Currys invests £13 million in staff pay
Currys has announced a £13 million investment in staff pay in which hourly paid workers will benefit from a higher hourly rate, combined with a “market-leading” bonus programme.
Through a mix of base pay and bonus, store colleagues will be able to earn on average £12.33 per hour, with top performers on £13.95 an hour on average. The retailer said some team members will earn even more due to bonuses being uncapped. The investment represents a 9.5% increase in their hourly rate.
Currys is also increasing its minimum pay rates to £11.50 per hour or £12.50 per hour in London.
Paula Coughlan, chief people, comms and sustainability officer at Currys plc 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.”
In a further move, the retailer is investing in building capability through a programme of learning and development, which is designed to improve the skills and earning potential of staff.
Coughlan added: “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. I’m proud of our reputation as a leading employer and that our colleague satisfaction levels rank in the top 5% of global companies. We will continue to work tirelessly to make Currys an even better place to work.”
