John Lewis has announced new pay levels for staff (Image: Getty)
The John Lewis Partnership has announced a £114m investment in pay for 65,000 Partners across the company this year. Seventy-seven per cent (£88m) of the pay investment is voluntary and exceeds the requirements of the National Minimum Wage.
From April 1, the minimum rate of pay for Partners outside London will rise from £11.55 to £12.40 an hour and from £12.89 to £13.85 for Partners within the M25. Over the last three years, the John Lewis Partnership has invested a total of £295m in Partner pay, with the standard hourly rate for Partners in our shops increasing by 25 per cent.
Pay rates will increase to £13.39 per hour for those Partners who gain enhanced skills and take on specialist roles in our shops, rising to £14.96 inside the M25. In addition, Partners who have contributed ‘exceptionally’ to the business will earn additional pay on top of the standard pay increase.
This means a customer-facing Partner could receive a pay increase of 9.4%. The investment in pay comes alongside a distinctive and generous benefits package, which includes: 25% off most purchases in John Lewis and 20% off purchases at Waitrose, a competitive pension scheme with the Partnership contributing up to 12% of pay, life assurance scheme, equal parenthood leave, generous annual holiday allowance, wide-ranging wellbeing offer, and subsidised holidays in the Partnership’s hotels.
Jo Rackham, Interim Executive Director, People, stated: “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.”
The announcement comes on the same day