Tuesday, April 14, 2020
Best Place to Work 2018 This Company Has Best Benefits, Pay
Best Place to Work 2018 This Company Has Best Benefits, Pay Costco is not just known for its discounted, bulk items. Employees at the warehouse retailer are the most satisfied with their compensation and benefits than those at any other company, according to a new Indeed report that analyzed its database of 18 million employer reviews. Costco beat other popular workplaces like Apple and Starbucks thanks to its top-rated employee reviews on the jobs website â" and broke the stereotype that attributes start-ups and tech companies with the top marks in pay and benefits. In fact, the retailer is known for paying its employees a living wage. In 2016, the company raised its minimum wage for employees to $13.50. Thatâs higher than the federal minimum wage of $7.25 and the $11.50 minimum wage in Washington, where the company is based. And employees â" including hourly, part-time and full-time Costco workers â" also enjoy a slew of benefits, including health care, dental care, 401k programs, life insurance, stock options and more. âCostco believes that employees are the most important assets in the company,â one employee wrote on Indeedâs website. Kaiser Permanente and Verizon came in second and third, respectively, on the list. FedEx, Apple, General Motors and Microsoft also placed among the top 15 companies listed by Indeed. In employee reviews for these companies, a common thread was how the workplace stacks up to others in its industry. At Kaiser Permanente, employees reported that it was âthe highest paying medical facility hands down,â and Verizon employees said it had the best pay and benefits in the industry. Another key factor for employees was how the companyâs culture and leadership valued the time of its employees. One Costco lauded the companyâs model for basing its pay on total hours worked: âShow up, do your job, and your pay goes up on its own,â that employee wrote on Indeedâs website. Of course, employees at tech companies on the list like Apple enjoy other supplementary perks, like an on-site gym, as well as âbeer bashes and BBQ cook offs during work hours.â Indeed analyzed its recent employer reviews between January 2016 and January 2018. Hereâs its full list of the top-rated companies for pay and benefits: Costco Kaiser Permanente Verizon FedEx Express Apple Capital One HEB ALDI Starbucks General Motors Publix Intel Boeing Microsoft ATT
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