Retailer Currys is increasing pay for its approximately 10,000 hourly-paid employees as part of an investment into their pay.
Its store-based workers will now earn an average of £12.33 per hour, while its top-performing employees can earn on £13.95 an hour on average, with some able to earn even more due to its uncapped bonus programme. This investment represents a 9.5% increase in their hourly rate.
The retailer has additionally increased minimum pay rates, which will rise to £11.50 per hour across the UK and to £12.50 per hour in London.
Over the past three years, Currys has increased its minimum hourly pay by 29%. This increase in take-home pay will mean that the annual earnings of an employee who works 20 hours a week will have risen by nearly £2,700 over the three-year period.
Paula Coughlan, chief people, comms and sustainability officer at Currys, said: “Our passionate and dedicated colleagues are what make Currys special, and we’re delighted to be able to offer them this latest pay rise. We’re continuing to put our money where our mouth is and invest in our most important asset: our people. It’s what we said we would do, and we’re delivering on that promise.
“This latest investment is a further illustration of the ways in which Currys continues to reward colleagues today at the same time as building future capability. I’m proud of our reputation as a leading employer and that our colleague satisfaction levels rank in the top 5% of global employers. We will continue to work tirelessly to make Currys an even better place to work.”
Currys offers a total remuneration and benefits package that includes bonuses, 10% discount, pensions, flexible benefits, share plans, and health and wellbeing benefits. It is also investing in an extensive programme of learning and development, which is designed to increase the skills and earning potential of its employees.