Ikea minimum wage hikes, bonuses happening for US workers

January 1 will usher in additional than only a new 12 months. It’s the day that Ikea U.S. will enhance beginning pay for its American co-workers (the Swedish retail large’s time period for staff) to $16 per hour. That would go as excessive as $17 or $18 relying on the placement of the shop. The corporate says it can apply to full-time, part-time, short-term, and seasonal co-workers, which makes the typical hourly wage $20. Ikea has roughly 17,000 workers in the USA.

Ikea U.S. may also provide expanded advantages that embody a minimum of 5 weeks PTO, schooling help, back-up youngster and grownup care, and extra inclusive healthcare advantages.

This comes on the heels of a banner 12 months for Ikea U.S., with a 25% enhance in whole gross sales to almost $5.89 billion over the earlier 12 months. To point out its appreciation for a profitable 2021, the corporate additionally stated {that a} majority of its U.S. co-workers will get a “One IKEA Bonus,” which is a performance-based payout totaling $76 million. That may be on prime of the distribution of $17 million for the one-time Ingka global appreciation gift for all U.S. staff.