6 C
London
Wednesday, April 24, 2024
HomeNewsSupermarket TrendsLidl Allocates £37 Million for Staff Benefits

Lidl Allocates £37 Million for Staff Benefits

Date:

Related stories

Woolworths Offers Affordable, Restaurant-Style Meals For Convenient Dining At Home

Woolworths Offers Affordable, Restaurant-Style Meals For Convenient Dining At...

Vitafoods Europe Reveals Complete List Of Speakers For 2024 Event

Vitafoods Europe Reveals Complete List Of Speakers For 2024...
spot_imgspot_img

Lidl Allocates £37 Million for Staff Benefits

Lidl GB is boosting the hourly pay rates for its store and warehouse colleagues, making them the highest in the sector. With a £37 million investment, around 26,000 hourly-paid colleagues will see increased rates, reaching up to £13.85 per hour. This move follows a successful Christmas trading period and marks the third pay increase for these colleagues in the past year.

Starting from March 1st, the entry-level rates will rise from £11.40 to £12.00 outside the M25, increasing to £13.00 with length of service. Inside the M25, pay rates will go up from £12.85 to £13.55, eventually reaching £13.85. These new rates will be up to 17% higher than the upcoming National Minimum Wage in April.

The investment includes pay increases for salaried colleagues, introducing a £2.00 per hour bank holiday premium, and enhancing the nightshift premium to £3.50 per hour, extending the payable timeframe by one hour. This update brings Lidl’s total pay investment over the past year to nearly £60 million.

Additionally, Lidl is the only discounter providing a 10% employee discount, valued at up to £600 per person, totaling an annual investment of approximately £20 million.

Lidl’s decision to invest in its workforce follows a record Christmas trading period, with sales growing by 12% YoY in the four weeks ending December 24, 2023. The supermarket gained £116 million of customer spend from competitors during the festive period, outperforming every other grocer.

Ryan McDonnell, CEO at Lidl GB, expressed gratitude to the colleagues for their commitment and performance, emphasizing the importance of investing in people as they aim to increase market share. Stephanie Rogers, Chief Human Resources Officer at Lidl GB, highlighted the company’s dedication to being a great workplace, offering competitive pay and various benefits, including recently introduced maternity and adoption pay.

Lidls-Dairy-Product-updat

Latest stories