Wages
This coverage examines wage trends and policies in the UK retail sector, focusing on pay levels, employer contributions, labour cost management, and compliance. Reporting highlights how changes in wages impact staffing budgets, recruitment, retention, and operational planning — offering insight for executives, HR leaders, and finance professionals managing workforce investments.
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Jan- 2022 -6 JanuaryDIY
B&M ups guidance following strong festive trading
B&M has announced it has raised its guidance for FY22 following a period of “very strong” trading in the run-up to Christmas. The retailer’s EBITDA is now expected to be in the range of £605m to £625m, ahead of analysts’ current estimate of £578m. Although total UK revenue was down…
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Dec- 2021 -9 DecemberDIY
IKEA exceeds Living Wage rates amid pay rise
IKEA has exceeded the new real Living Wage rates in its latest pay increase, which sees staff wages rise to at least £11.30 an hour in London and £10.10 in the rest of the country. Retail trade union Usdaw has welcomed the pay rise, as the union’s New Deal for…
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7 DecemberDepartment Stores
Harrods strike averted after pay rise victory
Planned strike action at Harrods has been averted after the luxury department chain offered its restaurant staff a pay rise amid an ongoing pay dispute. Its offer to take the pay above the London Living Wage came days into a ballot for strike action, organised by United Voices of the…
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Nov- 2021 -17 NovemberNews
Lidl becomes UK’s highest paying supermarket
Lidl GB has announced plans for its biggest ever investment into colleague wages, making it the highest paying supermarket in the UK. The supermarket revealed it is committed to investing £18m in wages, directly benefiting over 21,000 Lidl colleagues and over 80% of its workforce across Great Britain. Entry-level wages…
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1 NovemberDIY
Ikea workers to benefit from £93m Covid bonus
More than 170,000 Ikea employees are set to benefit from a share of €110m (£93m) in recognition of their efforts during the Covid pandemic. The award will be divided among the countries and apply to all Ingka Group co-workers (Ikea Retail, Ingka Centres, and Ingka Investments) employed on 31 August,…
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Oct- 2021 -19 OctoberAdvice
Certainty exceeds discounts in 2021 peak trading
Global supply chain disruption could not have come at a worse time for UK retailers desperate to maximise the potential of an ever growing online customer base during peak trading season. But with costs spiralling and many products unlikely to arrive in the country in time for Christmas, let alone…
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Sep- 2021 -30 SeptemberNews
Amazon targets 20,000 new seasonal staff
Amazon has announced its aim to recruit 20,000 seasonal positions across the UK for the festive season. The firm has said its seasonal roles are in addition to the 55,000 permanent employees Amazon has in the UK, offering “competitive” wages and benefits. This year already, Amazon revealed it has created…
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23 SeptemberSupermarkets
Supermarkets warn of panic-buying amid ongoing labour crisis
Leading UK supermarkets are reportedly concerned about a surge in panic-buying during the run-up to Christmas, as supermarkets continue to face an “array” of pressures including the ongoing HGV driver shortage. The boss of Iceland has today warned customers against panic-buying over the period, as managing director Richard Walker told…
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6 SeptemberSupply Chain
Labour shortages could continue for two-years, CBI warns
Labour supply problems could last for up to two years and will not be solved by the end of the Job Retention Scheme, the CBI’s director-general, Toby Danker has warned. The warning comes as the CBI’s director-general has set out priorities for both business and government to guard against labour…
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Aug- 2021 -17 AugustEconomy
Unemployment falls to 4.7% as job vacancies hit record high
UK unemployment fell to 4.7% for the quarter to 30 June 2021, a drop of 0.2% when compared to the previous three month period. According to the ONS, this was coupled by a 0.3% rise in the UK employment rate to 75.1% in the same period, closing the gap with…
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