What are the benefits of working at Starbucks? (How much do Starbucks benefits cost? + More information)

Starbucks takes pride in offering the best deals and benefits to its employees. If you just got hired at the coffee chain, you might wonder, what are the benefits of working at Starbucks?

Starbucks offers its employees a variety of benefits ranging from health coverage, paid time offs, and parental leave to education and commuter benefits and much more. The eligibility for all these benefits depends on how long you have worked at the coffee chain and how many hours you log in weekly. I learned about Starbucks employee benefits a few months ago when my niece got hired full-time by the company. She attracted lucrative benefits like a paid vacation and a good health plan and was signed as a member of Starbucks Caring Unites Partners (CUP) just a few months after being employed.

Therefore, if you have been hired by Starbucks or thinking of submitting your job application and you are wondering what benefits you will attract as an employee, below are some;

Health coverage

Starbucks offers a variety of health insurance plans for their employees, both part-time and full-time employees. The coverage plans cover different medical cases, including; accidents, dental, disability, dental, and life insurance.

These plans range from bronze, bronze plus, silver, and gold, to platinum and are paid for biweekly. If you were to opt-in to one of Starbucks’ health plans depending on your paycheck, the cost of the health benefits would be shared with Starbucks on behalf of you and your family.

Furthermore, the health plans of Starbucks are significantly affordable compared to what is offered by other retailers. For example, employees pay $40 for the silver plan from every paycheck received. However, for you to enjoy these health coverage plans, if you are a part-time employee, you are required to work for at least 20 hours per week to meet the eligibility requirements. You must have also worked for at least 90 days to access these benefits.

Stock and savings

Starbucks has created a 401 (K) saving and retirement plan for its employees that allows any employee who has for at least three months to save money in the plan. Starbucks will bump your first contribution from 4% to ^% hence making this plan a great deal for its workers.

This plan allows you to save up to $17,000 every year, and even more if you are aged 50 and above. Starbucks also offers its employees a chance to participate in its equity reward program. Additionally, they are eligible to buy company stock at discounted prices.

Paid Time Off

After consistently working for 12 months at a retail Starbucks store, you are entitled to a paid vacation. Paid employees are eligible for a one-day paid vacation on the 1st of July and 1st of January, a benefit that must be utilized within six months once you earn it or will expire.

Additionally, part-time employees are not exempted from this benefit as they are entitled to a paid vacation at a one hour per 30 hours worked rate. These vacation benefits vary by employee position, employment length, and the Starbucks location you are working at.

Parental Leave

How much do Starbucks benefits cost?

New parents working at Starbucks may get paid parental leave and time off if they meet eligibility requirements. Additionally, for every intrauterine insemination, surrogacy, or adoption, eligible parents are provided with a Family Expansion Reimbursement of up to $10,000.

Consequently, all mothers who log in for at least 20 hours each week are entitled to receive a fully paid maternity leave for six weeks. Foster parents or parents who have just made an adoption are also entitled to this 6-week leave if they are eligible.

Education

Starbucks has a running college achievement plan that offers its eligible employees a chance to earn a bachelor’s degree at Arizona State University. The length of the program is four years, with Starbucks covering the full tuition fees. If there are costs not covered by their financial kitty, the coffee chain will compensate you directly in your paycheck.

However, this program does not cover fees for any special course or book costs. Additionally, you must work at a Standalone Starbucks location to be eligible for this benefit.

Commuter benefit

Starbucks caters to their employees’ commuter expenses through the “pretax payroll deduction” plan. If you are eligible for this plan, your taxable income will reduce; hence you will owe less tax which compensates the costs you incurred while communizing daily.

Partner Assistance

Starbucks launched a CUP (Caring Unites Partners) which helps their employees when facing a financial crisis that might have been caused by natural disasters, a family member’s death, illness, or any other extreme and non-avoidable circumstances.

Final thoughts

In conclusion, Starbucks offers its employees great benefits and deals compared to other retailers. However, some factors determine which benefit package you enjoy. This includes, whether you are a full-time employer or part-time, the level of your employment, and your employment length, among others. However, Starbucks’ benefits deals are inclusive, as part-time employers can also enjoy them.

FAQ Section

Do Starbucks employees get discounts?

Yes, Starbucks employees are entitled to a 30% discount on food, beverages, and merchandise. Furthermore, they are eligible for a free box of tea and coffee pounds each week.

Do Starbucks employees get paid weekly?

No, Starbucks employees are paid biweekly, meaning after every two weeks.

Do you get free drinks if you work at Starbucks?

Yes, Starbucks employees are entitled to multiple drinks and one food item per shift at absolutely no cost.

How many hours do you have to work at Starbucks to get benefits?

Part-time employees are entitled to benefits after working and being paid for 240 hours over a three month period consecutively. On the other hand, full time employees are eligible for employee benefits after two months from when they were employed.

How much do Starbucks benefits cost?

Starbucks benefits cost differently depending on which benefits and employee level. For example, new parents at Starbucks a Family Expansion Reimbursement plan of up to $10,000.

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