Marks & Spencer’s base rate of pay for UK store staff will increase from 50p/hour to £10 from 1 April 2021. Hourly rates for London-based store staff will increase from 10.75 £ to £11.25.
The National Living Wage is currently £8.91. From April 1, 2022, it is expected to drop to £9.50.
Retailers also improved their benefits package. All M&S colleagues will be able to access a virtual GP service, health screenings and advice on financial management.
Steve Rowe, CEO of M&S, said: “M&S is always at its best when we put our people at the heart of it. The contribution of our teams to support our customers and each other every day through truly difficult times has been remarkable. By further increasing our investment in one of the best global rewards offers for store colleagues in retail, we are ensuring that every colleague, whatever they do and wherever they work, is properly rewarded and supported at M&S.
In January, Sainsbury’s announced that from March 6, 2022 it would increase its basic hourly pay for store staff and pledged to raise salaries for drivers as part of a £100million investment sterling.