Popular now
Halfords profits hit £45m as turnaround strategy bears fruit

Halfords profits hit £45m as turnaround strategy bears fruit

H&M Q2 sales ‘lower than planned’ but profitability rises

H&M Q2 sales ‘lower than planned’ but profitability rises

Moonpig profits climb to £68.9m as customer spending increases

Moonpig profits climb to £68.9m as customer spending increases

Pret A Manger to give staff third pay rise in a year

Pret A Manger to give staff third pay rise in a year

On this episode of Talking Shop, we are joined by Nikki Baird, Vice President of Strategy and Product at Aptos. Nikki has spent decades separating technology hype from real-world consumer behavior. Today, we delve into the emergence of the "dark funnel" and how LLMs like ChatGPT are disrupting traditional retail search pipelines, breaking retail media networks, and forcing retailers to their re-evaluate product landing page.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Pret A Manger has announced that it will give staff a 3% pay rise, the third one in 12 months. 

Starting from April, team members will see a pay increase from between £10.30 and £11.55 per hour to between £10.60 and £11.90 per hour depending on location while baristas’ pay will increase from between £10.85 and £12.50 per hour to between £11.20 and £12.85. The salary increase will affect 7,870 UK shop staff.

The company has also announced that its baristas will be amongst the highest paid in the industry and could earn up to £14.10 per hour with the Mystery Shopper Bonus, an extra hourly bonus of £1.25 for which an average of 85% of Team Members are eligible. 

This pay rise is the third one Pret has introduced to help its staff with the cost of living crisis. In December 2022 the company had already announced a 5% pay rise and with the more recent increase the average base salary for shop staff will increase by 19% in April. 

A new discounts portal has also been launched to provide staff with access to fresh food and other essential items from major supermarkets and other businesses at a lower cost. This new portal builds on Pret’s existing benefits package, which includes free food and drink while on shift and a 50% discount for all staff. 

Guy Meakin, interim managing director at Pret A Manger UK and Ireland said: “We’re proud to be making another significant investment in our people’s success and wellbeing. Whether it’s paying above the National Minimum Wage, providing career development opportunities, or leading the industry on Barista pay we’re committed to making Pret a rewarding and supportive place to work for all our teams and paying the best we can afford to. 

“Our people work incredibly hard to make Pret such a well-loved place on the high street, and we wanted to thank them for their continued energy and commitment. As the cost of living continues to rise, we hope this latest increase in pay, and our expanded benefits package, goes some way in providing further support for our hardworking teams.”

Previous Post
What tenants need to know as Covid rent arrears support ends

What tenants need to know as Covid rent arrears support ends

Next Post
Urban Outfitters owner hits record income for Q4

Urban Outfitters owner hits record income for Q4