Management Report on Minimum Wage and Living Wage

Prepare a
Management raport on
the minimum wage
and living wage

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Management report on the Minimum wages and living wages..................................................3
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Minimum wages are an amount which is set by the government and every organization
and legal entity have to pay minimum wages to their employees according to the amount set by
the government. Living wages mainly determine to the minimum cost to live. The amount
needed to give a living wages depend on what is included in the calculation. This living wages
amount is set by the government low markers for the minimum wages must take into the account
the needs of the business as well as employees of the company.
This report will briefly discuss the Minimum wages and living wages and it will apply
the reverent topic on the TESCO company and this report will mainly aim at the legal regulation
on the UK government and cost and benefits from this legal issue to the TESCO company. In the
end this report will provide overcome strategies from this issue.
MAIN BODY
Management report on the Minimum wages and living wages
Minimum wages and living wages
It is legal rights of the employees to get minimum wages from the organization they are
working. Government of the UK have decided minimum wages for the employees, so they can
earn for their living and spends some money for their basic needs like food, clothes, education of
the children and their own expenses. This all is basic needs of the labor who are working hard
to earn money for their living ((Bell and Machin., 2018). This is important for organization
as well to take this low seriously and provide employees minimum wages for their living, For the
every organization employees play important role to earn objective and goals of their business.
Every successful organization have strong labor force and worker in their workplace who are
responsible for their success, so it is important for the organization to look for their employees,
so they can earn enough to fulfill their basic needs. Which is important for the living.
The purpose of minimum wages is to protect workers against unduly low pay. They help
ensure a just and equitable share of the fruits of progress to all, and a minimum living wage to all
who are employed and in need of such protection (Brown., 2017) Minimum wages can also
be one element of a policy to overcome poverty and reduce inequality, including those between
men and women, by promoting the right to equal remuneration for work of equal value
Minimum wages are an amount which is set by the government and every organization
and legal entity have to pay minimum wages to their employees according to the amount set by