to share our experience. For more information, email Pam Hillis, Kindred’s Human Resources Advisor and Chair, Living Wage Waterloo Region.
Inspiring just communities focuses on advancing equality and sufficiency for individuals and groups living in society, ensuring dignity and respect for all. It means seeking social justice and it includes supporting food banks, shelters, low-income housing, and special needs programs in our communities. MEDA's Sarona Risk Capital Fund, which supports microfinance, is an example of a unique product that reflects this element of Kindred’s purpose.