Costco has consistently been a leader in offering competitive wages, and in July 2024, the company raised its minimum hourly wage to $19.50 for many of its positions. This is just one of the many financial benefits employees enjoy, alongside a robust benefits package that includes a 401(k) and pension plan for eligible workers. Here’s a closer look at the variety of perks that make Costco a standout employer.
Bonuses for Long-Term Employees
One of the key motivators for long-tenured Costco employees is the company’s semi-annual bonus structure. According to the company’s official website, employees who have been with the company for several years receive “Extra Checks” (bonuses) twice a year, which are highly valued in boosting morale.
Free Executive Membership for Employees
Costco offers free Executive Membership cards to employees, which can be shared with friends and family. In addition to offering substantial financial perks, the company also provides 2% cash back annually on purchases made with the Executive Membership. An employee with over 25 years of service even noted on Quora that retirees receive a lifetime membership card, a benefit that adds significant value to long-term employment.
Exclusive Access to New Products and Sales
Working at Costco means employees get the chance to experience new products before they hit the shelves. In many cases, they also get first access to high-demand items that might sell out quickly. A Costco employee in Ohio shared that sometimes the store runs out of popular bulk items simply because staff members purchase them first. Furthermore, employees have the privilege of getting early access to clearance sales, allowing them to snag items before they are available to the general public.
Free Thanksgiving Turkey for Employees
During the holiday season, employees who work at Costco are treated to a free Thanksgiving turkey, a thoughtful gesture to help them celebrate the festivities. Employees have confirmed on Reddit that the company provides these vouchers to all U.S.-based workers, and any leftover turkeys are donated by Costco to those in need.
Exclusive Employee Shopping Hours
One of the biggest challenges of shopping at Costco is navigating long checkout lines, but employees enjoy the advantage of shopping during exclusive hours. This perk allows staff to bypass crowded aisles and checkout lines, often coupled with additional time-saving benefits, making their shopping experience far more efficient. Many employees take advantage of these hours to shop after regular business hours, ensuring they get the best deals with minimal hassle.
In addition to these benefits, Costco’s competitive wages, retirement plans, and health coverage make the company a highly attractive place to work, offering long-term incentives and financial security for its employees.
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