Amazon is notably the largest e-commerce platform in the world. It produces and distributes its own products, such as the Amazon Echo and the Kindle e-reader. It also distributes third-party products worldwide. Some of its subsidiaries include Ring, Audible, Whole Foods Market and others. Altogether, Amazon currently employs more than 647,000 people worldwide and it is the largest private employer in the United States. If you are interested in Amazon jobs, you may be wondering what is included in its benefits package.
Amazon Employee Benefits Team
Beth Galetti, Senior Vice President of Human Resources
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What Are the Amazon Employee Benefits?
Amazon is a huge corporation that relies on its employees for success. Therefore they have created a comprehensive benefits scheme that compensates employees for their hard work.
|Health Insurance||Different plans available to suit employees needs.|
|Health Savings Account||Savings account with employee and employer contributions to help pay for medical expenses.|
|401(k) Plan||Amazon helps employees save by matching part of their contributions.|
|Accidental Death & Dismemberment Insurance||Employees and their families receive a pay out in the event of accidental death or dismemberment.|
|Life Insurance||Employees' families are given a pay out if the employee passes away.|
|Short and Long Term Disability Insurance||In the event an employee cannot work due to medical reasons, their income is partially protected.|
|Stock Purchase Plan||Employees can become owners of the company through the granting and vesting of Restricted Stock Units.|
|Employee Assistance Program||Confidential 24/7 support, resources and referrals for every aspect of work and personal life.|
|Support Network||Employees have access to financial counseling, estate planning and other services in the event of a life-threatening illness or death.|
|Adoption Assistance||Helps employees pay for adoption expenses including attorney fees, court costs, and travel.|
|Parental Leave||Leave Share and Ramp Back programs available to support parents taking time off to spend with their new family.|
|Employee Discount||Employees get a discount on Amazon products and services.|
|Paid Time Off||Additional to holiday pay, paid time off is accrued and can be used for sick leave and vacations.|
|Tuition Assistance||This program pre-pays 95% of the cost of tuition, textbooks, and related fees.|
What Employee Benefits Is Amazon Known For?
The specific benefits that Amazon employees receive vary based on their full-time or part-time status as well as by their location. Employees who work in either of the two headquarters based in the United States, for example, have access to several additional benefits that are not available for fulfillment center employees and others. Some of the benefits that Amazon is known for include:
- Medical insurance for both full-time and part-time employees.
- Dental and Vision coverage is available for full-time and part-time employees.
- You get a 50% 401(k) match up to 2% of your pay.
- PTO is up to 2 weeks and vacation is 3 weeks.
- 16 weeks of fully paid maternity leave and 6 weeks of fully paid paternity leave.
- Short-term and long-term disability coverage is available.
- Employees can get a 10% discount on $100.
You can also enjoy other perks such as an Employee Assistance Program that provides around-the-clock support for all of its employees across numerous areas. These include estate planning, financial counseling, resources for parents of disabled children and more.
Child Adoption Support is also available. Many major corporations offer financial assistance for full-time workers who adopt children. Amazon covers all of the court costs, attorney fees and travel expenses for both domestic and international adoptions. Amazon goes a step further to provide leave to full-time employees who have recently adopted a child. The also offers a “Leave Share” program, which enables its qualified employees to essentially share their paid time off hours if their partner or spouse does not receive a similar benefit from his or her employer.
Amazon is a dog-friendly workplace. Some employers allow employees to bring a well-trained dog to work from time-to-time. At Amazon, employees working at the corporate headquarters are permitted to bring their dogs to work every day.
The company also offers on-site benefits including a juice bar and complimentary breakfast on Monday mornings, free snacks throughout the week, daily catered lunch, an on-site fitness center, on-site shuttle, and reimbursement of transit fees
How Does Amazon Help with Student Loan Assistance?
Amazon has not yet announced plans to offer student loan assistance as a benefit to its employees, but it does offer student tuition assistance as a benefit.
Employees offering student loan assistance is an increasingly popular benefit. Not only employees consider it a top perk while applying, but many companies are also looking to include this benefit in their package. However, according to SourceMedia Research, only 8 percent of companies offer this benefit.
Those who want to implement can benefit from companies like FutureFuel. It is a platform that allows employers to have their encrypted accounts and make safe donations to their workers to pay their student loans. Employees can also sign up for their accounts and manage their student loans to pay back their student loans faster.
How Do Amazon Employee Benefits Change for Different Jobs?
In many corporations, benefits dramatically improve as you climb higher up the ladder. For example, warehouse workers in most companies do not receive stock benefits. Amazon maintains an egalitarian benefits system, which means that benefits are offered uniformly across the company regardless of the position that you hold. All full-time employees receive access to the same health, life, dental and disability insurance plans. They are also offered the same parental leave plan, retirement plan, stock options, and other benefits.
As is the case with most employers, full-time employee benefits differ from part-time employee benefits. However, Amazon’s benefits for part-time employees are generally superior to those offered by other companies. Typical benefits for part-time employees at other companies are often limited to paid time off.
How Has Amazon Improved Its Benefits Package Over Time?
In 1994, Jeff Bezos started Cadabra in his garage. The following year, the name was officially changed to Amazon. In 1995, Amazon had 11 employees, and Bezos moved the company out of his garage and into a professional environment. By 1997, Amazon went public, and its growth has continued to be astounding since that time.
In its early years, Amazon offered basic benefits to its employees, such as health insurance, paid time off and a retirement plan. It has progressively improved its core benefits package as well as its compensation plan.
For example, prior to 2015, Amazon only offered six weeks of paid maternity leave to new mothers. It expanded this to include parental leave for all biological and adoptive parents. Another example of its efforts to make a more inclusive benefits package occurred several years ago when Amazon extended its health insurance benefits to cover domestic partners when specific guidelines are met. The more unique benefits at select Amazon workplaces, such as happy hour on Friday afternoons, have evolved gradually as Amazon has continuously tried to improve workplace culture.
Are Amazon Careers Worth It?
Amazon maintains a rigorous hiring process across all levels, and it also is known for gender equality in the hiring process. Generally, Amazon offers annual reviews and the opportunity for annual wage increases. Wage increases may be determined by tenure, performance and overall market rates for the position. Amazon strives to maintain a competitive rate for all employees, and this is combined with a benefits package that is superior to what many other corporations offer. With the ability to earn a competitive wage combined with extra benefits not available elsewhere, Amazon jobs are in high demand for good reason.
Discover Amazon Jobs and Careers
The first step for anyone interested in Amazon careers is to find a job opening. Amazon posts its available openings in several locations. These include:
Amazon’s Job Openings Page: The company’s website is the most direct source for information about current openings. Through the jobs page, you can narrow down your search to a specific field and you can refine your search accordingly by geographic location and other factors.
Indeed: Indeed is a job posting website and you can also access it through an app. Current openings are posted on Indeed with new additions almost daily. Starting or average hourly rates or salaries are included in most cases. As is the case with other job posting resources, Indeed allows you to narrow down your search by using various filters.