Swedish home furnishing retailer IKEA on Wednesday said it will have 15,000 co-workers in India by 2025, of which half would be women.
According to the furniture major of the company, IKEA Group also announced an increase of INR 1.50 lakh in pension funding for its Indian co-workers as part of TACK programme.
“Our co-workers should know how much we value their experience and commitment,” said Anna Carin Mansson, India Country HR Manager, IKEA in the statement to PTI.
IKEA currently has close to 400 co-workers in India and plans to have 15,000 co-workers by 2025, of which 50% will be women.
The company is hiring 500-700 co-workers for each of its four stores that will open in Hyderabad, Mumbai, Bengaluru and Delhi/NCR cities
Co-workers, who work for at least five years, qualifies for Tack, which means ‘thank you’ in Swedish
Tack is a group’s ‘Loyalty Programme’ to show appreciation for co-workers who continue working for the success of the business.Under Tack, all co-worker gets the same amount regardless of position or salary, and part-time co-workers are rewarded in proportion to their 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.