The Swedish furniture company has just become the most attractive beacon in the job market. Ikea knows the stakes of the highly competitive market of talents. So, the company has embraced a new kind of benefits which will help them avoid the job-hopping trend. Ikea will expand the paid parental leave benefits for all new parents that work for them.
January 1st will be the first day of a more sympathetic workplace at the Swedish furniture company. The US workers that account for an impressive number of 14,000 will receive four paid months to be with their newborns. The new policy will apply just for the US headquarters. However, the new benefits package will be available for anybody here, be it salaried or hourly workers. Not only mothers will enjoy this option. Adoptive and even foster parents have the same right for paid parental leave.
Ikea stated that this improvement meets their company brand that promotes a better everyday life for everybody. Also, the fact that most of the workers are covered by the policy reflects the Swedish roots of the company. Sweden has become a world renewed country thanks to its devotion to gender equality and human rights. The parental leave replaced the maternity leave for good since 1974.
The only condition that is attached to the paid parental leave is for employees to have worked within the company for at least one year. Such employees will receive full payment for the first six weeks and half of it for the rest of their leave. Workers who have been in the Ikea family for more than three years can receive eight weeks of full payment followed by another eight with half of revenue. Moreover, the tenure or any other requirement is not taken into account when it comes to the eight weeks people receive for short term disability.
The head of the Ikea’s US headquarters, Lars Petersson, declared that the company believes the change will benefit both parties. The employees will have quality time with their family, while the company will see a boost of productivity and reduce turnover. While this is normal for some countries, the new program is unusual for the US. The industrialized country has no law to guarantee maternal leave, let alone parental.
Ikea hopes to attract professional talents and retain them for as long as possible with their new paid parental leave policy. With such an appealing offer, the goal has high chances to become a reality sooner than they think.
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