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  |
With around 800 locations globally, Costco is the largest warehouse retailer in the world. Costco has well more than 250,000 employees as of 2021.
If you’re interested in working at Costco you might be wondering about their employee benefits. For example, do Costco employees have access to an employee discount for in-store or online purchases?
Costco is not offering an employee discount for any of its products or services, as of 2022. Costco offers its employees 4 annual free memberships, health and dental insurance, extended shopping hours and 50% matching to their 401(k).
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 receive the same item prices as regular customers.
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.
Costco workers can avoid long checkout waits and large groups by shopping during extended hours.
Costco employees also receive four free annual memberships: one Executive-level membership to the employee, and three basic memberships to any friend or family member.
An Executive Membership costs typically $120 per year, while a Basic Costco membership is $60 annually.
Costco workers past and present claim they get additional free memberships once they have worked for at least a certain number of days.
Costco Executive membership offers several attractive benefits, including a 2% cash back incentive of up to $1,000 annually.
Costco doesn’t offer an employee discount.
The main reason Costco does not offer their employees discounts is due to the fact that the store already offers incredible deals on items sold in bulk.
Additionally, Costco tends to make most of its profits from memberships, rather than the margins on products. Costco would lose money if it offered employees a discount.
Costco is not able to offer employees discounts but they do provide amazing benefits, plus a better-than-average wage. (See more below).
Costco offers what 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.
Employees should increase their costco contribution by $1,000 each year in order to maximise this benefit.
Costco continues to contribute a percentage from your earnings after you are employed for a full year.
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 full freedom to choose their health providers. Costco employees also report significantly lower out of pocket expenses than competitors.
Additionally, every employee at Costco can access an affordable dental plan covering teeth cleanings and basic dental procedures, like cavity fillings.
Finally, Costco rewards their employees for working during the holidays and on weekends, paying employees time and a half who work on Sundays.
Costco also offers a more competitive pay rate and gives employees the opportunity to get free Thanksgiving turkeys for their families.
Are All Costco employees entitled to benefits?
Costco has both full-time and part-time employees who have the ability to access all benefits including health insurance.
Costco has a few locations that offer part-time employment.
Costco employees may only get insurance after working at least 24 heures per week for the past 180 days.
Costco employee earns how much?
Costco believes in paying their employees a competitive wage, which is another reason the company does not offer an employee discount.
With that, current Costco employees reveal they earn anywhere from $15 to $29 , depending on the position and length of employment.
Additionally, Costco loves to promote hourly workers like cashiers or stockers to positions with more responsibility if an employee proves they can do so.
If you have learned all you can about Costco’s employee discount you may also want to read about Costco’s military & veteran membership discounts, senior member discounts, and everything else about Costco’s dress code.
Costco doesn’t offer any employee discount on purchases made in-store and online. However, the warehouse retailer provides several other benefits for both full and part-time employees.
Costco offers, among other things, health insurance with 50% match to your 401(k), coverage for dental care, special shopping hours and even free turkey on Thanksgiving Day for employees.
Costco’s Perks:
Americans offer generous benefits. They include health care coverage for employees who work full- or part-time, as well contributions to employer-sponsored retirement plans. We provide twice-yearly Extra Checks (bonuses) for long-tenured hourly employees.
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. whatever comes first.May 23, 2017
Does Costco Give Raises?
Do you ever get pay raises? Pay rises can be given annually and vary depending on where you work. You will receive an increase of $1.00 every six months, depending on the hours that you work for the company.
Seasonal Costco Employees Can Get Free Membership
6 answers. When they hire them as seasonal employees, they receive the standard membership. You can be promoted to an executive member if they continue to keep you as a seasonal worker. They also allow family and friends to join your account. December 15, 2016.
.Costco Employee Discount In 2022 (All You Need To Know)