Starbucks Compensation Analysis
Compensation
Starbucks has several classifications for in-store workers including baristas, shift supervisors, assistant store managers and store managers. Starbucks’ baristas’ compensation does not vary much. According to a survey of 580 Starbucks baristas, the wages range from $6 per hour to $13 per hour, with the average wage at $8.68 per hour. In a similar survey of 286 employees, shift supervisors earn an average of $10.77 an hour, with a range of $8 to $14 per hour. Similarly, Assistant Store Managers earn anywhere from $25,000 to $40,000 per year, with an average of $32,829 based on a survey of 85. A review of 184 Starbucks Store Managers shows the range of salaries was from $34,000 to $58,000. The average Store Manager salary was $43,143. …show more content…
Disability insurance encapsulates short term, meaning twenty-six weeks or less, and long-term disability. Benefits eligible partners are able to purchase accidental death and dismemberment insurance, an entirely optional program. The counselling service Starbucks provides is called the “Employee Assistance Program,” which covers “stress-related issues, emotional difficulties, critical incidents in the workplace and other concerns.” Starbucks offers the “Caring Unites Partners Fund,” which financially assists partners who fall upon difficult times such as illness, natural disaster or death in the family. Finally, Starbucks subsidizes partners who have chosen to adopt children by up to $4,000 (“Your Special …show more content…
To be eligible for the 401(k) savings plan, partners must be at least eighteen years old and have worked at Starbucks for ninety days. Starbucks matching contributions come in two forms, basic match and enhanced Starbucks match. Every November, Starbucks decides whether the basic match or the enhanced match will be in effect the following year. In the basic match, Starbucks will “100% match on the first 3% of eligible pay that a participant contributes, plus 50% of the next 2% of eligible pay a participant contributes each pay period.” In the enhanced Starbucks match, there is a “100% match on the first 6% of eligible pay a participant contributes each pay period” (“Your Special
Starbucks has several classifications for in-store workers including baristas, shift supervisors, assistant store managers and store managers. Starbucks’ baristas’ compensation does not vary much. According to a survey of 580 Starbucks baristas, the wages range from $6 per hour to $13 per hour, with the average wage at $8.68 per hour. In a similar survey of 286 employees, shift supervisors earn an average of $10.77 an hour, with a range of $8 to $14 per hour. Similarly, Assistant Store Managers earn anywhere from $25,000 to $40,000 per year, with an average of $32,829 based on a survey of 85. A review of 184 Starbucks Store Managers shows the range of salaries was from $34,000 to $58,000. The average Store Manager salary was $43,143. …show more content…
Disability insurance encapsulates short term, meaning twenty-six weeks or less, and long-term disability. Benefits eligible partners are able to purchase accidental death and dismemberment insurance, an entirely optional program. The counselling service Starbucks provides is called the “Employee Assistance Program,” which covers “stress-related issues, emotional difficulties, critical incidents in the workplace and other concerns.” Starbucks offers the “Caring Unites Partners Fund,” which financially assists partners who fall upon difficult times such as illness, natural disaster or death in the family. Finally, Starbucks subsidizes partners who have chosen to adopt children by up to $4,000 (“Your Special …show more content…
To be eligible for the 401(k) savings plan, partners must be at least eighteen years old and have worked at Starbucks for ninety days. Starbucks matching contributions come in two forms, basic match and enhanced Starbucks match. Every November, Starbucks decides whether the basic match or the enhanced match will be in effect the following year. In the basic match, Starbucks will “100% match on the first 3% of eligible pay that a participant contributes, plus 50% of the next 2% of eligible pay a participant contributes each pay period.” In the enhanced Starbucks match, there is a “100% match on the first 6% of eligible pay a participant contributes each pay period” (“Your Special