M&S to raise base hourly pay rate to £10
Marks & Spencer is to raise the base rate of pay for over 40,000 UK staff members by 50p an hour from April.
This will mean the rate will increase to £10 from £9.50 for staff outside of London.
Meanwhile, rates in London will rise to £11.25 from £10.75.
In a statement, M&S said that it has also improved its overall benefits package to better support staff wellbeing. Benefits now also include access to a virtual GP service, health check screening and advice on financial management.
Steve Rowe, M&S chief executive, said: “M&S is always at its best when we’ve put our people at the heart of it. The contribution our teams have made to support our customers and each other every day through some really challenging times has been remarkable. By once again increasing our investment into one of the best all round reward offers for store colleagues across retail, we’re making sure that every colleague whatever they do and wherever they work, is properly rewarded and supported at M&S.”
