Currys invests £8 million in staff pay

Currys is investing £8 million in raising pay for all hourly paid staff.

The electricals and technology retailer’s store colleagues will see their minimum hourly rate increase to £12.51 or £13.51 if they are based in London.

When its bonus is included, Currys said the move will push average earnings to £13.47 per hour and £14.07 per hour for its “Top Squad” staff. Some will make even more due to bonuses being uncapped.

Over the past three years, Currys has raised its minimum hourly pay for skilled sales colleagues by 32%.

Paula Coughlan, chief people, comms and sustainability officer, said: “Retail has seen a barrage of financial headwinds recently, but we recognise that it’s our colleagues’ dedication and skill that ensure we’re still winning despite the challenging business environment.

“We’re delighted to be able to offer colleagues this latest pay rise, which is double the current rate of inflation, further demonstrating our commitment to them.

“It’s thanks to their skill and expertise that we keep helping everyone enjoy amazing technology at a time where many find it increasingly confusing and expensive.”