At Costco, Treating Workers Well

By Staff Report

May. 29, 2004

At Costco, Treating Workers Well

Costco Wholesale Corp.’s reputation for top pay is borne out by the numbers. Average hourly pay at Costco is 45 percent higher than the U.S. retail industry average of $10.99, and the company also offers other generous benefits.

Company U.S. and total employees Average workers per U.S. location; percent FT Hourly wages for U.S. workers Average hourly wage Health care insurance Retirement
Costco 83,700 U.S.
110,000 total
200-250; at least 50 percent FT $10-$18.03 $16.72 Insures 58.8 percent of U.S. workers 401(k) with up to 9 percent match of eligible annual pay after one year and 1,000 hours; company also matches 50 cents per dollar for first $,000 employee invests annually
Wal-Mart 1.2 million U.S.
1.6 million total
350-450; about 74 percent FT (Sam’s Club figures not included) Not disclosed $9.68; higher in some urban areas Insures 41.6 percent of U.S. hourly workers (Sam’s Club figures not given) 401(k) with 4 percent match of eligible annual pay after one year, 1,000 hours
Source: Costco, Wal-Mart, and U.S. Bureau of Labor Statistics

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