Lidl Announces Seventh Pay Increase in 2023

Discount supermarket chain Lidl has announced a significant pay increase as part of its ongoing commitment to employee welfare. This marks the company’s seventh pay rise in 2023, with an investment of £29 million aimed at enhancing worker compensation.

Lidl’s New Pay Structures

From March 1, entry-level workers will see their hourly wage rise to £13.45 nationwide. After gaining experience, this pay can rise to £14.45. In London, starting pay will increase from £14.35 to £14.80, eventually reaching £15.30 with service length.

Impact of National Minimum Wage Increase

Lidl’s adjustments come ahead of an anticipated rise in the national minimum wage. Effective April 1, the minimum wage for eligible workers aged 21 and over will increase by 50p, moving from £12.21 to £12.71 per hour.

Enhanced Paternity Leave Policies

In addition to pay raises, Lidl is also doubling its paid paternity leave. The policy will increase from two weeks to four weeks of full pay, with eight weeks available to employees who have been with the company for five years.

Commitment to Employees

Stephanie Rogers, Lidl’s chief people officer, emphasized the company’s belief that its employees are integral to its success. “A longer period of paid paternity leave is a vital step toward gender equality in the workplace,” she stated.

Expansion Plans and Job Creation

Lidl has ambitious plans for expansion, intending to open 19 new stores in the upcoming eight weeks. This initiative is expected to create approximately 640 jobs. In the fiscal year ending February 28, Lidl aims to add around 40 more locations to its existing portfolio.

Recent Business Performance

Currently, Lidl ranks as Britain’s sixth-largest grocery chain. Recent sales figures highlighted a substantial 10% increase in turnover during the month leading up to Christmas, exceeding £1.1 billion. The company has continuously demonstrated growth in market share, solidifying its position in the competitive grocery sector.