Tesco has increased its hourly pay to a minimum of £11.02 or 7% for the floor staff for the third time since April of this month.
Tesco’s competitors, Aldi and Sainsbury, are currently paying £11 an hour, while Asda plans to increase to £11.10 an hour in July. Adil provides a paid vacation worth hundreds of pounds a year.
Tesco announced that its employees will continue to receive free food and discounts worth £1,500 per year on their purchases, while workers in London boroughs will receive 93p per hour, or an 8.4% pay increase, bringing the hourly wage to £11.95.
Employers have been forced to raise pay to retain their workforce in the face of inflation, rising living costs, high mortgage rates, and rents, creating competition among retailers.
Aldi, the fastest-growing discounter, is ready to expand, adding 6,000 more employees to its existing workforce in 2023. The chain is ready to double its stores to about 120 in Greater London if they find the right sites, which would add 2,000 more employees.
Asda announced earlier that it would be increasing the hourly pay by 10% by July by investing £141 million. The employees will receive a minimum of £11 from April 2 and then an increase to £11.11 from July 2. At present, they are receiving £10.10.
The national office of the shop workers’ union, Usdaw, which is responsible for negotiating the Tesco pay deal, led by Daniel Adams, stated that the agreement “represents a significant step forward for pay within Tesco retail. It represents a third increase in pay in 10 months and ensures that the business continues to respond positively to the significant pressures our members face.”
- Published By Team Timeswire