Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

National living wageRetailLatest NewsPay & benefitsMinimum wage

Rising cost of living prompts Currys hourly pay boost

by Ashleigh Webber 15 Mar 2022
by Ashleigh Webber 15 Mar 2022 This is the second rise in a year for Currys employees
Pic: Currys
This is the second rise in a year for Currys employees
Pic: Currys

Technology retailer Currys has announced a 5.2% base pay increase for hourly paid staff, in response to the rising cost of living.

From 1 August 2022, employees who earn an hourly rate will see minimum pay rise to £10 an hour – taking staff pay above both the national living wage (£9.50 an hour for employees aged 23 and over from 1 April 2022) and the voluntary Living Wage rate, recommended by the Living Wage Foundation (£9.90).

While higher than the average pay settlement of 3%, Currys’ pay increase narrowly misses the CPI rate of inflation, which in January was 5.5%.

It will be the second pay increase for Currys staff in 12 months. In October 2021, it raised staff pay in line with the Living Wage Foundation’s recommended minimum rate.

The retailer said the pay increase is in recognition of employees’ continued support, expertise, and flexibility as it continues the transformation of its business.

Rising cost of living

Cost of living crisis: what can businesses do to help employees?

Third of workers back Bank of England chief over pay restraint

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 and it’s thanks to them we’re able to help everyone enjoy amazing technology.”

The organisation said it had also invested almost £25m into staff wellbeing, training and reward programmes.

From 1 April, new national living wage and national minimum wage rates will apply to all organisations.

Reward, compensation and benefits opportunities


Browse all comp and benefits jobs

Ashleigh Webber
Ashleigh Webber

Ashleigh is editor at OHW+ and HR and wellbeing editor at Personnel Today. Ashleigh's areas of interest include employee health and wellbeing, equality and inclusion and skills development. She has hosted many webinars for Personnel Today, on topics including employee retention, financial wellbeing and menopause support. Prior to joining Personnel Today in 2018, she covered the road transport sector for Commercial Motor and Motor Transport magazines, touching on some of the employment and wellbeing issues experienced by those in road haulage.

previous post
New approach to anorexia nervosa ‘transforms’ outcomes
next post
The importance of being an ethical leader and how to become one

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

You may also like

Top earners’ pay soars by 10% while lowest-paid...

8 Aug 2022

Office could be sanctuary for workers fearing winter...

4 Aug 2022

Inflation forecast to hit 13% in autumn says...

4 Aug 2022

Shell to pay workers a one-off 8% bonus

4 Aug 2022

BT strike: company ‘has stuck two fingers up...

29 Jul 2022

Police ‘let down’ by ministers with insufficient pay...

28 Jul 2022

UK employees increasingly seek temp work for extra...

28 Jul 2022

Average UK households £8,800 poorer than French and...

21 Jul 2022

Women over 50 hesitant to progress due to...

19 Jul 2022

Real wages fall 2.8% as pay fails to...

19 Jul 2022
  • 6 reasons why work-based learning is better than traditional training PROMOTED | A recent Fortune/Deloitte survey found that 71% of CEOs are anticipating that this year’s biggest business disrupter...Read more
  • Strengthening Scotland’s public services through virtual recruiting PROMOTED | This website is Scotland's go-to place for job seekers looking to apply for roles in public services...Read more
  • What’s next for L&D? Enter Alchemist… PROMOTED | It’s time to turn off the tedious and get ready for interactive and immersive learning experiences...Read more
  • Simple mistakes are blighting the onboarding experience PROMOTED | The onboarding of new hires is a company’s best chance...Read more
  • Preventing Burnout: How can HR help key workers get the right help? PROMOTED | Workplace wellbeing may seem a distant memory...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+