The John Lewis Partnership has announced a £114m investment in pay for 65,000 Partners across the business this year.
More than three-quarters (77% equal to £88m) of the pay investment is voluntary and is beyond the requirements of the National Minimum Wage.
From 1 April, the minimum rate of pay for Partners outside London will increase from £11.55 to £12.40 an hour and from £12.89 to £13.85 for Partners within the M25.
Over the last three years John Lewis Partnership has invested a total of £295m in Partner pay and the standard hourly rate for Partners in our shops has risen by 25%.
Rates of pay increase to £13.39 per hour for those Partners who gain enhanced skills and take on specialist roles in our shops, rising to £14.96 inside the M25.
Alongside this, Partners who have contributed ‘exceptionally’ to the business will earn additional pay on top of the standard pay increase. This means a customer-facing Partner could receive a pay increase of 9.4%.
The investment in pay comes on top of a distinctive and generous benefits package, which includes:
- 25% off most purchases in John Lewis and 20% off purchases at Waitrose
- A competitive pension scheme with the Partnership contributing up to 12% of pay
- Life assurance scheme, up to four times annual pay
- Equal parenthood leave
- Generous annual holiday allowance
- Wide-ranging wellbeing offer
- Subsidised holidays in the Partnership’s hotels
- £60 a year towards the cost of event tickets such as concerts and festivals and £250 a year to help towards learning a new skill or exploring an interest
Jo Rackham, Interim Executive Director, People, said:
“Our Partners are co-owners of our business and their service to our customers is what sets us apart, so we have chosen to make another very significant investment in Partner pay this year.
“This signals our continued commitment to our Partners’ pay, taking our total investment over the last three years to £295m.”
