- Increased hourly rate by 5.2% to £10 (£11.05 in London) from 1 August 2022
- This will result in an hourly rate increase for approximately 10,000 colleagues
- Comes ten months after Currys announced the previous wage increase, which aims to exceed Real Living Wage recommendation of £9.90
- Any colleagues who join the business after 1 August 2022 will earn the new applicable rate
Currys plc, the UK’s largest omnichannel technology retailer, has today announced a 5.2% increase to the minimum pay rate of its hourly paid colleagues in the UK to £10 per hour (£11.05 per hour in London). This will take effect from 1 August 2022, and is the second rise in the last 12 months.
The announcement follows Currys' previous commitment to increase base pay for hourly paid colleagues, in line with 2021 Real Living Wage rates back in October. The Company has invested nearly £25 million back into colleague training, wellbeing, and rewards. The pay increase will not only exceed the Real Living Wage recommendation of £9.90, but is also recognising colleagues’ continued support, expertise, and flexibility as it continues the transformation of the business.
Capable and committed colleagues are Currys’ greatest advantage and the business continues to upskill, multi-skill and reward its colleagues who are passionate and knowledgeable about tech, and proud to sell and serve customers. There is no other investment that is more important in winning customers for life, which is why the business has gone above the £9.90 Real Living Wage.
Paula Coughlan, Chief People Officer at Currys plc, said, “We understand the mounting pressures from the increased cost-of-living and what this means for our colleagues. We want to make sure we’re doing our part to support them, and that’s why we’re proud to offer higher hourly base pay rates across our 10,000 colleagues. At Currys, our colleagues are our magic ingredient and it’s thanks to them we’re able to help everyone enjoy amazing technology.”
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About Currys plc
Currys plc is a leading omnichannel retailer of technology products and services, operating online and through 832 stores in 8 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us. In the UK&I we trade as Currys; in the Nordics under the Elkjøp brand and as Kotsovolos in Greece. In each of these markets we are the market leader, employing 33,000 capable and committed colleagues.
Our full range of services and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them, throughout their lives. The Group’s operations are supported by a sourcing office in Hong Kong, state-of-the-art repair facilities and an extensive distribution network, enabling fast and efficient delivery to stores and homes.
Our vision, we help everyone enjoy amazing technology, has a powerful social purpose at its heart. We believe in the power of technology to improve lives, help people stay connected, productive, healthy, and entertained. We’re here to help everyone enjoy those benefits and with our scale and expertise, we are uniquely placed to do so.
We’re a leader in giving technology a longer life through repair, recycling and reuse. We’re reducing our impact on the environment in our operations and our wider value chain and we will achieve net zero emissions by 2040. We offer customers products that help them save energy, reduce waste and save water, and we partner with charitable organisations to bring the benefits of amazing technology to those who might otherwise be excluded. Visit www.currysplc.com for more information.