Foot Locker Employee Benefits Review: Are Their Careers Worth It?

Foot Locker Employee Benefits Review: Are Their Careers Worth It?

Founded in 1974, Foot Locker is headquartered in New York, NY (US). It is a retail store that specializes in sportswear and footwear. Foot Locker is a global name and a leading store in the retail industry. The company earns annual revenues of $5 to $10 billion (USD). Footlocker employee benefits are quite comprehensive and ensure employee retention.

The company currently has more than 45,000 employees and over 3,300 locations worldwide. Foot Locker operates 9 different brands under its umbrella.

Foot Locker Employee Benefits Team

Elizabeth S. Norberg – Chief Human Resources Officer & Senior Vice President

Elizabeth S. Norberg – Chief Human Resources Officer & Senior Vice President

Elizabeth Norberg holds a Bachelor of Science degree in Business Management from Colorado State University. Prior to joining Foot Locker, Norberg worked as Chief of Human Resources Operations at Northwell Health for about 4 years. She was also associated with RLH Corporation for a while where she held the position of Executive Vice President and Chief Human Resources Officer.

Norberg’s experience and qualifications have brought a lot of value to Foot Locker. She is responsible for the development and distribution of global human resources for more than 45,000 Foot Locker Inc. employees globally.

Find Elizabeth Norberg on:

LinkedIn

What are Foot Locker Employee Benefits?

Foot Locker offers the following major benefits:

Employee BenefitsDescription
Health Insurance
Foot Locker provides health insurance through UnitedHealthcare to eligible employees.
Dental Coverage
Dental coverage is available.
Vision Coverage
Vision coverage is available.
Flexible Spending Account (FSA)
Employees can opt for FSAs and set aside some pre-tax money, which can be used for dependent and health care.
Disability Insurance
Eligible employees can get long-term and short-term disability insurance for a small fee.
401 (K) Plan
Foot Locker offers a match up to 4%.
Performance Bonuses
Performance-based bonuses are given to eligible store and corporate associates.
Paid Time Off
Eligible employees can get 10 vacation days and 5 days of personal time. PTO accrues over time.
Paid Holidays
Paid Holidays are offered to eligible employees.
Employee Discounts
Employees are offered 30% discounts on all items at every Foot Locker store. At times the discount can go up to 50% as well.
Mobile Phone Service Discounts
Employees can get 10% discounts on phone services through AT&T, Sprint and Verizon.
Tuition Assistance
Eligible employees can get tuition fee reimbursement for one course each semester at graduate or undergraduate level.

What Employee Benefits is Foot Locker Known for?

Foot Locker employee benefits are extensive and quite affordable. These benefits are key to keeping employee morale high and improving employee retention rates.

Below is the list of the best-known employee benefits Foot Locker offers:

  • Health insurance.
  • Dental and Vision coverage.
  • 401 (K) Plan.
  • Performance bonuses and employee discounts.
  • Paid time off.
  • Tuition Assistance.

Foot Locker offers quite a comprehensive health insurance package to its associates which is affordable. The healthcare package also includes dental and vision coverage. Moreover, employees can open up FSAs for dependent care and healthcare expenses. Foot Locker also provides disability insurance for a small fee.

The company offers a good 401 (K) Plan that helps employees save up for their retirement. the company offers a match of up to 4%.

Another famous benefit is employee discounts. All employees can get 30% off on all company products. Occasionally the employee discount can go up to 50% as well. You can also get a cellular services discount of 10% on services provided by AT&T, Verizon or Sprint.

How Does Foot Locker Help with Student Loans?

Foot Locker does not provide its employees with student loan repayment benefits. However, the company does offer Tuition Assistance to eligible associates. Employees, who qualify, can get full tuition fee reimbursement for one course per semester for graduate and undergraduate degrees/programs.

Although tuition reimbursement can help associates with their future education, it does not help them in paying off their existing student loans. Student loans for Americans are nothing short of a nightmare. These massive loans are forcing college graduates to work for employers that help with student loan repayment.  With only 4% of companies offering the benefit, the choices for job seekers become very limited.

The encouraging fact is that many corporations are planning to implement the benefits program. One of the easiest and most efficient ways to offer student loan repayment benefits is through FutureFuel. It is a comprehensive management system that provides an excellent solution for benefits program and student loan management. The platform allows users to create personalized accounts through which not only can they manage but also make payments.

How do Foot Locker Benefits Change for Different Jobs?

Your eligibility for Foot Locker employee benefits depends on various factors like years of employment, type or level of job and whether you are a full-time or part-time employee.

Here are some of the ways in which Foot Locker employee benefits are likely to vary:

  • New hires do not get immediate access to all the benefits, such as health insurance.
  • The number of paid days off you get depends on your years of service. New hires and part-time employees do not get the same number of days as full-time seasoned employees.
  • Tuition assistance is offered only to eligible associates.
  • Many benefits also vary with state and country policies and regulations.

How Foot Locker Improved its Benefits Package Overtime?

Foot Locker has been around since 1974 and today company has become a global name. In order to ensure employee retention over the years, Foot Locker has worked hard to keep its employee benefits package up to date and cost-effective. For example, the company offers comprehensive health insurance, disability insurance, and a 401 (K) Plan at an affordable rate so employees can avail them without worrying about their finances.

In addition to improving existing benefits, the company also keeps introducing new incentives that allow employees to thrive personally and professionally.

Are Foot Locker Careers Worth it?

Foot Locker can be an excellent place to start your career in the retail industry. The company is internationally known and generates remarkable revenues every year. Apart from its continuous success, Foot Locker provides employees with a friendly and inclusive work environment. It also offers many opportunities for professional growth.

Here are some additional factors that make Foot Locker careers worth it:

  • Having affordable health insurance allows you to save money without worrying about compromising your health.
  • The 401 (K) Plan allows you to save up for retirement and provides you with financial stability in the long run.
  • Performance bonuses, employee discounts along with your salary make a decent compensation package.
  • The tuition assistance program can help you further your education.
  • Your work experience with the company can open up more doors for you in the retail industry.

Discover Foot Locker Jobs and Careers

Here is a list of websites that can help you find a job at Foot Locker:

Foot Locker Careers

At the official careers page of Foot Locker, you can find all the job opportunities listed categorically. Choose the category you are interested in and locate the job based on your preferences. To save even more time, you can use the search toolbar. All jobs contain details such as requirements, qualifications, responsibilities, and job descriptions, etc. You can submit your official application online through the website.

Foot Locker Glassdoor

Glassdoor has around 2.6K jobs listed on its page. You can use the search button to quickly find the job you want. The website also has all the necessary information about each job posting. To get a better idea of how things work at Foot Locker, you can see the employee reviews page. It has reviews from both former and existing employees.

Foot Locker Indeed

Indeed lists more than 4,000 job openings across all locations. To save time and effort, you can use the search toolbar to filter your results. The website also has employee reviews. It also offers more information through its Q&A section. This page contains answers to all the frequently asked questions about the company and its work culture. All this information will help you make an informed decision.

Foot Locker LinkedIn

LinkedIn is another well-organized job-hunting platform. The website has more than 6,000 listings that contain all the necessary information such as job description, expected salary, skills needed, education needed, and experience required, etc. You can use the search option to filter your search. LinkedIn allows you to apply for the job directly through the website.

 

 

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