2022 | Fiat Chrysler Automobiles (FCA) | Living Wage Policy (supply chain)
Is the company committed to ensuring that workers in its supply chain receive a Living Wage?
Living Wage guidelines
updated 8 months ago by Manali Rana

pg. 166

"Compensation & Benefits Practices – Living Wages

We align with the United Nation’s Declaration of Human Rights principle that everyone has the right to a standard of living adequate for the health and well-being of himself and of his family. Workers deserve a living wage and fair pay brings benefits for families, communities and our business. Fair compensation means ensuring the pay for employees is set at a level that is both fair and livable and provides equal pay for equal work. A ‘Framework’ for fair compensation covers the overall compensation process. It provides a structured way for a company to outline how the various elements of their compensation packages deliver fair compensation to their employees."

pg. 175

"Identifying Livable Wage Amounts

Our principles to provide Fair and Livable Wages requires us to be aware of what is a credible Living Wage amount for each country in which we have employees. In some countries, however, there are different Living Wage amounts quoted by different organizations and often based on different criteria. To assist in determining an appropriate amount to use, the Company has contracted the Fair Wage Network, an independent, recognized authority on fair and living wages, to provide a global solution. They have developed a global database composed of Living Wage amounts for over 200 countries and cities. The Living Wage amounts are based on cost of living data, local market surveys, government wage minimums, along with other organizations’ wage benchmarks. The Fair Wage Network will update their database on at least an annual basis to reflect any changes to Living Wage levels for each country based on inflation and improved data sources."

Manali Rana.....2023-09-25 14:07:39 UTC