Minimum and Living Wage in Tesco: Legal Regulations, Benefits, Issues and Recommendations

Introduction to human
resources management

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
TASK ..............................................................................................................................................3
Minimum wage and living wage.................................................................................................3
Legal regulation..........................................................................................................................4
benefits of minimum and living wage for organisation..............................................................4
Issues ..........................................................................................................................................5
Recommendations.......................................................................................................................6
CONCLUSION................................................................................................................................7
REFERNCES:..................................................................................................................................8
Books and Journals:....................................................................................................................8

INTRODUCTION
The report aims to analyse the concept of minimum wage and living wage in the
organisation. HR managers play a crucial role in ascertaining salaries and wages to each
employee of the organisation. An employee is entitled to get a minimum amount of salaries in
order to earn its livelihood for day to day activities. It is the most crucial form of motivation of
the employees by getting a minimum amount of salaries and wages which would fulfil their
objectives and their own needs. Therefore, organisation workers needs to get minimum wages as
it has many benefits for organisation and economy too. It shows concern towards equality which
eliminates poverty from the country (Caliendo, Wittbrodt, and Schröder, 2019). The report aims
to present a thorough understanding of the minimum and living wage on Tesco, the company is
globally scattered and comes under the largest supermarkets store. It was first established in
1919 in UK. The company needs to eliminate the issue of living wage for banana production
workers. For that instance, the report will provide all the legal regulations, benefits and issues
regarding it.
MAIN BODY
TASK
Minimum wage and living wage
Minimum wage pay is that amount that employees hold as per the UK laws. An
employees is entitled to get salaries as per the national wage law to maintain a balance of income
in the country (Rubery, Grimshaw, Keizer, and Johnson, 2018). Living wage is that amount paid
by organisation to the workers in order to eliminate poverty and individuals could fulfil their
basic needs like food, clothes and shelter. Businesses are known for contributing in the highest
GDP in economy that smoothly work for every people by giving employment opportunities, new
technology as well as products and services. Therefore, these wage acts are mainly focus for the
welfare for low educated and living below poverty line.
Aim for minimum and living wage: The tesco is the most renowned and reputed
organisation of UK. The supermarkets have taken a long journey and success across globe. so
that, the company needs to work on the economic welfare as well by focusing on each employee
welfare. The aim of tesco is to eradicate the difference among women and men, poor and rich by
enhancing equalities and giving equal wage pays (Graham, and Woodcock 2018). It becomes an