The many work perks for Starbucks can entice you to apply. The company treats its partners well. By partners, it means employees.
The company is known to offer retirement plans. It also offers fully covered tuition for eligible partners. But this work perk is only available in some states.
But these aren’t the only benefits offered by this coffee company. Here are some work perks you might want to know.
Work Perks for Starbucks Employees
What’s great about this work perk is that it’s also offered to part-time partners. It offers several health plans. Depending on the plan you choose, the company will share the cost of your health insurance.
The lowest plan will only cost you $40, which is less than other retailers.
But before you can be eligible for a health benefit, you need to be employed here for at least 90 days working for 20 hours a week.
Health insurance is one attractive work perk as it helps protect the employees from financial loss for any costs incurred because of an injury or illness.
Offering it to employees can attract better talents. Businesses that offer health benefits attract more qualified applicants compared to those that don’t offer it.
Furthermore, health insurance can keep operating costs because most employees would take a position with a lower salary as long as they have health benefits.
Then, businesses can use the contribution as a business expense to get a tax advantage.
Read: Health Insurance in the UK
Planning for your retirement is easy when you work at Starbucks. The company can match 100% of your 401K contributions by up to 6% of your salary. But Starbucks’ Board of Directors will decide what rate will be.
Through compound interest, you’re growing your free money. The best thing about 401k is that the government won’t tax it until you withdraw the fund.
Keep in mind that not all companies offer this benefit. But Starbucks does. It’s one of the reasons it’s easy for them to attract new talents.
This type of work perk can draw better recruits to the business. It also improves employee morale and increases retention at the company.
Businesses can also benefit from it because of the tax savings that come with this work perk. Employers can claim tax deductions for the matching contributions.
If you work at least 20 hours per week, you can get 6-weeks of 100% paid maternity leave. This work perk is also applicable to foster parents and adoptions.
On the other hand, if you’re working for the company’s corporate office, this maternity leave is extended to 12 weeks.
Maternity leave isn’t required by law. The US is the only first-world country that doesn’t require paid maternity leave.
In Finland, new mothers are being paid up to three years after giving birth to their children. In the United Kingdom, new moms can get up to 39 weeks of paid maternity leave.
Unfortunately, in the US only 16% of industry workers can access paid maternity leave.
Maternity leave is vital because of the growing workforce. Without new workers, jobs won’t be filled.
This work perk can also help in boosting employee morale and increasing their productivity. Mothers who get maternity leave are likely to go back to their original employers after giving birth. They are also likely to remain working there for the foreseeable future.
Read: How Much Indemnity Insurance Do You Need?
Discounts for Gym Membership
With this work perk, there’s no excuse for you not to go to the gym and get fit. The company partners with various gyms to help them attract new clients.
This is another employee benefit that many Starbucks applicants are looking forward to. It’s a work perk that can attract top-tier talent.
It’s a good benefit that encourages employees to be engaged at work and improve their productivity. They are less likely to take fewer sick days.
A discount gym membership can encourage employees to be healthier every day. And if employees are healthier, they take fewer days away from the workplace.
Since they are more likely to exercise regularly, their sleep will improve, thereby, lowering their stress level.
These work perks for Starbucks aren’t offered to every Starbucks in the world. However, if the nearest Starbucks that you wish to apply for is offering them, consider yourself lucky. That is if you get accepted.
To know more about the working perks statistics, you may read this ultimate list.
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