- Minimum hourly rate for skilled stores-based colleagues will rise to £12.51 (£13.51 in London)
- Including bonus, this pushes average earnings to £13.47 per hour and £14.07 per hour for the ‘Top Squad’
- All colleagues benefit from world-class training and development programmes
Currys plc, the UK’s largest omnichannel technology retailer, has today announced an inflation-beating boost to colleague pay. The £8m investment will see all hourly paid colleagues benefit from a higher hourly rate, combined with Currys’ bonus programme.
Skilled hourly paid store colleagues[1] will see the minimum hourly rate rise to £12.51 (£13.51 in London). Including bonus, this pushes average earnings to £13.47 per hour and £14.07 per hour for our ‘Top Squad’[2], with some making even more as bonuses are uncapped. This investment represents an inflation-beating 6% increase in their hourly rate.
Over the past three years, Currys has raised its minimum hourly pay for skilled sales colleagues by an impressive 32%, highlighting its commitment to colleagues’ financial wellbeing. This represents a significant increase in take-home pay. For instance, a colleague working 20 hours a week will have seen their annual earnings rise by nearly £3,100 over this three-year period.
Currys is also continuing to invest heavily in building capability through an extensive programme of learning and development, which is designed to increase the skills and earning potential of its capable and committed colleagues. This latest investment is a further illustration of the ways in which Currys continues to reward colleagues today at the same time as building future capability and skills.
“Retail has seen a barrage of financial headwinds recently, but we recognise that it’s our colleagues’ dedication and skill that ensure we’re still winning despite the challenging business environment. We’re delighted to be able to offer colleagues this latest pay rise, which is double the current rate of inflation, further demonstrating our commitment to them. It’s thanks to their skill and expertise that we keep helping everyone enjoy amazing technology at a time where many find it increasingly confusing and expensive.
Paula Coughlan Chief People, Comms and Sustainability Officer
I’m determined to continue making Currys an ever-better place to build skills for life and grow meaningful careers.”
As well as competitive base pay, Currys offers a comprehensive total remuneration package. This includes a wide range of benefits such as a bonus, 10% discount, pensions, flexible benefits, share plans, and health and wellbeing benefits. Currys is also investing heavily in training and development to equip colleagues with skills for life. With more than 370,000 hours of learning logged last year, more colleagues than ever are growing their skills and careers at Currys.
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 serve customers.
ENDS
[1]Skilled, hourly paid store colleagues who have passed onboarding
[2]Top 1000 colleagues per period across UK&I based on individual performance against 3 measures