IKEA Group Launches "Tack!", A New Employee Loyalty Program

BURLINGTON, ON, Dec. 19, 2013 /CNW/ - IKEA announced today that the award winning employer is adding another benefit to the company's already long list of employment benefits. Beginning in 2014, every employee worldwide will receive an equal contribution to their pension plan, based on the company's financial goals being met. The program named Tack!, Swedish for thank you, is IKEA's way of showing appreciation and acknowledging the many people who are instrumental in the success of the business.  The program was inspired by Ingvar Kamprad's wish to share the success of the IKEA Group with all employees.

"In a time when so many other businesses are struggling, it is wonderful to be able to reward our valued employees and contribute to their future." says Kerri Molinaro, President of IKEA Canada. "Our ambition is to be an employer of choice and our commitment is to be a leader in wages, benefits and life-long security for our employees"

With the launch of Tack!, IKEA Group employees will, after a qualification period of five consecutive financial years of employment, receive a contribution to their pension plans. The basic principle is that pension pay-out begins at regular retirement age. The principles are fair and simple. Full-time employees in a country will receive the same amount regardless of unit, position or salary level. Part-time employees will receive a proportional amount in relation to hours worked.

Tack! - The IKEA Group Loyalty Program is launched only a few months after the One IKEA Bonus Program, a performance driven bonus system, which is connected to the individual salary level, and will be paid annually, if the set goals are reached. "We believe that these two programs will strengthen IKEA as a great place to work, today and in the future", Kerri Molinaro says.

Earlier this year, IKEA Canada was also recognized as one of Canada's Top Employers for Young People for the third year in a row, as well as one of Canada's Greenest Employers for the fifth consecutive year - solidifying its position as an employer of choice in Canada.

About IKEA Canada
IKEA is a leading home furnishings retailer with 342 stores in 42 countries worldwide, which are visited by 776 million people every year. IKEA Canada has 12 stores which are visited by over 25 million people every year. Last year the IKEA.com websites attracted 1.1 billion visitors. Founded in 1943, IKEA's business philosophy is to offer a wide range of products of good design and function at prices so low, the majority of people can afford them. For more information on IKEA, please visit: www.IKEA.ca.

SOURCE: IKEA Canada