// Currys will increase pay rates by a further 3.5% to help during cost-of-living crisis
// Currys has increased base hourly pay by 15.6% in just over a year
Currys has increased the hourly pay for its colleagues in the UK to help support them during the cost-of-living crisis.
From 30 October, the retailer‘s rates will increase by a further 3.5% to £10.35 per hour (£11.43 per hour in London), the third rise in the last 13 months.
Currys has increased base hourly pay by 15.6% in just over a year.
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While the last hourly rate rise only came into effect last month, the current economic climate and feedback from colleagues has led Currys to boost rates again now, ahead of (and in addition to) the next regular pay review.
“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,” Currys CEO, Alex Baldock said.
“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.”
Currys chief people, communications & sustainability officer, Paula Coughlan said: “Everyone has been having to deal with the increased cost-of-living and we haven’t underestimated what it means for our colleagues.
“While we have a range of ways of helping our colleagues at this challenging time, we know that boosting base pay is the most meaningful action we can take. We really mean it when we say that colleagues are our magic ingredient, it is thanks to their continued dedication that we’re able to help everyone enjoy amazing technology.”
In addition to the pay rise, Currys has a wide range of support and guides available including:
• Perks at Work, colleagues can save between 3-5% every week on shopping at major grocers such as Asda, Morrisons and Sainsburys.
• Financial Wellbeing, Guides and tools to manage money from Currys’ partner Salary Finance. Salary Finance may also be able to help improve Currys colleagues’ financial situation with responsible financial products. Currys also offers crisis loans for colleagues facing hardship.
• Colleague discount – 10% off selected products in-store and online and 20% off care and repair live
• Currys’ Employee Assistance Programme can offer counselling on budgeting, credit cards, pensions or savings. It’s a free and fully confidential service, available to colleagues 24/7.
• Currys’ Wellbeing Corner provides extensive information and guides, such as a mental health masterclasses and educational resources.
• Currys’ Mental Health First Aiders & Champions. If colleagues want to speak to someone, the company has trained over 1,200 colleagues who are on hand to listen. They have been given the tools to listen and signpost colleagues to the right support.
