// Wilko increases entry level hourly rate to £10
// This is 50p above the national living wage
Wilko has increased its entry level hourly rate to £10, which is 50p above the national living wage.
The pay increase comes after a successful national ballot of team members undertaken by the GMB trade union.
The retailer said it is committed to an additional market forces temporary payment of 50p per hour for logistics team members to support recruitment and retention until the end of March 2023.
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Wilko is also temporarily increasing team member discount to 30% until the end of January to help support colleagues during the cost-of-living crisis.
Wilko CEO, Jerome Saint-Marc said: “We heard loud and clear from team members and from the GMB, who submitted an interim pay claim on behalf of members, that they are worried about the cost-of-living increase, particularly for anybody on entry level hourly rates.
“Despite the pressures on retail at the moment, we are really pleased to be able to further invest in our team members to help them through this.
“Our goal remains to grow by helping hard-working families with their everyday household and garden jobs. This approach is made possible only through the continued long-term commitment of our family ownership.”
The pay increase comes after Wilko drafted advisers in from Teneo to find ways to cut costs.
The high street retailer is seeking cost-cutting and restructuring options in an effort to shore up its balance sheet.