IKEA Employee Benefits- IKEA Overview

IKEA Employee Benefits

This is a detailed article on what benefits you will be offered by IKEA as their employee. Here, let’s know about IKEA Employee Benefits.

But before moving further, let me give you an overview of what IKEA is?

IKEA Overview

IKEA is a multinational company that designs and sells ready-to-assemble furniture, kitchen appliances, and home accessories, among other goods and home services. It originated in Sweden and is headquartered in the Netherlands. The company was founded by Ingvar Kamprad in 1943 when he was just 17 years old! Isn’t that just unbelievable? 

IKEA has been considered the world’s largest furniture retailer since 2008. As of now, IKEA has around 378 locations operating in 30 countries. 

IKEA is best known for its modernist designs for all kinds of appliances and furniture. Its interior design work is often equated with an eco-friendly simplicity. Not only that, but the company is also best known for its awareness of cost control, operational details, and continuous product development that has helped IKEA to lower its prices by an average of two to three percent.

IKEA Employee Benefits Policy

At IKEA you will have to go through some terms and conditions before being eligible to enjoy the benefits it offers.

1. At most of the stores, the benefits begin after 15 days.

2. As a co-worker at IKEA, you would be able to enjoy full-time benefits if you work for 20 hours or more per week. Otherwise, for the rest of the work positions, the eligibility is at least 30 hours of service per week.

3. Normally, the waiting period for the benefit is more than one month at IKEA.

IKEA Employee Benefits

IKEA offers a bunch of benefits to their employees that keep them happy and satisfied working there. The company not only understands the employees’ needs but is successful in fulfilling them and thus making their life 10 times better.

Without further ado, let’s just talk about the benefits and the reasons why you should work at IKEA.

1. You will be offered maternity/ parental leave

If you are expecting to be a mother, you will be given paid maternity leave of about 16 weeks. The company understands your priorities and responsibilities towards your family and not just cares about you working for them. They will help you reach your potential during your maternity.

2. You will be offered a co-worker discount

As a co-worker at IKEA, you will be offered a 15% discount on all merchandise. You can use this discount on any merchandise product as long as you work at their company.

3. You will be offered health insurance

Yes, as an IKEA employee you will receive health insurance, dental insurance, life insurance, occupational accident insurance, and also long-term disability insurance. The healthcare coverage package comes with vision, hearing aids, medical, prescription drugs, and behavioral health benefits. You will also get a vision plan that covers all types of eye-related medical assistance. Not only that but also dental coverage for preventive dental care and service for you and your family members.

4. You will be offered pet insurance

IKEA not just cares about you but also your pets! You will not only get health insurance for yourself but also for your beloved pets if you have any. With the insurance, you could have any veterinarian, specialist, or emergency animal doctor that too from anywhere around the world.

5. You will get meals at cheaper rates

As an IKEA co-worker, you can get all those delicious meals like Swedish meatballs for only $3 or $4 at all stores and staff restaurants. Isn’t that cool? Because normally to get a delicious meal, costs significantly in the United States. So, if you are someone who loves trying various dishes, you will love working at IKEA because of this benefit.

6. You will be offered a retirement fund

Of course, IKEA wants to make sure you have a stable financial life even after you retire from the company. After devoting completely to the company for such a long time, IKEA will reward you with Tack! retirement fund program. Tack is nothing but the Swedish way of saying “thank you”. This reward program allows the company to show their gratitude by depositing tangible contributions directly into your retirement Tack fund. Some eligible co-workers are offered an extra contribution along with the pension funds. Also, everyone receives the same amount regardless of their unit, position, or salary. Part-time workers will receive a proportional amount based on their hours. The annual payouts will go directly into employees’ retirement plan accounts. Full-time and part-time workers must be employed by IKEA for five consecutive years to receive a contribution.

7. You will be offered the “One IKEA – Bonus program”

As a co-worker of the company, you would be rewarded with “The One IKEA Bonus” program with the motive of working together as one IKEA. The bonus program will be based on your performance plus togetherness, with everyone in the same unit working towards the same objectives. This will not only help you earn the bonus you deserve but also get closer to your colleagues. Because that’s the only motive of the company through this program. They believe in the togetherness of their employees for the company’s overall success.

8. You will get paid time off

As a co-worker of the company, you can enjoy 3 weeks off after at least 3 months of employment. Once you are consistent with the company for 5 years, you will be eligible for 4 weeks off and after 10 years of service, a total of 5 weeks! This will depend on the number of hours you work. Remember, this time off is beside sick leave. They will offer you a family leave as well when you are required to care for some of your seriously ill family members and that too would be paid of course. 

9. At IKEA, you will have friendly coworkers

IKEA has a large group of people working together as a community. You will find different kinds of employees working at IKEA. They range from people that are 18 years old to 70 years old and everyone is like a family. The company always looks forward to bringing its employees as a union. Working there, you might end up making some lifelong connections with your coworkers, you never know. There are a lot of events arranged by the company that allow their employees to come closer and build that strong connection by getting to know each other better. 

10. At IKEA, you will get to interact with sweet customers

IKEA is kind of a family-oriented place. It has visitors all the time and you will never get bored dealing with them. The reason being, you will get to interact with all kinds of people. Where the majority of them are sweet and polite. Some customers are friendly and try to build an interesting conversation with you which will make your day ten times better. Yes, you will get people who are hard to deal with but you will find them at every other retailer. 

11. It’s a well known fast-food chain

IKEA comes under the best furniture retailer in the whole world. You will get a job at any retail store easily if your resume says you have worked at IKEA. So, working there will help you raise the bar of your work experience.

Conclusion

This article would sum up by saying IKEA is one of the best places to work at keeping in mind the benefits you would get as an employee. It is a well-known brand and comes under the top furniture companies in the world. So, your expectations from the company as an employee there have to be high. And IKEA does it all for you. One of the examples would be that once you get retired from the job, they will provide you with the retirement plans to achieve financial stability even when you are not working.

So, each benefit of working at IKEA is mentioned in the article above. Just take a look and make a decision whether or not to apply for the job there!

Frequently Asked Questions

1. How long do you have to work at IKEA before going on maternity leave?

You have to work at least for one year before you are eligible for maternity leave.

2. How long after a full-time new hire is hired on, till they start getting medical insurance?

Once you are hired full-time, it will take 90 days until you can access medical insurance.

3. How long can you take unpaid leave?

You are allowed to take no more than five days of unpaid leave per year. This does not include sick leave.

4. Do you get medical benefits as a part-time worker?

No, as a part-time employee, you are not eligible to access medical benefits.

5. If you don’t use the paid time off, will you lose it?

No, you won’t lose the paid time off, in case you are not able to use it. Your PTO will directly transfer to next year.

IKEA Employee Benefits- IKEA Overview

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