Costco Employee Discount In 2022 (All You Need To Know)
Costco’s logo since 1997
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 |
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| Type |
Public |
|---|---|
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Nasdaq : COST NASDAQ-100 Component S&P 100 Component S&P 500 Component |
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| Industry |
Retail |
| Predecessor |
Price Club |
| Founded |
July 12, 1976 ( 1976-07-12 ) (as Price Club) San Diego, California , U.S. September 15, 1983 ( 1983-09-15 ) (as Costco) Seattle, Washington , U.S. |
| Founders |
James Sinegal Jeffrey Brotman Sol Price Robert Price |
| Headquarters |
,
U.S.
|
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Number of locations
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804 [1] (2021) |
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Area served
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Australia Canada China France Iceland Japan Mexico New Zealand South Korea Spain Taiwan United Kingdom United States |
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Key people
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Hamilton E. James (Chairman) W. Craig Jelinek (President and CEO) |
| Brands | Kirkland Signature |
| Services |
Merchandise Cash & Carry Warehouse club Filling stations |
| Revenue |
 US$166.76 billion [2] (2020) |
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US$6.023 billion [2] (2020) |
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US$4.002 billion [2] (2020) |
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Total assets |
US$45.40 billion [2] (2019) |
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Total equity |
US$15.24 billion [2] (2019) |
| Members |
105.5 million [3] (2020) |
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Number of employees
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273,000 [3] (2020) |
| Website |
www .costco .com  |
Costco has around 800 stores worldwide. Costco now has more than 250,000 employees, as per 2021.
If you’re interested in working at Costco you might be wondering about their employee benefits. Costco employees are eligible for a discount on in-store and online orders.
Costco is not offering an employee discount for any of its products or services, as of 2022. Costco employees get 4 complimentary annual memberships. This includes health insurance, dental care, extended hours of shopping, and 50% 401k matching.
Do Costco Employees Receive A Store Discount?
Unfortunately, Costco employees do not receive a percentage off of their purchases made both in-store and online. Costco employees are charged the same prices as regular customers for the items they purchase.
Costco employees have certain benefits that customers don’t have. Costco employees are able to shop even after work, when there is no one else in the store.
These extended shopping hours allow Costco employees to avoid large crowds and long wait times at the checkout lines.
Additionally, Costco employees receive 4 free annual memberships; 1 Executive-level membership for the employee and 3 basic memberships for any friends or family.
An Executive Membership costs typically $120 per year, while a Basic Costco membership is $60 annually.
According to past and current Costco employees, they receive free additional memberships after a certain amount of days employed.
Costco Executive Memberships offer one of the best perks: a $1,000 cash reward up to 2% every year.
Costco Doesn’t Offer Employee Discounts
Costco doesn’t offer discounts to employees because they already have amazing deals on bulk items.
Additionally, Costco tends to make most of its profits from memberships, rather than the margins on products. So, if Costco offered an employee discount, they would end up losing the company money.
Costco is not able to offer employees discounts but they do provide amazing benefits, plus a better-than-average wage. (See more below).
Costco Employee Benefits
Costco employees can access a wide array of benefits simply by working for the company.
For example, Costco offers a 50% match on every employees’ 401(k) contribution, with a maximum contribution of $500 per year.
To maximize the benefit employees can add $1,000 per year to Costco’s total to receive an additional $500.
Costco pays a small percentage of the salary you earn after one year of employment, no matter what your contributions to your 401 (k) plan.
Costco provides a 3% contribution to your paycheck at first, with an increase in the future. Costco offers health insurance as an added perk.
After an employee works at Costco for 180 consecutive days and more than 24 hours a week, they are eligible for health benefits.
Costco employees have the option to select their healthcare provider. Many Costco employees say that out-of pocket costs are much lower than the rest.
Costco employees also have the option to purchase a affordable dental plan which includes basic dental procedures as well as teeth cleanings.
Costco provides employees with a reward for working weekends and holidays. Costco employees are also paid an hour and a half to work Sundays.
Alongside a higher pay rate, Costco gives each employee a free turkey for their families during Thanksgiving.
Do All Costco Employees Have Access To Benefits?
Costco offers both part-time as well as full-time benefits. This includes health insurance.
Costco is among the few retail outlets that allows part-time workers to have access to benefits.
Costco employees cannot get health insurance unless they work for at least 24 hours per week and have been employed for 180 days.
Costco’s Employees Make How Much?
Costco is committed to paying its employees competitive wages. This is why the company doesn’t offer an employee discount.
Costco employees report earning anywhere from $15 to $29. Depending on their role and the length of their employment, they can earn as much as $29 or less.
Costco will also promote employees who are hourly cashiers or stockers, to jobs with greater responsibility when the individual proves that they can.
Now that you know about Costco’s employee discount, you can also read our related posts on whether or not Costco offers military & veteran discounts, senior discounts on memberships, and find out everything you need to know about Costco’s dress code.
Costco currently does not offer discounts to employees on online or in-store purchases. The warehouse retailer offers many other benefits to both part-time and full-time employees.
Costco, for example, offers health insurance and 50% matching to 401(k), dental coverage, shopping hours with an exclusive shop, as well as free Thanksgiving turkey to employees.
Costco: What’s the Best Part About Working Here?
The U.S. offers generous benefits including health coverage that is affordable for both full-time and part-time workers, as well as contributions to retirement plans sponsored by the company. This benefit system is based on years served. Long-tenured, hourly employees are eligible for twice-yearly Bonus Checks (bonuses).
Are you eligible to get benefits at Costco for as long as you work?
9 answers. According to costcobenefits(dot)com it is “First day of the second month following 450 eligible paid hours” however according to costco(dot)com/benefits it is “benefit-eligible on the first of the month after working 600 hours or 180 days, whichever comes first.” 600 hours, or 180 days. Whichever comes first. May 23, 2017,
Does Costco Give Raises?
How often do you get pay raises? You will get a pay increase every year, but the exact amount will depend on what position you are in. Very often, usually between every 6 months you receive a $1.00 raise depending on how much hours you put into the company.
Do Seasonal Costco Employees Get Free Membership?
6 answers. If they’re hired in as seasonal workers, then yes. Dec 15, 2016,
.Costco Employee Discount In 2022 (All You Need To Know)
