John Lewis invests £114m in workers’ pay
From 1 April, the minimum rate of pay for partners outside London will increase from £11.55 to £12.40 an hour and from £12.89 to £13.85 for those within the M25
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John Lewis has announced a £114m investment in pay for 65,000 employees across the business this year.
Some 77% (£88m) of the pay investment is voluntary and is beyond the requirements of the National Minimum Wage.
From 1 April, the minimum rate of pay for partners outside London will increase from £11.55 to £12.40 an hour and from £12.89 to £13.85 for those within the M25.
Over the last three years John Lewis has invested a total of £295m in partner pay and the standard hourly rate for partners in its shops has risen by 25%.
Rates of pay increase to £13.39 per hour for those workers who gain “enhanced skills” and take on specialist roles within the shops, rising to £14.96 inside the M25.
Alongside this, partners who have contributed “exceptionally” to the business will earn additional pay on top of the standard pay increase. This means a customer-facing employee could receive a pay increase of 9.4%.
Jo Rackham, interim executive director, said: “Our partners are co-owners of our business and their service to our customers is what sets us apart, so we have chosen to make another very significant investment in Partner pay this year. This signals our continued commitment to our partners’ pay, taking our total investment over the last three years to £295m.”
