Currys raises base salary for third time in just over a year amid cost of living crisis and labor shortages
- Hourly rates will rise by 3.5% to £10.35 and £11.43 for staff in London
- This comes just a month after the last hike took effect
- Currys has raised the salaries of its lowest-paid staff by a total of 15.6% in 13 months
Currys gave its 10,000 hourly workers another pay raise in a bid to retain and attract workers amid shortages and soaring costs of living.
The electricals retailer said from October 30, rates would rise a further 3.5% to £10.35 an hour and £11.43 for staff in London.
This is the third time it has raised wages in 13 months, just a month after the last increase took effect, the company said.
Salary increase: Currys said he had raised salaries again due to the “current economic climate”
Currys, which has more than 300 stores, has now increased its hourly wages by 15.6% in just over a year.
He said he made the decision to raise salaries again after a thorough review by his ‘cost of living group’ he set up earlier this year.
“While the last hourly rate hike only went into effect last month, the current economic climate and feedback from colleagues has led Currys to raise rates again now, ahead of (and in addition to) the next review. regular wages.”
The company also offers a 3-5% discount each week on purchases at major supermarkets such as Asda, Morrisons and Sainsbury’s.
And he said he has a wide range of employee supports, including mental health masterclasses, staff discounts on products and “crisis loans.”
Retailers have struggled to retain and attract workers since the pandemic, especially truck drivers, forced them to raise wages.
More than 450 Currys jobs are currently advertised on the Indeed job search site, including more than 50 for drivers.
The company is the latest in a string of retailers to raise pay several times this year.
Earlier this month Sainsbury’s announced its second pay rise as part of a £25million package to help staff cope with the cost of living crisis.
John Lewis has also increased the starting salary of its employees in 4% with a one-off payment of £500, although he warned that staff may have to waive their usual annual bonus.
Currys chief executive Alex Baldock said: “Every day I hear from colleagues who are feeling the impact of the rising cost of living and we are determined to do what we can to help.
“That’s why I’m proud to announce that we’re raising our minimum wage rates again.”