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IKEA Staff In India To Get Rs 1,40,219 Funds Through Loyalty Programme

The Swedish furniture retailer aims to have 14,000 workers by 2025 in India, says Anna-Carin Mansson, country HR manager, IKEA India

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IKEA Group, the world's biggest furniture retailer, will pay its workers another 108 million euros this year into their pension fundings, for their loyalty and contribution.

"We would like to show our co-workers appreciation and gratitude for their loyalty and contribution to the success of IKEA. We do this through Tack! And I am happy to announce that this year’s payout will give our co-workers at IKEA Group in India a Rs 1,40,219 each in their pension fund for this year. In India today we have around 300 co-workers, which will grow to 1500+ co-workers in a year and 14,000 by 2025," said Anna-Carin Mansson, country HR manager, IKEA India.

"We value our co-workers who are our most valuable assets. Happy co-workers can lead to bigger successes especially in India where there is so much talent," Mansson said.

As part of the unique loyalty programme, the Swedish group's workers annually receive an extra pay-out in addition to existing pensions, according to the same fair and simple principle.

Every full-time IKEA Group co-worker in India who has worked for IKEA for five years or more, receives the same amount regardless of their position or salary level. Part-time co-workers will receive a proportional amount in relation to hours worked.

"Tack is the Swedish way to say thank you and every co-worker is important for our success and continued growth. This is why all co-workers in IKEA Group are included in Tack! according to the same fair and simple principles," Mansson said.

Since Financial Year 2014, 413 million euro have been allocated to the TACK! programme.

The global funding is divided between all IKEA Group countries, based on each country’s proportion of the total salary and wages. A pre-requisite for a funding of the programme is that IKEA Group reaches its goal results.

In addition to Tack! all IKEA Group co-workers are also included in the performance driven One IKEA Bonus that can potentially give every co-worker around an extra month’s salary a year.

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