John Lewis boosts staff pay with £114m investment
John Lewis Partnership is increasing pay for its 65,000 Partners, with shop floor colleagues set to receive up to a 9.4% boost from April.
John Lewis Partnership is increasing pay for its 65,000 Partners, with shop floor colleagues set to receive up to a 9.4% boost from April.
The £114m investment will see the standard hourly rate rise to £12.40 outside London and £13.85 within the M25. Those in specialist roles will earn £13.39 per hour, increasing to £14.96 in London.
The high street giant said Partners who make an “exceptional contribution” will receive an additional 2% increase, taking the total potential pay rise to 9.4%.
This move comes as part of JLP’s continued investment in pay, following a £116m increase last year. Over the past three years, the company has raised wages by £295m, with the hourly rate for shop Partners rising by 25% in that period.
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Interim executive director of people Jo Rackham said: “Our Partners are co-owners of our business and their service to our customers is what sets us apart, so we have chosen to make another very significant investment in Partner pay this year.
“This signals our continued commitment to our Partners’ pay, taking our total investment over the last three years to £295m.”
Alongside the pay rise, John Lewis Partnership said it offers a range of benefits, including a pension scheme with up to 12% employer contributions, equal parenthood leave, staff discounts of up to 25%, and financial support for wellbeing and personal development.
This latest increase comes amid a wave of pay rises across the retail sector. M&S is set to raise pay for over 50,000 staff, with customer assistants’ hourly rates increasing to £12.60, while B&Q’s minimum hourly pay is rising to £12.71, with up to £14.05 for London-based staff.
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