Ikea was facing soaring employee turnover rates coming out of the pandemic.
Executives at the Swedish furniture company set about trying to keep employees happy enough to stay.
AdvertisementIkea tackled sky-high employee turnover rates by increasing wages, offering more flexibility, and simplifying staff workflow — seemingly simple changes that have made a world of difference for the Swedish furniture retailer, according to a recent Bloomberg report.
Every time an Ikea employee left the furniture magnate, the company lost $5,000 or more, according to the outlet.
Amid a worsening wave of workers quitting in recent years, Ikea executives set about trying to keep workers happy and employed.
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Organizations:
Ikea, Bloomberg, Service, Business
Locations:
Swedish