Ikea staff will be given a £1,200 bonus this Christmas

-

Image credit: Håkan Dahlström
Image credit: Håkan Dahlström

Every member of Ikea staff will be given a £1,200 bonus this Christmas if they have worked there for five years or longer.

The Swedish furniture company revealed it will be putting this loyalty bonus into the pension pots of staff who have worked there for a decent amount of time.

Nationally, workers will receive a share of a €108m pot as part of the company loyalty scheme.

The scheme is called ‘Thanks!’ and aims to show gratitude to its employees. The money will be added to worker’s pensions.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

Part-time staff will be covered as well, and will be given bonuses which match the amount of hours they have worked.

 Ikea’s HR manager Karin Bergman told The Local:

“We want to be an amazing place to work, where people are happy, thrive and want to stay.

“We know that our colleagues primarily want to work for us because we are a values-based company with a focus on development.”

Ikea was also the first national retailer to pay staff the living wage and the company also pays its London employees the London Living Wage.

However, the bonus still falls short of the John Lewis Partnership scheme, which handed its employees an average payment of £1,585 each from a pot of £145 million.

 

Rebecca joined the HRreview editorial team in January 2016. After graduating from the University of Sheffield Hallam in 2013 with a BA in English Literature, Rebecca has spent five years working in print and online journalism in Manchester and London. In the past she has been part of the editorial teams at Sleeper and Dezeen and has founded her own arts collective.

Latest news

Personalising the Benefits Experience: Why Employees Need More Than Just Information

This article explores how organisations can move beyond passive, one-size-fits-all communication to deliver relevant, timely, and simplified benefits experiences that reflect employee needs and life stages.

Grant Wyatt: When the love dies – when staying is riskier than quitting

When people fall out of love with their employer, or feel their employer has fallen out of love with them, what follows is rarely a clean exit.

£30bn pension savings window opens for employers ahead of 2029 reforms

UK employers could unlock billions in National Insurance savings by expanding pension salary sacrifice schemes before new limits take effect in 2029.

Expat jobs ‘fail early as costs hit $79,000 per worker’

International assignments are ending early due to family strain, isolation and poor preparation, as rising costs increase pressure on employers.
- Advertisement -

The Great Employer Divide: What the evidence shows about employers that back parents and carers — and those that don’t

Understand the growing divide between organisations that effectively support working parents and carers — and those that don’t. This session shows how to turn employee experience data into a clear business case, linking care-related pressures to performance, retention and workforce stability.

Scott Mills exit puts spotlight on risk of ‘news vacuum’ in high-profile dismissals

Sudden departure of a long-serving BBC presenter raises questions about how employers manage high-profile dismissals and limit speculation.

Must read

Seb O’Connell: Hotting up: How to design talent strategy for a buoyant jobs market

It’s good news for the UK, with employment at its highest level since 1971. Whilst this is clearly a positive result for the nation, recruitment professionals need to be on top of their game if it means they are to snap up top talent in an increasingly competitive market.

Norman Buckley: What lies beneath – the dynamics of relationships in the workplace

How can a businesses make disparate personalities work for them? Norman Buckley shares his experience.
- Advertisement -

You might also likeRELATED
Recommended to you