In this article, we share detailed information on Starbucks Employee Benefits. It is very rare that anyone does not know about Starbucks when he or she is willing to have a cup of coffee. This brand is one of the most talked-about coffee destinations worldwide.
But do you know that along with satisfying the customers, Starbucks also focuses on the well-being of its employees? However, the level of satisfaction will depend upon the expectation of the people working here.
But industry trends show that Starbucks gives away the best pay package to date and continues to be the favorite of hundreds of people interested in this industry. Starbucks employee benefits are the most impressive features of joining this organization.
The most appreciable benefit Starbucks provides to its employees is flexibility in schedules. Of course, a person’s primary target for joining any organization is getting a favorable package.
But if the scheduling is flexible, he or she will be more than happy. Such a facility will encourage the staff to work with more efficiency.
What is the Starbucks Employee Benefits?
Starbucks refers to the incredible facilities the brand provides to all its employees. Along with the monetary benefits, you should also consider the attractive perks.
For several years, Starbucks has been leading in being the star organization for its employees. The benefits are superb and ensure everyone working here is happy and contended about the job.
In this connection, it is essential to mention some of Starbucks’s most popular benefits.
Several health plans are there for the employees in the store of Starbucks. If the staff opts for any of them, the organization promises to take care of them and their families.
So, it is highly fascinating to learn about these health benefits. Moreover, the company offers these benefits to both full-time and part-time associates.
This is a fabulous option where employees only pay $40 for every paycheck to enjoy a secure life ahead.
Compared to many of the competitive players in the industry, this brand thus allows employees to pay very reasonable amounts for coming under the purview of the health benefit plans.
Eligibility for Health Benefits:
To be a part of any of the Starbucks Employee Benefits programs for health, you must be logged in for a minimum of 20 hours weekly.
No employee working below these hours will be eligible for the said plans. Furthermore, the minimum criteria to be considered under the program is 90 days of employment continuously.
Any gap in the middle will not be considered for availing of this benefit. Thus continuity is fundamental in such matters.
The company also runs a special reimbursement account named Health Care and Dependent Care to ensure that employees do not get into severe distress during medical emergencies.
The insurance benefit is a part of the Health Coverage program of Starbucks. It includes special coverage for disability and accident insurance, life insurance, dental and vision coverage, etc.
The paid vacations are obviously one of the best parts of Starbucks employee benefits. Generally, retail and non-retail partners get these holidays to enjoy their life amidst the busyness of work.
A total of seven paid holidays are there. The company has an appropriate policy for giving paid holidays.
If a partner works on any of the holidays, they will get a full salary for the number of hours worked.
Moreover, the company will also pay a bonus of 1.5 times over and above the regular paycheck.
The paid-off benefits are applicable in case any of the family members of the employees go through a health crisis.
But this vocational leave with pay is applicable only for employees completing at least one year of continuous service.
For every 30 hours, the paid vacation rate for the part-time employees is a bonus of 1 hour more.
Additionally, the holiday benefits also include one personal day holiday on the first day of January and July every year.
Every employee of Starbucks receives a discount of 30% for every drink and retail merchandise taken from the shop.
But a more attractive benefit for employees comes in the form of a free pack of Red Brew, a box of 12K cups, or a Tazo tea pack.
Along with an impressive salary package, the staff will also benefit from a favorable retirement plan.
The employees receive the company stocks at discounts by following the provisions of the 401(k) plan.
Moreover, the special program of My Starbucks Savings is an added advantage for employees in emergencies.
Only eligible employees receive the cash incentives under this scheme from the company, and this marks the most remarkable milestone for Starbucks.
Benefit for Children
Starbucks offers top-class benefits for the children of the employees also.
Just before the end of the semester, you can expect reimbursement of your child’s tuition fees under the Starbucks College Achievement Plan.
The free tuition facilities are applicable for the 4-year course at Arizona State University.
However, the costs of the books will not come under this purview.
This unique benefit applies only to the employees at any standalone Starbucks.
No licensed Starbucks employee will get the advantage of this plan.
Apart from this, the parents get the benefit of backup care days.
Every year, there are ten subsidized days for which the parents need to pay only $5 per day.
On the other hand, for a maximum of 10, Starbucks pays the remaining amount.
In the case of home-child care, the company arranges for around $1 every hour.
The parents take responsibility for spending the rest amount.
Is Part-time Employee get any benefits from Starbucks?
The pay packages and bonuses are available for the part-time employees working at Starbucks.
Moreover, the total rewards package includes retirement benefits, holiday pay-offs, and many other perks.
Furthermore, the part-time associates also receive beneficial health benefits covering medical, vision, and dental needs.
So, it is clear that Starbucks employee benefits equally apply to all employees, whether part-time or full-time.
However, some prerequisites, like duration of employment within the organization, etc., are relevant for determining the eligibility for availing of the claims.