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M&S is growing workers pay for the second time this yr to assist with the price of residing | Marks & Spencer

Marks & Spencer is growing workers pay for the second time this yr and offering 4,500 workers with £250 buying vouchers as a part of a £15m package deal to assist deal with the rising price of residing.

Clothes, homewares and meals retailers are additionally providing free meals to workers of their warehouses along with these already offered to workers in shops, and each teams could have entry to free sanitary merchandise.

Employees will even have the ability to attend monetary planning workshops and obtain meal planning recommendation in addition to obtain a 20% low cost on M&S purchases.

The corporate mentioned as a part of its first autumn pay assessment, the hourly pay of greater than 40,000 workers will rise by 2% to a minimal of £10.20 an hour from October 1 – up from £10 an hour launched in April.

The deal will give full-time buyer assistants an additional £100 a month in comparison with October final yr when employees earned a minimal of £9.50 an hour. The most recent deal contributed to an annual uplift of seven.4%.

Stuart Machin, chief government of M&S, mentioned: “Whether or not you run a house or run a enterprise, everybody throughout the nation is feeling the strain of rising prices. We wish to do what we are able to to assist alleviate a few of that pressure.”

The fee is the newest effort by the enterprise to assist employees cope with rising inflation on family payments and necessities from journey to meals.

John Lewis should provide free meals to all its employees, together with momentary workers, through the peak Christmas buying and selling interval in addition to a £500 residing prices allowance for full-time employees, professional rata for part-time. .

In July, Aldi mentioned it was placing down hourly wages for the second time in a yr with a 40p improve to a minimal of £10.50 outdoors the M25 and to £11.95 in London, a rise of at the very least 3.5%.

Tesco and sandwich chain Pret a Manger have raised wages twice for employees up to now yr, whereas Asda raised wages to £10.10 an hour in July after unions criticized it for lagging behind rival chains, with the £9.66 charge launched in April. .

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