Sainsbury’s invests £200m to raise pay by 9.1%
The supermarket has increased hourly pay to £12, jumping to £13.15 for those working in London. This means colleagues nationwide get almost £2,000 extra per year, with Londoners getting almost £2,300 extra.
Effective from March, the pay bump which marks a 9.1% increase, is its “biggest ever” investment into colleague pay, and is in line with the Real Living Wage.
Simon Roberts, chief executive at Sainsbury’s, said: “I’m delighted to confirm an industry leading pay increase again this year for all our hourly paid colleagues. At Sainsbury’s we will be increasing pay by 9.1% to £12 per hour, taking our investment into colleague pay to more than £500m over three years. For a full time colleague, this is an extra £1,910 a year and this increase is well ahead of inflation and the government’s 2024 national living wage of £11.44.
“We continue to lead our industry in the level of reward and benefits we provide for our people and this remains a clear priority for us at Sainsbury’s. We believe well rewarded, engaged colleagues deliver the best service and attracting and retaining the best talent will be crucial to our success in delivering the next phase of our business strategy.”