We’re proud to announce the adoption of a Cooperative Livable Wage policy for all Monadnock Food Co-op full time staff. After one year of employment, all full time staff will earn at least $11.55/hour. The Co-op also raised its minimum wage for all staff to $10/hour, after completion of new employee training sessions.
We recognize the importance of offering our employees a wage that allows them to meet their basic needs. It not only betters the health and quality of life for our employees but their families, as well. In addition to health benefits, studies show that livable wages have reduced staff turnover, resulting in lower recruitment and training costs for businesses.
“There is a strong correlation between wages and the health outcomes of our family members, friends and neighbors,” said Linda Rubin, Director of Healthy Monadnock, a community engagement initiative designed to foster a positive culture of health throughout Cheshire County and the Monadnock Region. “Employers like the Monadnock Food Co-op and others are leading the way on this issue, proving that investing in their employees is good for business and good for the health of our community.”
About the Cooperative Livable Wage Model
The Cooperative Grocer Network developed the Cooperative Livable Wage Model in 2003. Like others, this model uses publicly available data to determine living costs, factors in geography and applies to full-time workers only. It differs from other models because it includes employee benefits that address cost of living and applies to a single person, not a family. The model also takes into account the slim profit margins that food co-ops face, making sure the business is financially sound now and into the future.