Ikea’s CEO has solved the Swedish retailer’s global ‘unhappy worker’ crisis by raising salaries, introducing flexible working and subsidizing childcare
Ikea’s CEO has solved the Swedish retailer’s global ‘unhappy worker’ crisis by raising salaries, introducing flexible working and subsidizing childcare
It sounds obvious on the surface but higher wages don't always equal happier staff or more output.
I don't think the staff making 500k at OpenAI will be measurably happier with another 100k, for example.
But there is definitely a lot to be gained by getting staff as far away from a sense of poverty as possible and ikea might have helped their line workers a lot with this change.
500k in the Bay Area is very different to 100k, especially if you have a family. So I think that would make a massive difference in happiness.
I think 5 times any salary affords you greater security, flexibility and opportunities that have to make a measurable difference in how happy you can be