Retailer offers above-average wages and attractive benefits
- Holland and Barrett to increase hourly staff pay to £12
- London-based employees to receive further increase to £13 an hour
- 25% increase in store-based employees’ pay in the past two years
- Additional benefits include staff discount, wellness tests, and more
- Opportunity for continuing development through apprenticeship schemes
Holland and Barrett has announced plans to increase its hourly pay by 9% to £12, which is almost 5% above the National Living Wage. London-based employees will receive an even higher increase to £13 an hour. This marks a 25% increase in store-based employees’ pay over the past two years. In addition to the pay raise, Holland and Barrett offers a range of benefits including a 25% staff discount, free wellness diagnostics tests, a £50 product alliance, flexible holiday allowance, and an Employee Assistance Programme. Employees also have the opportunity to gain nationally recognized health and wellbeing qualifications and continue their development through apprenticeship schemes. Anthony Houghton, CEO of H&B UK&I, expressed excitement about the pay increase and the company’s plans for the future.
Factuality Level: 8
Factuality Justification: The article provides factual information about Holland and Barrett’s plan to increase hourly pay for its employees, along with details about other benefits available to them. The information is presented in a straightforward manner without any obvious bias or misleading content.
Noise Level: 3
Noise Justification: The article provides relevant information about Holland and Barrett’s decision to increase hourly pay for its employees, along with details about other benefits and the CEO’s statement. The article stays on topic and supports its claims with specific examples and data. However, it lacks a critical analysis of the potential implications of the pay increase or any discussion on the broader context of wage trends in the retail industry.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article does not pertain to financial topics and does not describe any extreme events.
www.retailsector.co.uk