Economy

Lidl increases pay to match Aldi in battle for staff

<?xml encoding=”utf-8″ ?????????>

Lidl has raised its basic wages to match those of its competitor Aldi in a bid to attract and retain staff.

The supermarket’s new hourly rates of £12.40 for workers outside greater London and £13.65 for those within the M25 motorway now align with Aldi’s pay scale.

This move positions both German discount chains ahead of the major supermarket groups in terms of pay. Lidl’s chief executive, Ryan McDonnell, emphasized the company’s commitment to offering industry-leading pay, especially as it expands with plans for new stores across the UK.

The increase in wages comes amid a broader context of rising minimum wage standards set by the government. The National Living Wage, which rose to £11.44 in April and now covers workers over the age of 21, serves as a benchmark for companies’ wage policies.

While the main supermarkets typically pay above the minimum wage, with rates exceeding £13 an hour in greater London and at least £12 outside the capital, Lidl and Aldi’s move highlights their competitiveness in the retail sector. For example, Tesco offers hourly rates ranging from £12.02 to £13.13 depending on location.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

GroovyTrades.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 GroovyTrades. All Rights Reserved.

To Top