Nationwide employer John Pye, a Nottingham-based auctioneers, has announced it will increase its entry level minimum wage to £10 per hour on 1 April, in a bid tackle the concerning rise of living costs and go above and beyond the National Minimum Wage.
The National Minimum Wage is set to increase on the 1 April to £9.12 per hour for under 23 years old and £9.50 per hour for those older. British employers are also expected to award pay rises of 3% in 2022, the highest in at least a decade, among an increasingly competitive employment market.
Adam Pye managing director at John Pye said: “Our humble family business continues to prosper, going from strength to strength and currently employing more than 630 people across all the counties of the UK.
“We also recognise that, on a personal level, maintaining our own standard of living has got a little harder of late and on the back of all of this we have recently undergone a comprehensive review of our salary structures to offer significant increases to all employees.
“We have also reviewed all other roles within the operational structure and significant increases have been applied across the board.”
Recognising the need for businesses to remain competitive within the expansive employment market, John Pye aim to attract and retain the best people around with initiatives such as this. The company has additionally ensured supporting roles in operational departments have also had a salary increase of a minimum of 5%.
The latest salary increments will allow John Pye to apply for accreditation to the Living Wage Foundation, joining the likes of Capital One, Ikea, Nationwide and Burberry. This will put them among a number of top tier organisations who voluntarily opt to pay salaries that are well above statutory payrates in all areas, including Central London.
Rhys Davis, Marchington auction porter said: “I’m thrilled about the pay rise news. I have been working at John Pye for the last eight months, after struggling to find a job post-college because of the COVID-19 pandemic. It’s great to feel my hard work pay off and I’m excited to continue my career with the company.”
Steve Anderson operations director at John Pye added: “The next 12 months promise plenty of exciting and new opportunities and we continue to work tirelessly to ensure our staff can benefit from these. Last year we pledged to pay £1m of our profits to our committed workforce following a successful year.
“This year we endeavour to continue our responsibility to our talented employees, as we move from strength to strength.”
