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You are a reward adviser for a large retail company based in the UK that has had
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You are a reward adviser for a large retail company based in the UK that has had to close several stores across the country due to a decline in footfall and lower than expected returns. In a recent board meeting, about two thirds of the board of directors have shown a desire to become a Voluntary Living Wage (VLW) Employer, while the rest are unsure due to the cost implications so would prefer to remain with the current legal minimum of the National Living Wage (NLW).
You have been asked to provide arguments on both sides of the debate from the perspective of both the employee and the employer, that will guide the Board in their decision. You need to outline the likely increase in costs and risks associated with moving from the NLW to VLW as well as the corresponding benefits from both the point of view of the employees and employer.
You must include reward and motivation theoretical underpinnings to make analytical points for both sides of your argument which develops a clear argument.
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