What are some risk and challenges IKEA is likely to face as a result of basing its minimum pay on the living wage formula, rather than just legal requirements and the market rate?

Fundamentals of Human Resource Management , case study “IKEA Aims to Pay a Living Wage”,

Given that IKEA’s management considers the living wage to be consistent with the company’s mission, what advice would you give the company for implementing it successfully?

What are some risk and challenges IKEA is likely to face as a result of basing its minimum pay on the living wage formula, rather than just legal requirements and the market rate?

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