Currys boosts staff pay for third time in a year

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Currys has hiked its staff pay for the third time in the space of just 13 months.

Currys exterior

Currys has increased base hourly pay by 15.6% in the last 13 months

The electricals retailer has announced that its hourly paid colleagues’ minimum rate will rise to £10.35 across the UK and £11.43 in London from October 30.

The 3.5% increase marks the third time Currys has boosted its pay rates in just over a year, and one month after the last rise came into effect.

In total, the retailer has increased base hourly pay by 15.6% in the 13-month period.

The pay rise, which will affect more than 10,000 of its colleagues, comes after Currys launched a cost-of-living review group made up of senior leadership across the business earlier this year.

Currys chief executive Alex Baldock said: “Every day, I hear from colleagues who are feeling the impact of the rising cost of living and we’re determined to do what we can to help. That’s why I’m proud to announce that we’re again increasing our minimum pay rates.

“When it comes to more capable and committed colleagues, we’re putting our money where our mouth is. We’ve invested tens of millions over the last three years in supporting colleagues.

“Whether it’s more pay (minimum pay up 38% over the last five years in the UK), better bonus schemes, skills, new opportunities and career paths, we’ve invested. I’m proud of that and we’re a better business because of it.”