IKEA Brings Motivation In Employees by Increasing Wage Rate!

IKEA Brings Motivation In Employees by Increasing Wage Rate!
Money is so much important to fulfill financial needs and employees from every organization always looking forward to their employers to get handsome increase in their pay. Salaries do matter for employee or employer, for both. A perception can be created through inspecting pay scale that either this company is doing well or not. Salaries can determine the ranking and financial worth of any organization and above all, when employees get handsome pay, they get motivated and work with more passion. An example can be seen from recent case; The Swedish based furniture business Ikea is going to raise the minimum wage in all of its U.S. stores. This effort can be a first step for other retailers to raise the minimum wage level.

According to Ikea’s chief financial officer and acting Ikea U.S president Rob Olson, this step will lift the average Ikea’s minimum hourly wage to $10.76, a 17 percent increase, and bring raises to approximately half of the company's 13,650 U.S. employees. Employees will be paid with new rate on January 1st. Added more, this increase will cut from company’s profit and will not be charged from customers in form of increase in product prices.

Further reading: How to retain your employees? 

Increase In Wage Rate, A Source of Motivation..

Increase in overall employees’ pay can bring many benefits for all stake holders for example:

  • Increase in living standard of employees
  • Increase in motivation of employees
  • Increase employees’ loyalty with company
  • Increase financial strength among competitors.
  • Increase moral strength among competitors.
  • This step can bring more human resource to company.
Although, motivation does not depend on money only, but this is still a very important factor. Employer can use this hint with others to bring motivation among employees.  

Got any questions? Or maybe, have something to add? Please leave a comment below and tell us what you're thinking. Cheers :)



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Online Marketing Blog: IKEA Brings Motivation In Employees by Increasing Wage Rate!
IKEA Brings Motivation In Employees by Increasing Wage Rate!
IKEA motivates employees by increasing their wage rate per hour.
Online Marketing Blog
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