If you are an employee at Costco or thinking about joining this American multinational corporation, below are some great perks or Costco employee benefits you will get.
Costco has a long history of being a fantastic place to work.
It was formed in San Diego, California, in 1983 and is the biggest retailer of choice and rotisserie chicken, prime beef, wine, organic goods, and other foods, with 785 locations worldwide.
With locations in the US, UK, Australia, Canada, China, Taiwan, Mexico, Spain, Japan, France, Iceland, and South Korea, Costco Wholesale Company employs approximately 254,000 people globally.
Let us now discuss the employee benefits at Costco.
List of Costco Employee Benefits
1. Heath and Dental Insurance
The company has many health benefits to offer if you have been at Costco for a minimum of 180 days and work more than 24 hours each week.
You get to pick your own provider, and your out-of-pocket expenses are cheap compared to the competition.
You also get access to great in-house prescription drug coverage because the warehouse has a drugstore.
Co-pays for generic pharmaceuticals are $5, while brand-name medications have a 5-15 percent co-pay.
Additionally, all workers are eligible for a low-cost dental plan that includes teeth cleaning and some basic operations such as tooth treatments.
2. 401(k) Match
Costco will match your 401(k) payments up to $500 per year, up to a maximum of 50%.
As a result, you’d be wise to contribute $1,000 per year (if possible) to optimise this advantage.
If you can contribute $1,000 per year to your 401(k), Costco will add $500 to your account. Irrespective of what you put into your 401(k), Costco will pay a percentage of your earnings (k).
This comes in after a year of employment and starts at 3% and grows on a regular basis.
3. Starting Pay is $15 Per Hour
As per reports in the Wall Street Journal, Costco’s beginning hourly rate is $15.
Compared to other “big companies” businesses, this is better pay as when you go for Sunday shifts, this salary skyrockets.
In case you’re curious, hourly Costco staff “max out” at around $26 – $28 per hour, and it takes 6-8 years to get to that level.
4. Good PTO Policy
Paid Time Off is a major deal, and the Costco perks aren’t bad too. After you’ve worked for a year and accumulated at least 2,000 paid hours, you’ll be able to start accruing paid time off.
PTO is earned depending on years of employment and is calculated as follows:
- 1 week PTO after 1 year of employment
- 2 weeks PTO after 2 and 4 years.
- PTO for 5 to 9 years is three weeks.
- PTO for 10 to 14 years is four weeks.
- 15+ years: 5 weeks of paid time off
- If you work fewer than 2,000 hours, your PTO will be prorated.
It’s also worth noting that you can only roll your PTO over to the next year; it can’t be transferred over from year to year.
Costco encourages you to use your holiday hour, so take advantage of it before it expires.
5. “Time and a Half” If You Work on Sundays
If you work on Sundays regularly, you can make a lot of money because you’ll be paid time and a half.
So, if you regularly make $15 per hour, you’ll be paid $22.50, which is a significant raise.
According to some fast calculations, going to work on Sunday raises your weekly hourly pay to $16.50 per hour.
6. Free Membership
You will get four annual memberships free if you are working at Costco. One will be for you, and the other three can be for your buddies or family members.
So, here were most of the Costco benefits being rewarded to their employees.
Some other advantages include College Student Retention Program, Free Turkey on Thanksgiving, Health Care Reimbursement Account, Care Network.
To use most of your Costco employee benefits, one must log in to the employee website.
Costco Employee Login Steps
Note: To log in or register in for a new account at the employee portal, you should have a login ID and primary employment details, whether you are a distributor or employee.
- Open your internet browser and go to https://www.costco.com/employee-website.html.
- Click on “Current Employee Login” option.
- Next, enter your Username and Password.
- Tap on Sign In.
Now you will be redirected to your Costa Employee account, where you can get access to its various benefits.
How to Register for Costco Employee Account?
If you have not registered for Costco employee account yet, then don’t worry.
The whole sign-up process is easy and takes just a few minutes to be complete. Check steps below –
- Go to Costco Employee website here.
- Now click on New Employees: “Register here” button.
- Follow the 5 steps by providing require details like Employee Information, Name, Personal Information, Validation Options, and Set Password.
After providing all the correct information to the above sections, you will be left with a new Costco employee account.
Costco Customer Service
- Contact Number: 1-425-313-8100, 1800-220-6000
- Address: 999 Lake Drive Issaquah, WA 98027 United States
- Customer Service Phone Number: 1-800-220-6000
- Website: www.costco.com
Frequently Asked Questions
600 hours or 180 days (whatever comes first).
Yes, Costco employees get free membership.
Yes, Costco pays time and a half on Sundays.
You have to be 18 years+ to be hired at Costco.
Final Words
Well, who doesn’t like getting benefits from the company they are working with?
If you are an employee at Costco, then all the above benefits are exclusively made for your convenience.
If you are not working yet and thinking about joining this American multinational corporation, then this article on Costco employee benefits will help you gain more information.