Costco: Workers At This Giant Retail Company Are Really Happy With Their Pay
In an analysis of employee feedback shared on Glassdoor over the past year, just one retailer comes in the top 25 for top marks on pay and benefits: Costco.
In fact, the company is ranked at number two on the list, although has the same rating — 4.4 — as the top rated company, Google. It also beats out some big tech companies, which are often thought of as paying well and giving workers good perks, like Facebook, Adobe, and Microsoft.
Costco has become known for paying its workers more than is typical in the retail sector, where median pay is $10.29 an hour. Its starting pay is $11.50 an hour and even the lowest paid positions report on Glassdoor that they make $11.80 on average. Across all positions, its average pay is nearly $22. It also offers benefits, with 88 percent of employees enrolled in company-sponsored health insurance.
On top of that, it offers significant room for advancement: 70 percent of its warehouse managers, who can expect to make about $22 an hour on average, started in the company’s lower ranked positions. This engenders high levels of worker loyalty, as its turnover rate is just 5 percent for those who have been there for more than a year.
http://thinkprogress.org/economy/2014/05/25/3441468/costco-employee-pay/
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