The retailer stated £88m of the funding is voluntary, going past the edge of the Nationwide Minimal Wage. The retail partnership has invested £230m in pay over the previous two years.
From 1 April, fee of pay for retailer workers will rise by 7.4%, with those that make an distinctive contribution to the partnership receiving an extra 2%, resulting in a doable enhance of 9.4%.
John Lewis is owned by a belief on behalf of all its workers, often known as companions, 99.3% of all companions will obtain a pay enhance this yr.
The minimal fee of pay for workers outdoors the M25 will enhance from £11.55 to £12.40 an hour. For London-based workers, the hourly fee will rise from £12.89 to £13.85.
Whole pay has elevated by £295m over the previous three years, with the usual hourly fee rising by 25%.
For individuals who achieve enhanced expertise and tackle specialist roles, charges of pay enhance to £13.39 per hour, and to £14.96 contained in the M25.
John Lewis follows within the footsteps of Marks & Spencer, which introduced its largest funding in retail pay so far yesterday.
Jo Rackham, John Lewis’ interim government director, folks, stated: “Our companions are co-owners of our enterprise and their service to our clients is what units us aside, so we now have chosen to make one other very vital funding in companion pay this yr. This indicators our continued dedication to our companions’ pay, taking our complete funding over the past three years to £295m.”
