Lidl Announces Further €15 Million Investment In Pay Rises In 2024 Making It The Highest Paying Supermarket On The Island
Retailer has invested €32 million in pay rises since 2023 resulting in pay increase of 13.5% impacting all Lidl employees
Lidl has today announced a further €15 million investment in pay increases for its existing workforce in the Republic of Ireland with a further £3 million being invested in the retailers’ operations in Northern Ireland. All employees will benefit from an increase from March 1st, 2024. Lidl have invested €32 million in pay rises for employees in the Republic of Ireland with employees benefitting from an approximate 13.5% increase since February 2023. This latest investment will result in every Lidl employee benefitting from an approximate 6% pay rise, equal to, on average, €2,000 additional for every employee per annum.
Lidl was the first retailer to commit to paying the new Living Wage rate of €14.80 as recommended by the Living Wage Technical Group in October 2023. Lidl was also the first company in Ireland to adopt the Living Wage recommendation in 2015.
Commenting on the announcement, Maeve McCleane, Chief People Officer at Lidl Ireland & Northern Ireland said: “Navigating the changing face of retail against the backdrop of rising cost-of-living, climate crisis and the impact of global geo-political events has been no easy feat, which is why now more than ever it is vital for us to continue to prioritise our people – an investment we will never compromise on.
We have a strong commitment to our customers to offer them the best value in the market and our people are key for us to deliver on that promise. We are proud to reward the hard work and dedication of our employees by investing €32 million in pay rises over the last 12 months impacting every employee in the business and making Lidl the highest paying supermarket on the island.”
For the fourth year running, Lidl has been recognised by the Top Employers Institute as a Top Employer for 2023. One of only 11 Irish companies and the only retailer to receive the accreditation, the Top Employer accreditation is a globally recognised and highly sought-after certification, held by international brands such as Heineken, Puma and PepsiCo. It showcases an organisation’s dedication to a better world of work, exhibited through excellent HR policies and people practices.