Costco scores top marks in the employer review website Indeed’s analysis of companies with the most satisfied employees.
The company has taken the title by paying a living wage to all its employees including part-time workers, company culture, and leadership’s respect for their workers. It beat out high-profile tech companies such as Apple and Microsoft who famously gives its employees outlandish perks such as barbeque cook-offs at work.
In the Indeed website, an employee declares that it “Costco believes that employees are the most important assets of the company.” It does so by giving $13.50 hourly earnings to the bottom of their workforce which significantly higher than the federal minimum wage of $7.25 to all employees including part-timers.
Workers also enjoy traditional benefits such as health care, dental care, retirement programs, life insurance, and many more. While these are not close to the fun benefits that other companies provide such as an on-site gym, they meet all the needs of a worker to help them keep working for a company that takes care of them.
The meritocratic work culture is also a highly-lauded feature of the company with one employee writing: “Show up, do your job, and your pay goes up on its own.” This all stems from the compensation model that the company has in place where employees are paid based on the hours worked.
It proves to be a popular feature for its employees because most of them feel that this shows how the leadership values their time.
The full list:
- Kaiser Permanente
- FedEx Express
- Capital One
- General Motors