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IKEA U.S. to Increase Beginning Wages to $16, Provide Enhanced Advantages to Co-Staff


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KEA U.S. introduced that it’s elevating beginning wages for U.S. co-workers to $16 per hour, with some hourly wages beginning at $17 or $18 relying on location. The brand new beginning wage is efficient starting January 1, 2022, and can apply to full-time, part-time, non permanent, and seasonal co-workers throughout the U.S., bringing the common hourly wage to $20.

Along with the wage enhance introduced at this time, the corporate has enhanced its complete advantages package deal to now embrace a minimal of 5 weeks of paid time away from work for all co-workers, schooling help, back-up youngster and grownup care, and extra inclusive well being care advantages. Following a robust gross sales efficiency in FY21, a majority of U.S. co-workers will even obtain the “One IKEA Bonus,” a performance-based payout totaling $76 million, along with the one-time Ingka world appreciation reward of $17 million to be distributed amongst all U.S. co-workers, as introduced beforehand. 

“Day by day I’m humbled by our 17,000 co-workers, every of whom makes our success as an organization doable and contributes to our dedication to creating higher houses, higher communities, and a greater planet,” stated Javier Quiñones, CEO & Chief Sustainability Officer, IKEA U.S. “I’m happy with all the pieces now we have completed over the previous 12 months, and we’ll proceed to hunt alternatives to develop our compensation and advantages supply and share our success with our co-workers.”

Along with asserting the elevated beginning wage and enhanced advantages, IKEA U.S. launched its 2021 Annual Abstract, highlighting how the corporate continued its journey to rework the way in which it does enterprise to turn out to be extra accessible and sustainable for the various. IKEA U.S. had one in every of its most profitable years up to now with practically $5.89 billion in complete gross sales of products and providers in FY21, a 25% enhance from the earlier 12 months.

Aligned with a concentrate on an enhanced omnichannel expertise for purchasers, e-commerce represented 21.8% of gross sales and the corporate has a stable plan to proceed to develop its enterprise by bringing new IKEA codecs to cities. Most not too long ago, the corporate introduced plans for 2 IKEA Planning Studios in LA


 

About IKEA

At IKEA, the imaginative and prescient is to create a greater on a regular basis life for the many individuals by providing well-designed, purposeful and inexpensive, high-quality house furnishing, produced with take care of individuals and the setting. Ingka Group (Ingka Holding B.V. and its managed entities) is one in every of 12 completely different teams of corporations that personal and function IKEA retail underneath franchise agreements with Inter IKEA Programs B.V. Ingka Group has three enterprise areas: IKEA Retail, Ingka Investments and Ingka Centres. Ingka Group is a strategic companion within the IKEA franchise system, working 389 IKEA shops in 32 international locations – together with 52 retail areas within the U.S. For extra info, go to IKEA-USA.com.


Furnishings Trade Information and in depth journal articles for the furnishings retail, furnishings producers, and furnishings distributors.


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