Ikea Will Raise U.S. Minimum Wage to $11.87 to Retain Workforce
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Ikea Group, the world’s largest furniture retailer, will raise the hourly minimum wage it pays workers in the U.S. by 10 percent to $11.87, seeking to keep employees from moving to other merchants that have boosted pay recently.
The increase, which takes effect Jan. 1, follows a 17 percent boost to $10.76 an hour this year. The 2016 raise will affect 32 percent of Ikea’s hourly retail staff, along with some workers in distribution, the company said Wednesday.