Home » Business News • UK Business News • UK Employment news » Aldi Increases Staff Wages Again This Year

Aldi Increases Staff Wages Again This Year

By Nithya Bose in Business News, posted March 13, 2024

Aldi has announced a second pay rise for its staff in 2024, setting a new minimum hourly wage of £12.40 for its store workers effective June 1.

It comes as supermarkets look for employees and prepare for a higher minimum wage.

This adjustment will positively impact over 28,000 Aldi's store staff nationwide.

The compulsory National Living Wage would escalate to £11.44 per hour in April, extending its coverage to include those aged 21 and 22 for the first time.

With over 1,000 stores and a workforce of 45,000, Aldi stands as the UK's fourth-largest supermarket entity.

The revised pay structure will elevate the minimum hourly compensation for store assistants and deputy store managers outside the London M25 area from £12 to £12.40.

Meanwhile, employees within the M25 region will see their wages rise from £13.55 to £13.65 per hour.

These increases place Aldi's pay rates above the Real Living Wage, a non-mandatory benchmark proposed by the Living Wage Foundation charity, to reflect the actual cost of living.

Supermarkets are all increasing staff pay

The current Real Living Wage stands at £13.15 per hour in London and £12 in other parts of the UK.

This period has seen a wave of pay hike announcements from leading supermarket chains, including Tesco, Sainsbury's, Asda, and M&S, as they vie for talent.

Need Career Advice? Get employment skills advice at all levels of your career

The Bank of England is closely monitoring these salary trends to gauge their potential influence on inflationary trends within the economy.

It could impact decisions regarding interest rate adjustments.

Aldi's recent pay raise represents a part of a £79 million investment in employee compensation this year alone.

Additionally, the supermarket chain is driving to bolster its presence in the UK market, with plans to introduce 5,500 new jobs throughout the year.

Follow us on X, LinkedIn, and Facebook