Currys has made a significant investment in store colleague pay in the UK, increasing hourly pay by 37% since 2022.
The electricals retailer has invested £5.5m in pay this year, and from March 29, skilled hourly paid store staff will earn a minimum of £13.01, or £14.26 in London.
With bonuses, earnings could reach £13.93 and £15.18 in London.
The new rates reflect a 4% yearly rise, and is above the national living wage of £12.71 for over-21’s. The new rise is set to benefit around 7,800 colleagues across Currys’ 280 UK stores, not dependent on age.
Currys added that it is now the highest rated retailer on Glassdoor with a 4.0 out of 5, and colleague engagement is now ranked in the top 5% of companies worldwide, with a Trustpilot rating of 4.3 out of 5.
The retailer also gives colleagues access to benefits such as 10% staff discount, pensions, flexible benefits, share plans, and health and wellbeing support.
Currys chief people, communications, and sustainability officer Paula Coughlan said: “I’m incredibly proud that we’ve now increased colleague pay by 37% since 2022. That sustained investment reflects a simple truth: our colleagues are central to everything Currys achieves.
“When we invest in our people, we see the impact right across the business – from record levels of colleague engagement to brilliant customer experiences and strong financial performance. That virtuous circle allows us to keep reinvesting in the colleagues who make it all possible.”
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