John Lewis Partnership announces £108 million pay investment

Employee owned retail group, John Lewis Partnership, has announced a £108 million investment in Partner pay as part of a continued commitment to invest in its people.

The latest announcement comes on top of nearly £300 million added to the business’ pay budget over the previous three years. Of the latest investment, nearly 90% is voluntary and driven by the business’ desire to invest in its Partners, representing spend above and beyond the requirements of the National Minimum Wage.

Helen Webb, Chief People Officer for the John Lewis Partnership, said:

“Our Partners are the heartbeat of our business. This £108m investment is about putting more money into their pockets month-in, month-out. This pay growth demonstrates a sustained commitment to Partner pay, consistent with previous years. This ensures that the rewards for our Partners’ hard work are built into their monthly pay as we continue to invest in the future of the Partnership.”

For a typical full-time Partner, John Lewis Partnership’s latest pay investment translates to an additional £1,600 per year.

In addition to baseline pay, Partners get access to a unique range of benefits – including generous discounts at John Lewis and Waitrose. The Partnership also offers up to a 12% pension contribution, discounted rates to its network of hotels across the UK, up to £275 towards subsidising personal development and leisure activities such as theatre and live events, subsidised meals, and a wide ranging health and wellbeing offer including options for self-referral to physiotherapy and counselling.