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Currys has announced a £5.5m investment in store colleague pay, taking the company’s cumulative increase in hourly pay to 37% since 2022.
From 29 March, skilled hourly paid store colleagues will earn a minimum of £13.01 per hour, rising to £14.26 in London.
The new rates represent a 4% yearly uplift and sit above the incoming National Living Wage of £12.71 for those over 21. The pay rise will affect approximately 7,800 colleagues across 280 UK stores regardless of their age.
Average hourly earnings reach £13.93 and £15.18 in London when including bonuses.
The company stated its investment in staff has led to colleague engagement ranking in the top 5% of companies worldwide. Staff also receive benefits including a 10% discount, pensions, share plans, and health and wellbeing support.
Paula Coughlan, chief people, communications and sustainability officer, said: “I’m incredibly proud that we’ve now increased colleague pay by 37% since 2022. That sustained investment reflects a simple truth: our colleagues are central to everything Currys achieves.
“When we invest in our people, we see the impact right across the business – from record levels of colleague engagement to brilliant customer experiences and strong financial performance. That virtuous circle allows us to keep reinvesting in the colleagues who make it all possible.”
