At IFB Gaming, we are committed to promoting fair labour practices and ensuring the well-being of all individuals associated with our organisation. As part of this commitment, we endorse and actively implement a Living Wage Policy to uphold the dignity and financial security of the workforce.
We believe that paying a living wage is not only a legal and ethical obligation but also a crucial step towards fostering a positive and sustainable working environment.
Policy Statement:
IFB Gaming is dedicated to providing its employees, partners, and contractors with a living wage, which is defined as the minimum income necessary for a worker to meet their basic needs. We firmly believe that paying a living wage is essential for the overall well-being of individuals and contributes to a more just and equitable society.
Key Principles:
- UK Living Wage Standard: IFB Gaming adheres to the UK Living Wage standard, which reflects the basic cost of living in the United Kingdom. We are committed to ensuring that our employees, partners, and contractors receive a wage that enables them to meet their essential needs, including housing, food, transportation, and other necessities.
- Extended to Partners and Contractors: We extend the requirement of a living wage to our partners and contractors, emphasising the importance of fair compensation throughout our supply chain. We actively collaborate with our partners to encourage the adoption of living wage practices, fostering a shared commitment to ethical and responsible business conduct.
- Regular Reviews and Adjustments: IFB Gaming conducts regular reviews of the living wage rates to ensure that they align with the prevailing cost of living. We are committed to making adjustments to our wage policies to reflect changes in economic conditions and to guarantee that our employees, partners, and contractors receive a fair and just wage.
- Transparent Communication: We value open communication regarding our living wage policies. IFB Gaming is dedicated to providing clear and transparent information to all stakeholders, including employees, partners, contractors, and the public, about our commitment to fair wages.
Implementation:
IFB Gaming integrates the Living Wage Policy into our contractual agreements with partners and contractors, making compliance with living wage standards a requirement for collaboration. We will work collaboratively with our partners to support the implementation of living wage practices and conduct regular assessments to ensure adherence.
By adopting this Living Wage Policy, IFB Gaming aims to contribute to a positive and equitable work environment, reinforcing our commitment to social responsibility and ethical business practices.
