Costco tops Indeed’s pay, benefits ranking

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Costco tops Indeed’s pay, benefits ranking

By Marianne Wilson - 03/05/2018
Retailers took four out of the top 10 spots in a ranking of the best companies to work for — as ranked by employees — with regards to compensation and benefits.

Costco Wholesale Club claims the top spot in the ranking by Indeed, a job review site. The warehouse club chain took the No. 1 spot by paying well above the typical salary that other retail companies pay, even for entry-level workers, according to Indeed.

“They have a graduated wage program that’s based purely on total hours worked. Show up, do your job and your pay goes up on its own,” said one Costco employee.

Employee also praised Costco for its family-based philosophy, great treatment of its employees and concern for their well-being.

Indeed cited the remarks of one employee to explain the retailer’s top ranking: “Costco believes that employees are the most important assets in the company.”

In coming up with the list, Indeed, which has over 18 million company reviews in its database, including companies with at least 600 reviews between January 2016 through January 2018. In addition to compensation, Indeed considered factors such as hourly pay, health care, dental care, parental leave and company matching for retirement plans.

“These companies are the most highly rated on compensation and benefits by users who were either employed by the company at the time of review or was employed there within the past three years,” Indeed stated.

The other retailers that made the top ten were grocers, HEB (No. 7) and Aldi (No. 8). Starbucks ranked No. 9. Another supermarket retailer, Publix, came in at No. 11.

Here are the top 15 companies on the Indeed list:

  1. Costco Wholesale Club

  2. Kaiser Permanente

  3. Verizon

  4. FedEx Express

  5. Apple

  6. Capital One

  7. Aldi

  8. HEB

  9. Starbucks

  10. General Motors

  11. Publix

  12. Intel

  13. Boeing

  14. Microsoft

  15. AT&T