New loyalty programme for Ikea employees

New loyalty programme for Ikea employees

Tack! is Ikea’s new loyalty programme that should help contribute to employees’ pensions. The chain is still investigating how it can implement the programme in each separate country.

At least 5 years of service

Each Ikea employee will get a yearly amount set aside through Tack! and after at least five years of service, it can be transferred into a contribution for their pension. The money will be paid once the employee reaches the retirement age. All full-time equivalents will get the same amount, regardless of their store, function or salary level. Part-time employees will get a compensation based on the hours they work.

 

“Tack! is the Swedish word for “thank you” and we want to show appreciation and gratitude for our co-workers’ loyalty and contribution. […] All of them, no matter what position they hold, contribute and are important for our continued growth”, said CEO Peter Agnefjäll.

 

On top of bonus system

Ikea’s contribution to this new loyalty system will be decided on a yearly basis. For its launch, Ikea will deposit an initial 100 million euro into the fund. The Swedish company does point out that certain global targets have to be reached for contributions to be made.

 

Tack! follows the recently launched One Ikea Bonus programme, a performance driven bonus system based on the individual salary level. Employees get a yearly bonus if local targets are met. “We believe that these two programs will strengthen the IKEA Group as a great place to work, today and in the future”, Agnefjäll stated.

 

 

 

 

(Translated by Gary Peeters)

Questions or comments? Please feel free to contact the editors


èggo seeks international expansion to celebrate tenth anniversary

11/10/2017

Belgian kitchen manufacturer èggo celebrates its tenth anniversary this year, and the party mood causes the company to look forward to the next few years: it will launch a new store formula and continue its international expansion.

4 % growth for Ikea, which seeks more online sales

10/10/2017

Swedish furniture chain Ikea saw its turnover grow 3.8 % to 34.1 billion euro in its past fiscal year. The Swedes' ambition doesn't end there: a new digital platform and an urban store concept should further raise sales figures. 

Design label Serax has new majority shareholder

07/09/2017

Investment firm Buysse & Partners acquired design platform Serax, known for selling designs by  Belgians like Pascale Naessens and Sergio Herman. Its new owner wants to expand the product range and is also targeting foreign markets.

Higher turnover and lower profit for Beter Bed

30/08/2017

Despite the fact that Dutch Beter Bed Holding saw its turnover grow 6.7 % in the first half of 2017, its net turnover dropped more than 11 % to 7.5 million euro.

Two possible locations left for Ikea in West Flanders

25/07/2017

Swedish furniture chain Ikea has identified two possible locations for a new store in West Flanders: the Ring Shopping Kortrijk Noord and Ter Biest in Wevelgem.

Another turnover growth for Beter Bed

14/07/2017

Beter Bed Holding’s second quarter turnover grew to 94.6 million euro, up 5.3 % compared to last year. Even if the Sängjätten acquisition is excluded, the company still posted nice growth numbers.

Back to top