UK – Ikea to pay workers at least a living wage in 2016

Ikea has become the first national retailer to announce its commitment to the Living Wage. 

The home furnishing retailer will adopt the Living Wage from April and predicts more than 50% of its 9,000 employees will be impacted by the wage increase.

All UK-based colleagues will receive a minimum of £7.85 per hour and £9.15 per hour within London.

The chancellor announced an increase to the national minimum wage, dubbed the “national living wage”, of £7.20 an hour in the Summer Budget.

This applies to workers aged 25 and over from April 2016. The rate is expected to rise to more than £9 an hour by 2020.

Others that have joined the Living Wage scheme in the last five years include Barclays, ITV, British Gas, Lush and Chelsea FC.

Chosen excerpts by Job Market Monitor. Read the whole story at Ikea to pay UK workers more than living wage in 2016 – Workplace Savings & Benefits.