UK’s Electrical Retailer Currys to Raise Minimum Pay Rate by 9.5%

Currys announces a further £13m investment in colleague pay

Skilled colleagues will now be able to earn up to £13.95 an hour.

Three out of four colleagues will earn a minimum of £12 per hour.

All colleagues to also benefit from world-class training and development programmes

Currys plc, the UK’s largest omnichannel technology retailer, has announced a further boost to colleague pay. The investment will see all hourly paid colleagues benefit from a higher hourly rate, combined with a market-leading bonus programme.

Through this market-leading blend of base pay and bonus, skilled stores-based colleagues will now be able to earn on average £12.33 per hour, with top performers on £13.95 an hour on average, with some making even more as the potential for bonuses is uncapped. This investment represents a 9.5% increase in their hourly rate.

Currys is also announcing a further boost to minimum pay rates, which will increase to £11.50 per hour (£12.50 per hour in London). Over the past three years, Currys has raised its minimum hourly pay by an impressive 29%. 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 £2,700 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.

Related Article: UK supermarket chain Asda announces 8.4% increase for store workers pay, now highest paying UK grocery retailer

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. 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” – PAULA COUGHLAN, Chief People, Comms and Sustainability Officer at Currys plc

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.

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