The John Lewis Partnership has announced a £108m investment in pay, continuing its commitment to invest in partner wages, alongside its wide range of other benefits.
The latest announcement comes on top of nearly £300m added to the pay budget over the three previous years. Of this latest £108m investment, nearly 90% is voluntary and driven by the business’ desire to invest in its partners, representing spend above and beyond the requirements of the National Minimum Wage.
From 1st April, those working on the shop floor across John Lewis and Waitrose will receive a 6.9% increase, with minimum hourly rates rising to £13.25 (UK-wide) and £14.80 (within the M25). For a typical full-time partner, this translates to an additional £1,600 per year.
Rates of pay will increase to £14.31 per hour for those partners who gain enhanced skills and take on specialist roles, rising to £15.98 within the M25.
Helen Webb, chief people officer at the John Lewis Partnership, says: “Our partners are the heartbeat of our business. This £108m investment is about putting more money into their pockets month-in, month-out. This pay growth demonstrates a sustained commitment to partner pay, consistent with previous years. This ensures that the rewards for our partners’ hard work are built into their monthly pay as we continue to invest in the future of the partnership."
In addition to baseline pay, partners can access a unique range of benefits, including generous discounts at John Lewis and Waitrose. The partnership also offers up to a 12% pension contribution, discounted rates to its network of hotels across the UK, up to £275 towards subsidising personal development and leisure activities such as theatre and live events, subsidised meals, and a wide-ranging health and wellbeing offer including options for self-referral to physiotherapy and counselling.
