A Costco employee recently disclosed earning $29 per hour with biannual bonuses, igniting a spirited debate. This revelation prompts discussions on compensation fairness and its implications in the workforce.
In a widely-shared TikTok video, a Costco employee disclosed earning over $29 per hour along with regular bonuses, igniting discussions about compensation and perks within Costco and similar retail chains.
The viral clip, garnering over 423,600 views, was shared by TikTok user and Costco employee Naomi Samaniego (@naomi_samaniego80), featuring the worker in uniform with a name tag indicating her tenure since 2007.
Captioned “When you make $29+hr and every six months bonus,” the video stirred debate over its accuracy, prompting discussions on the desirability of employment at Costco compared to other retailers.
Users lauded Costco’s benefits, citing health insurance coverage for families, 401k plans, floating holidays, and paid time off. Some shared anecdotes of receiving thoughtful gifts from the company, like flowers and engraved piggy banks.
Costco’s reputation for fair pay and perks was highlighted. In 2021, its minimum wage rose to $17 per hour, exceeding the industry average. This contrasts with the typical cashier salary in 2011, which averaged around $13.11 per hour.
Apart from regular raises and tenure-based bonuses, Costco offers additional incentives like time-and-a-half pay on Sundays and increasing paid time off with tenure.
Notably, Costco extends benefits such as health insurance and 401k contributions to all employees, irrespective of their employment status. Furthermore, employees receive a complimentary executive membership entailing various rewards, discounts, and roadside assistance for vehicles covered by Costco’s auto insurance.
However, some TikTok users criticized Costco’s management practices, alleging limited flexibility in work schedules and poor treatment from managers.
Despite criticisms, several users shared positive experiences, acknowledging Costco as a great employer but noting issues like limited advancement opportunities and stringent attendance policies.