Currys is investing a further £13m in colleague pay, which will see all hourly paid staff receiving a higher hourly rate and bonuses.
The electricals retailer said skilled store-based colleagues will be able to earn an average of £12.33 per hour, with “top performers” earning an average of £13.95 per hour. There is also potential for uncapped bonuses.
The investment represents a 9.5% increase in staff hourly rate. Currys is also boosting its minimum pay rates to £11.50 per hour and £12.50 per hour in London.
Currys has increased minimum hourly pay by 29% over three years and is continuing to invest in its programme of learning and development to “increase the skills and earning potential” of its colleagues.
Currys chief people, communications and sustainability officer Paula Coughlan 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.”
“As well as competitive base pay, Currys offers a comprehensive total remuneration package. This includes a wide range of benefits such as bonuses, 10% discount, pensions, flexible benefits, share plans, and health and wellbeing benefits.
“We’re also investing heavily in training and development to equip colleagues with skills for life. With more than 275,000 hours of learning logged last year, we’re seeing more colleagues than ever grow their skills and careers at Currys.”
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