Costco Job Benefits

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Benefits of a Career with Costco Wholesale I love shopping at Costco. The staff is friendly, helpful, knowledgeable, and they just seem to love their jobs. After reading about all of the benefits of being a Costco employee, it explains why they seem to love their jobs. When an employee loves their job and they are treated as family, they tend to be more loyal and motivated. The first location, under the name of Price Club, opened in San Diego in 1976. In 1983, the first Costco was opened in Seattle, Washington. When Costco and Price Club merged in 1993, PriceCostco had 206 locations generating sixteen billion in annual sales. Since resuming the Costco name in 1997, the company has grown internationally with total sales in recent years…show more content…
With regular raises, a full-time hourly worker can expect to make forty thousand dollars annually within 3.5 years. A Payroll Clerk can expect to earn an average of $44,447…show more content…
Costco has one of the most competitive benefits packages in the industry. Employees may also elect coverage for their families. The company pays a larger percentage of the premiums than most other retail companies. Employee-paid premiums are withheld pre-tax. They offer two different health and dental insurance plans, as well as a pharmacy program and a vision program. Other benefits include a 401(K) plan that matches employee contributions fifty cents on the dollar for the first one thousand dollars each year to a maximum company match of five hundred dollars a year. They also offer dependent care assistance, which makes it easier for parents with young children to be gainfully employed and support their families. Employees are offered long-term disability coverage which pays up to sixty percent of the employees’ earnings if they are out more than 180 days. Life insurance policies are provided at no cost to the employee. An employee stock purchase plan is offered and allows employees to purchase Costco stock by payroll deduction, avoiding commissions and fees normally associated with the purchase of stock. Long-term care insurance is available for employees with ten or more years of service. This is designed to pay for nursing home care for their family, including spouses, parents, grandparents and siblings or children over the age of eighteen. Employees can elect to have pre-tax

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