Currys raises staff pay as cost of living climbs dramatically

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Electricals giant Currys has increased its hourly pay to a minimum of £10.

Currys colleague lifts boxed item for customer

Currys staff will receive a pay rise to £10 per hour

The 5.2% increase was the second in less than a year and is expected to benefit about 10,000 staff.

The rise comes into effect at the start of August and for employees in London will bring the hourly rate to £11.05.

Currys’ decision came as concerns mount about the rising cost of living. Inflation has been rising steeply for some months and is expected to be exacerbated by Russia’s invasion of Ukraine.

Currys chief people officer Paula Coughlan 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.”

Currys’ increase also followed its commitment in October 2021 to increase base pay for hourly paid colleagues in line with the Real Living Wage rate of £9.90.

A wide range of retailers have taken similar action on pay. All Marks & Spencer store staff will receive at least £10 per hour from the start of April and last week John Lewis said it would up pay in line with the real living wage.