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Kingfisher is reportedly set to increase the hourly pay rate for its B&Q and Screwfix staff by more than 8% year-on-year, Retail Week has revealed.
The changes will be effective from the beginning of the new financial year.
Shopfloor workers across both businesses will see their pay rise to £10.60 from 1 April, 2023, marking an 8.2% increase year-on-year.
The raise will put employees aged between 18 and 20 at £3.11 more per hour than the national minimum wage, and those aged between 21 and 22 at 42p more.
Earlier this week, Tesco announced it has agreed to raise its staff’s hourly wages by 72p from £10.30 to £11.02.
This represents the third pay increase given out by the supermarket in the last 10 months and an investment of more than £230m. The combined investment in hourly pay over the last year is a record £450m.
Kingfisher has been contacted for further comment.
