Wage increases on the way for Irish Tesco employees with launch of €40 million pay package
The supermarket has paid €10 million in bonus payments for employees during Covid.
If you were in Tesco today and noticed an extra spring in the step of your cashier while you picked up your meal deal, they probably got some good news.
That's because Tesco Ireland has announced an investment in pay rates and benefits, which will see wages go up for employees nationwide.
The supermarket chain is introducing an overall 10% pay award for employees that covers from 2021 to 2023.
Retail workers received a 6% pay award since the start of April 2022, and will receive another 4% pay award next year.
Along with the pay increases, Tesco have invested in benefits, including paid maternity, paternity and adoptive leave, along with a new pension plan.
The total brings Tesco's investment in pay and benefits to €40 million.
Since Covid began, Tesco Ireland has paid €10 million in pandemic bonus payments for employees.
Employees also receive supports via in-store discounts, life assurance and staff rewards.
“I am pleased to be able to make this announcement for our colleagues at a challenging time for families with rising living costs," said Natasha Adams, CEO of Tesco Ireland.
"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.”
The company said the pandemic had drastically increased the demand for its delivery service, especially for the over-65 age bracket.
Prior to the pandemic, approximately 3% of Tesco online deliveries supported its over-65 customers, but they now account for over 14% of online weekly orders.