![]() ![]() ![]() The company has paired with the World Professional Association for Transgender Health (WPATH) to offer transgender employees a health insurance policy that was previously considered to be cosmetic.Įmployees choose the cover and insurance provider that suits their individual needs. The plan offers a variety of cover levels and insurance carriers.īeing eligible for these benefits will depend on your role, hours worked, and the location of Starbucks. The company offers a comprehensive medical, dental, and vision plan for qualifying employees and their dependents. These amounts are calculated per pay period. In addition, Starbucks will only match the amount if it is paid into the savings account. This is irrespective of whether this amount is pre-tax, Roth after-tax, or a combination of both. The company will match 100% of the first 5% of eligible pay of the employee. This program helps employees to save for future goals by allowing payroll deductions that are paid into the Starbucks 401(k) savings plan.Įmployees may contribute 1% to 75% of their salary for every pay period up to the annual IRS dollar limit, which was $19,500 for the 2021 calendar year. This benefit is exclusive to employees who are over the age of 18 with a minimum of 90 days of employment/service. Once the stock has been transferred to shares and is in the ownership of the employee, that employee may either sell the shares or keep them.Ĭandidates employed on or before the 1st of May each year are eligible for their grant in November of that same year. To become eligible, employees must remain working for Starbucks for a one-year period with no breaks in that working period.Īfter the first year, the employee receives the first half of their Bean Stock and, after an additional two years, the employees are eligible to receive the second half of their Bean Stock. These stocks turn into shares after a two-year period.Įmployees must be eligible to receive the Bean Stock. Stock OptionsĮligible Starbucks employees receive Bean Stock Restricted Stock Units (RSUs). In addition, candidates receive full support from the company through a success coach that helps candidates manage work/study/personal life. Starbucks will cover 100% of the employee’s tuition for the full period of the bachelor’s degree course.Ĭandidates can choose from any one of the 100 diverse undergraduate degree programs offered by Arizona State University’s online program. The opportunity is only available to eligible US employees working more than 20 hours per week and is extended to both full-time and part-time employees. It is known as the Starbucks College Achievement Plan. So much so, that the company will pay the full tuition for a first-time bachelor’s degree course that the employee decides to pursue. Starbucks is heavily invested in the future of its employees. While there is a long list of benefits associated with being a Starbucks employee, we will focus on the top seven advantages of working for this international coffee house. Pros and Cons of Working at Starbucks – Summary Table.
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