Tesco Ireland has announced a pay increase for all of its staff members backdating to 2021 with further adjustments scheduled across 2022 and 2023.
The retailer is announcing an overall 10% pay award for retail colleagues that covers 2021, 2022 and 2023, and will apply as follows:
- A 6% pay award effective from 1 April 2022 (2.5% of which will be backdated to April 2021)
- A 4% pay award effective from 1 April 2023
In a statement released today, Tesco Ireland said: "The pay award announced today follows recent investment in benefits including paid maternity, paternity and adoptive leave, and the introduction of a new industry-leading pension plan, representing a total investment in pay and benefits of €40m.”
Since the enhanced benefits were introduced in March 2022, 70 employees are reportedly benefitting from paid maternity, paternity, and adoptive leave, and 1,000 more colleagues are now saving for their retirement who were not previously.
Speaking about the welcome changes, Natasha Adams, CEO of Tesco Ireland said: "I am pleased to be able to make this announcement for our colleagues at a challenging time for families with rising living costs.”
Ms Adams went on to say that the pay rise would give certainty of pay along with additional benefits for staff amid the rising cost of living in Ireland and was well-deserved by all employees for their dedication.
She said: "Solidifying this pay award will help to provide certainty of pay and benefits for our colleagues, secure our business and jobs in the years ahead and continue to make Tesco a great place to work.
"Our colleagues are at the heart of our business, and I thank them for their continued hard work and dedication to serving our customers and communities.”
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