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Currys has announced a further boost to pay with a new £13m investment which will see all hourly paid staff receive a higher hourly rate, alongside a bonus programme.
Store-based employees will now be able to earn on average £12.33 per hour, with top performers on £13.95 an hour on average, representing a 9.5% increase in their hourly rate. The potential for bonuses is also uncapped.
Currys also announced a further boost to minimum pay rates, which will increase to £11.50 per hour, or £12.50 per hour in London.
Over the past three years, Currys has raised its minimum hourly pay by 29%.
The electronics retailer said it is also continuing to invest “heavily” in a learning and development programme for staff.
Paula Coughlan, chief people, comms and sustainability officer at Currys, said: “Our passionate and dedicated colleagues are what make Currys special, and we’re delighted to be able to offer them this latest pay rise. We’re continuing to put our money where our mouth is and invest in our most important asset: our people. It’s what we said we would do, and we’re delivering on that promise.
“As well as competitive base pay, Currys offers a comprehensive total remuneration package. This includes a wide range of benefits such as bonuses, 10% discount, pensions, flexible benefits, share plans, and health and wellbeing benefits. We’re also investing heavily in training and development to equip colleagues with skills for life.”
She added: “With more than 275,000 hours of learning logged last year, we’re seeing more colleagues than ever grow their skills and careers at Currys. I’m proud of our reputation as a leading employer and that our colleague satisfaction levels rank in the top 5% of global companies. We will continue to work tirelessly to make Currys an even better place to work.”
