Working at Costco is cool and profitable
What bonuses does this store offer its employees?
Costco is the most popular chain store in Canada, about which we frequently write. All our readers are aware that you can buy a variety of high quality products: food, household chemicals, vitamins, clothes, etc. Did you know that Costco is on the list of top employers in Canada and offers employees various bonuses?
High wages
The minimum hourly rate at Costco is CAD 17.5. This figure is higher than in some provinces, and it also increases regularly. On average, Costco employees earn CAD 29.76 per hour. This is a decent wage even for Canada. It is considered one of the highest in the industry. Cashiers in this store can earn CAD 70,000 a year, which is higher than the national average wage. By comparison, that's what some bureaucrats earn.
Corporate cards and discounts
Costco employees and their family members are given a free store club membership. It allows them to shop at the store's branches around the world and receive exclusive discounts and offers. An annual club membership costs CAD 120 for store customers.
Access to new products
Store employees say they have access to its newest products before they go on sale. To help customers make a choice, they need to know the characteristics of the new products. To do that, they have to try them for themselves. That's why at Costco new candy, ice cream, pastries, fruit, etc. are tested by employees and their families.
Social package
Costco executives say they provide employees and their families with a full benefits package. It includes health insurance, which provides free dental, ENT, and eye care. The company also reimburses employees for the purchase of medications. It has disability and temporary disability benefits, so employees are confident that the company will take care of them if they get sick.
Costco also has a staff of psychologists with whom employees can talk confidentially about their problems at home or at work. Such help is free, and specialists keep their visitors' secrets.
Career Opportunity
You are mistaken if you think that a cashier or handyman at Costco will stay in their position forever and not develop. Many employees go from unskilled labor to managerial positions during their 6-7 years with the company. For example, a consultant on the sales floor can grow into an administrator or director. Diligent work and initiative are rewarded here.
Scholarships
Costco covers its employees and their children for a portion of their college tuition. They have special scholarships, which can be as much as CAD 2,500 per year. By the way, these scholarships are awarded for academic excellence, not for work. Therefore, new employees who excel in their studies can also count on this payment.
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It's easier for employees to buy Costco stock than other people. For them, they are cheaper and less taxed. What's more, it encourages the company's management. On the one hand, it benefits employees and helps them to save for a comfortable retirement. On the other hand, it helps employees take more interest in the company's fortunes and work for its success, because their future earnings depend on it.
