IKEA US announced that we will once again raise the minimum hourly wage for US retail co-workers, following our move earlier this year to a new minimum wage structure. The change, which will be effective as of January 1, 2016, will take the average minimum hourly wage in existing stores (as of June 2015) from $10.76 to $11.87 - a 10.3% increase and $4.62 above the current federal minimum wage. The minimum hourly wages are based on local living costs for co-workers, and we use the MIT Living Wage Calculator as input.
We continue to invest in making IKEA a great place to work. Fair wages are one part of our employment offer, which includes a competitive health care plan (for co-workers who work more than 20 hours a week), a 401(k) plan, an additional retirement plan, tuition assistance, a co-worker discount, a paid-time off package, and more.