6 Incredible Perks of Being a Costco Employee (2023)

FAQs

What perks do Costco employees get? ›

Costco offers health, dental, and vision insurance, short- and long-term disability, and a 401(k) match. Costco pays 80% of the cost of insurance premiums for part-time employees and 90% for full-time employees.

Costco employees get free membership cards for themselves and their friends and family. “We get four free membership cards (including mine) with 2% cash back annually,” one long-time Costo cashier wrote on Quora. “[These] cards can be given to any family members or any friend of your choice.

What do Costco employees top out at? According to Careerbliss, the vice president of retail sales is the highest-earning employee at Costco, with an average annual salary of $201,000.

On an hour based ladder. Every 1000 hours or so is a raise that increases as you climb the ladder. Very often, usually between every 6 months you receive a $1.00 raise depending on how much hours you put into the company.

Do Costco employees get discounts on gas? No. Costco employees do not receive discounts on Costco purchases. However, they receive many other benefits, such as free membership and memberships for friends and family members, as well as generous healthcare and retirement benefits.

Pros: Benefits are fantastic as is the high starting wage, you'll find that you'll get along with most of your coworkers and managers. Cons: There are a few times as with any company that you will disagree with how management deals with certain situations or with people. Hard work. Very busy, dynamic, stimulating.

Costco offers bonuses for employees after five years. As a Costco employee of five years or more, you can get an average of $4,000 in bonuses every year. Every six months, Costco gives out a bonus of up to $3,500.

According to Costco's website, "we provide twice-yearly Extra Checks (bonuses) for long-tenured hourly employees."

Although Costco employees don't get discounts on items in each store, all employees do get four free memberships, one for themselves and three for people of their choosing.

The easiest job at Costco is front end assistant. Many people agree that this entry-level position is the easiest, as all you have to do is greet customers and help them find what they're looking for.

What kind of raises does Costco give? ›

Does Costco give yearly raises? If you work full-time, after your first year, you are guaranteed to go up $2 per hour per year in pay regardless of 'clerk' or 'assistant' level position in the warehouse.

The easiest job at Costco is front end assistant position. It's an entry-level job that requires you to be friendly, courteous, and helpful. A Costco front-end associate's primary responsibility is to greet customers and help them find what they are looking for.

Staff Pharmacist is the highest-paying job at Costco Wholesale with an average salary of $135,373 and an average hourly rate of $65.08.

Costco's PTO and Vacation policy typically gives 20-30 days off a year with 94% of employees expected to be work free while out of office. Paid Time Off is Costco's 2nd most important benefit besides Healthcare when ranked by employees, with 25% of employees saying it is the most important benefit.

Does Costco have a hiring bonus? Based on feedback from 31 Costco employees about sign on bonuses, 91% said “I didn't receive a signing bonus.”In the case of employees at Costco who did receive a bonus the most common sign on bonus received was $1 - $1,000.

Beyond the company's paid time off and employee vacation policies, Costco guarantees its staff seven paid holidays off, including the big ones of Thanksgiving, Christmas, Memorial Day, and Labor Day. There's also a floating paid holiday for Martin Luther King Jr. Day that can be taken before or after the day itself.

Employees who hit 25 years at Costco can get a sheet cake with the Costco logo on it. "The cake thing is really rare because it's not every day an employee hits 25 years with the company," said the cashier assistant who is about to hit two years with a Costco in California.

You'll get 4% back on eligible gasoline purchases for the first $7,000 per year and then 1% thereafter. You'll also earn 3% on restaurants and eligible travel purchases, including Costco Travel.

Costco's Weaknesses (Internal Strategic Factors)

Limited product mix. Exclusivity to members. Low profit margins.

It is not too hard to land a job at Costco, especially at the entry level. You can land a high-paying job without a high school diploma at Costco. The entire hiring process takes about two weeks and involves two to three interviews, a drug test, and possibly an orientation week.

How much are Costco pay raises? ›

Costco increased its starting wage for hourly employees to $17. The retailer informed employees of the change last week, according to Business Insider. The previous starting wage was $16. The increase is in line with recent pay bumps from Costco, which raised its minimum to $14 in 2018 and $15 in 2019.

All employees become eligible for insurance and other benefits once they have worked 450 eligible paid hours. Employees are also expected to work at least 24 hours per week to remain eligible to receive benefits.

Costco hourly employees receive time and a half every Sunday or time and a half every hour after 40 hours worked. Also if you work two shifts with less than 8 hours in between the employee is paid double time.

For the most part, Costco must pay overtime to non-exempt employees who work more than 40 hours in a week as long as they are not excluded by the FLSA. However, these exemptions become more complicated by some states that have additional laws governing them.

Does Costco hire seniors? – Yes. Departments where Costco hires senior citizens often include the pharmacy, optical, and member services.

To purchase Costco health insurance, you must be a Costco member. From here, you have access to buy Costco health insurance through well-known providers such as Blue Cross Blue Shield or Oscar. By being a Costco member, you will have access to additional discounts or benefits on some of these plans.

Costco hourly employees receive time and a half every Sunday or time and a half every hour after 40 hours worked. Also if you work two shifts with less than 8 hours in between the employee is paid double time.

FAQs About Costco Wholesale Company

Costco Wholesale Company pays its employees an average of $18.00 an hour. Hourly pay at Costco Wholesale Company ranges from an average of $13.41 to $28.89 an hour.

The candidates should answer the Costco supervisor interview questions precisely, maintaining calm, composure, and a confident demeanor. Enthusiasm to work in a team environment should be exhibited in the interview as it is a much-needed quality to work in retail settings.

Not at all you work the needs of the business. In the beginning, people are hired as a part-time employee, meaning their minimum working hours are 24hours a week but can very on hour up from there. Typically, you are hired as a cashier assistant or cart crew. It really just depends on the needs of the company.

Does Costco have flexible schedules? ›

Typically, you start as a closer in the department you are hired for and as you gain seniority, you will get better hours. Managers desire a candidate with a flexible schedule and as you gain seniority, they are more willing to comply with your schedule.

Average Costco Wholesale hourly pay ranges from approximately $10.85 per hour for Farmer to $31.59 per hour for Meat Manager.

But plenty of other people stay with places like Costco for years, or even decades, and their jobs aren't any less real or important. A manager I know started at Costco as a summer job and ended up working there for years and moving up the ranks. The type of job that makes you happy is different for everyone.

Negotiate Salary

If you think you and your skill set should be valued higher than your offer, negotiate your salary! 17% of men and 21% of women at Costco said they negotiated their salaries. On average, Costco employees earn $128,356. Costco ranks in the Top 5% for compensation in Seattle.

One Reddit user and Costco employee says it can be difficult working as a frontend cashier at the store and having to push its programs. Supervisor positions can also be difficult because you're “babysitting” employees and people are often upset with you.

The work environment for a Costco stocker is very physically demanding. Stockers are required to lift heavy boxes and merchandise, and they must be able to stand for long periods of time.

Multiple Yearly Bonuses

Although this is a perk you only get after working for the company for a few years, it's a good one. According to Costco's website, "we provide twice-yearly Extra Checks (bonuses) for long-tenured hourly employees." Take Our Poll: What Do You Plan To Use Your Tax Refund For?

Overall working for Costco is really good. The positive atmosphere and the boost of moral the employees get periodically is quite nice. Opportunities for job growth are satisfactory. The benefits are the best part as they help me pay for many medical issues that I am burdened with.

It is not too hard to land a job at Costco, especially at the entry level. You can land a high-paying job without a high school diploma at Costco. The entire hiring process takes about two weeks and involves two to three interviews, a drug test, and possibly an orientation week.

You must be available 5 days a week.

Although not a student, they are flexible with school schedules. If you need a particular day off, request well ahead of time, they will try to accomodate you.

How many hours is full-time at Costco? ›

How many hours do you work a week at Costco? Part timers will generally work 5-8 hours a day (25 hour/week minimum), and full timers are guaranteed 40hrs a week (8 hour days).

If you work at a Costco store location on the sales floor, you are expected to wear a uniform. Warehouse workers can dress more casually but must adhere to safety protocols. Corporate employees must dress business casual. Costco's store uniforms include a waistcoat-style vest with a name tag.

Typically, you start as a closer in the department you are hired for and as you gain seniority, you will get better hours. Managers desire a candidate with a flexible schedule and as you gain seniority, they are more willing to comply with your schedule.

According to data from Glassdoor, Costco employees rated the company a 4 out of 5, putting it well ahead of competitors like Sam's Club and Target (TGT). Longtime CEO Craig Jelinek earned an approval rating of 85% from its staff, surpassing Amazon's (AMZN) Andy Jassy and Walmart's (WMT) Doug McMillon.