High street giant Marks and Spencer has announced it will be making a major change across all of its stores and Food Halls from April. Following a major investment, the retailer says all stores will be affected, and shoppers will agree it's a positive decision.
This will take it ahead of the national living wage which has been set at £10.42 an hour for those over the age of 23 from April this year. Employees in London stores will see their hourly wages upped to £12.05 from £11.25.The move will cost the upmarket retailer £57 million and mark its biggest ever investment into its front-line workers’ rewards. It will see about 62% of its 65,000 employees benefit from the salary boost.
Stuart Machin, chief executive at M&S, said: “Whether you’re running a home or a business, everyone is trying to balance the reality of rising costs. Of course, we all hope inflation subsides, and there are some positive signs that it is doing so, but we need to help colleagues in the here-and-now. The news from M&S comes after Tesco also announced a pay rise for staff. The hourly wage of a store worker is going up from £10.30 to £11.02 from April 2, says PA.
Customer assistant staff will see their hourly pay increase to £10.90 from £10.20 from April 1, M&S revealed.