Ikea is increasing pay and benefits for its employees as part of a £12 million investment to help with the cost-of-living.

The Swedish retail giant announced an increase in hourly pay to £10.90 per hour or £11.95 for those based in London.

Salaried workers will also see a six percent pay increase on average.

READ MORE: IKEA TO EXPAND IN THE NORTH-WEST AS TRANSFORMATION CONTINUES

Ikea is the latest retailer to raise employee pay, following all of the UK’s major supermarket chains, as the cost of living continues to rise.

The flat-pack firm also stated it will expand its current employee benefits package.

It stated that this will include doubling the staff discount to 30 percent on over 2,000 home furnishings that reduce energy, water, and food waste.

IKEA URGES THE GOVERNMENT TO BUILD 90,000 SOCIAL HOMES TO TACKLE THE HOUSING CRISIS

Employees will also get more free food, travel season ticket discounts, and other perks.

Ikea said every eligible employee in the UK and Ireland would also receive a one-month salary bonus ahead of Christmas.

Darren Taylor, country people and culture manager, IKEA UK & Ireland, said: “Our people are at the heart of the success of our business and we have always been committed to paying a fair, sustainable rate of pay based on the cost of living. This year is no different.

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“Recognising the increasing challenges brought by the rising cost of living, we are pleased to share some of the additional measures we are taking to ensure needs are met, and hope that it will ease some of the pressures of the current climate. By building on our existing co-worker benefits and by heightening the focus in this area, we want to ensure that our colleagues feel supported during this challenging period.”

Source: Business Live

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