Published On: Fri, May 10th, 2024
Business | 2,389 views

Lidl increases workers’ pay for third time in 12 months with wages up to £14 an hour | Personal Finance | Finance

Workers at Lidl supermarkets across the UK are to get their third pay increase in 12 months.

Shop workers and warehouse staff paid an hourly rate will be uprated to a minimum pay packet of £12.40 an hour, up from £12.

Entry level pay for workers in London will get a hike up to £13.65, up from £13.55. Those who have worked longer for the retailer can get pay up to £13 an hour outside of London and up to £14 within the capital.

Ryan McDonnell, CEO at Lidl, said: “As we continue to expand, we are welcoming more customers and attracting more colleagues into the business every day. It’s absolutely right, therefore, that we continue to offer industry-leading pay.”

Lidl bosses are investing £2.5million in the wage increases, after previous pay hikes in March 2024 and in September 2023.

Workers also get life assurance and optional health and dental insurance. Colleagues also get a staff discount.

Chief human resources officer, Stephanie Rogers, said: “The critical role that our colleagues play in driving our growth is always front of mind for us, which is why we’re committed to offering extremely competitive pay alongside a raft of other benefits.

“We want to continue to support and strengthen the teams that run our stores and warehouses every day, whilst attracting the best new talent. This latest investment helps us to do just that”.

The new pay rates will come into effect from June 1. You can search for roles at Lidl on the group’s career website.

GDP figures released today (April 10) show the UK has exited recession, with in the first quarter of 2024.

Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, spoke about what the latest economic figures mean for family finances.

She said: “Personal budgets have been badly bruised by rising bills and high borrowing costs over the past couple of years, with some consumers still struggling with the financial fallout from the protracted cost-of-living crisis.

“Using credit to cover everyday living expenses has become the norm for some, which is why troublesome debts must be tackled head on rather than hoping the problem will just go away.

“It is not just those out of work facing debt challenges: a fifth of clients in full-time employment seeking debt advice are grappling with a negative budget, where their expenditure exceeds their monthly income.”

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