Currys plc has unveiled a new enhancement to its colleague remuneration structure. The update includes an increase in the hourly rate for all hourly-paid staff, coupled with an advanced bonus scheme.
This adjustment allows store-based employees to earn an average hourly wage of £12.33, with the potential for top performers to achieve an average of £13.95 per hour. Exceptionally, due to the uncapped nature of the bonus scheme, some colleagues may earn even more. This change marks a 9.5% rise in the hourly pay rate.
Additionally, Currys has raised its minimum wage rates to £11.50 per hour nationally, and £12.50 per hour within London. Over the last three years, the minimum hourly pay at Currys has seen a 29% increase, substantially elevating the annual earnings for a colleague working 20 hours a week by around £2,700 over this period.
The company is also advancing its investment in colleague development through a comprehensive learning and development initiative. This programme aims to enhance the skills and earning potential of its workforce, reflecting Currys’ ongoing commitment to both immediate rewards and future career growth.
Paula Coughlan, Chief People, Comms and Sustainability Officer at Currys plc said, “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.”
