Currys has today announced a £5.5m investment in store colleague pay, taking the company’s cumulative increase in hourly pay to 37% since 2022.
From 29 March, skilled hourly paid store colleagues will earn a minimum of £13.01 per hour, rising to £14.26 in London. Including bonus, average hourly earnings reach £13.93 and £15.18 respectively.
The new rates – which represent a 4% yearly uplift – sit above the incoming National Living Wage of £12.71 for over-21s and will benefit around 7,800 colleagues across Currys’ 280 UK stores, regardless of age.
Currys’ sustained investment in colleagues is driving results across the business. Colleague engagement is now ranked in the top 5% of companies worldwide, its customer-driven Trustpilot rating has reached 4.3/5 and the business continues to deliver strong financial performance. That virtuous circle – where investment in people drives engagement, engagement drives customer experience, and customer experience drives results – enables Currys to keep reinvesting in its colleagues.
Highly engaged colleagues are central to Currys’ omnichannel model, delivering expert advice and great service to customers in store and online.
Currys also provides colleagues with a wide range of benefits, including a 10% colleague discount, pensions, flexible benefits, share plans, and health and wellbeing support.
The company is also the highest-rated retailer on Glassdoor with a score of 4.0/5.
Paula Coughlan, Currys’ chief people, communications and sustainability officer, said: “I’m incredibly proud that we’ve now increased colleague pay by 37% since 2022. That sustained investment reflects a simple truth: our colleagues are central to everything Currys achieves.
“When we invest in our people, we see the impact right across the business – from record levels of colleague engagement to brilliant customer experiences and strong financial performance. That virtuous circle allows us to keep reinvesting in the colleagues who make it all possible.”
