More than one in four retail staff have received a pay rise of 5% or more in the last year, research has revealed.
A study by Barclaycard Business has revealed 42% of employees’ salaries have increased by more than 5%, suggesting retailers are rewarding their staff above the rate of inflation.
More than half (58%) of retail companies have increased staff pay in the last year, the study of 1,000 UK retailers showed.
Scottish retailers are the most generous when it comes to pay reviews and benefit provision. Three-quarters of Scottish retail businesses had offered their employees a pay rise in the past year, with 38% receiving a 5% rise or more.
Bill Thomson, commercial director at Barclaycard Business, said: “It is really positive to see such high levels of employee remuneration, suggesting that the market remains buoyant.”
The survey also revealed the most commonly offered benefits; employee discounts on products (56%), bonuses (46%) and flexible working opportunities (41%).