Assembling A Better World 1 G-UNIT At A Time
Ikea has decided on it's own, because it's good business to be good to your employees, to raise it's in house minimum wage based on a regions cost of living. Thus in New Jersey it would be significantly higher than in Pittsburgh, but it's expected to average $10.76/hr.
(HuffPo) The famous seller of ready-to-assemble home goods will base the wage floor for each of its stores on the MIT Living Wage Calculator, which estimates what salary a worker would need in order to get by in a particular geographic area.
According to Ikea, the move will boost the average store minimum wage to $10.76, a 17 percent increase, and bring raises to approximately half of the company's 13,650 U.S. employees. The new rates will go into effect on Jan. 1, according to Rob Olson, chief financial officer and acting president of Ikea U.S.
Why is it good business. Here are just a couple reasons:
- RECRUITING TOOL The best employees at the Walmart across the street will be lining up to fill out applications.
- CUSTOMER SERVICE Costco beats the competition into the dust with service because they have the best people. Better people are more efficient so they pay for the extra wage with productivity. Kind of how it was supposed to work before the BIG BOX MATRIX took over.
- GREENWASHING I certainly prefer to shop at living wage establishments like Costco and Trader Joes. A lot of people do. I can tell when I walk into a retail sweatshop and it's a turnoff.
- KHARMA 52 years on this Earth has taught me that Kharma is indeed a bitch. Always a good investment.