Nike Employee Benefits Review: Are Their Careers Worth It?

Nike Employee Benefits Review: Are Their Careers Worth It?

Nike, Inc. is an American multinational corporation that manufactures, sells, and markets footwear, apparel, sports equipment, and relevant services. It’s the world’s largest manufacturer of athletic footwear and apparel in terms of revenue – a collective result of the company’s innovative products and the irresistible Nike employee benefits that attract top talent from all over the world.

Nike was founded in 1964 as ‘Blue Ribbon Sports’ by Phil Knight and Bill Bowerman. In 1971, it was renamed to Nike, Inc. – named after the Greek Goddess of victory. Over the years, Nike has carved a reputation for itself as the most innovative manufacturer of athletic footwear, active-wear, and sports equipment.

Today, the company has more than 76,000 employees, an annual revenue of $36.4 billion, and currently sits at number 90 on the Fortune 500. If you’re considering becoming a part of the Nike family, continue reading to learn all about its employee benefits, and whether joining the company is worth it or not.

Nike Employee Benefits Team

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Monique Matheson, Executive Vice President, Global Human Resources at Nike

Monique Matheson is the EVP, Global HR at Nike, Inc. Having been a part of the Nike family for more than 19 years, she understands the company, and its people, like no other. Matheson leads the HR teams worldwide, and is responsible for talent acquisition, designing new jobs, training and development programs, and swift compensation management, among others. Prior to becoming the EVP, Global HR, she has held roles ranging from Chief Talent & Diversity Officer to HR business partner.

Before joining Nike, Matheson was a lawyer. She holds a law degree from India University and an undergraduate degree from the University of Washington.

Find Monique Matheson on:

LinkedIn

What are Nike’s Employee Benefits?

Millions of people dream of working at a corporation as renowned as Nike. Apart from offering limitless growth opportunities, the company offers attractive benefits packages to all candidates.

Here are some of the best Nike employee benefits:

Employee BenefitDescription
Health InsuranceAffordable health insurance coverage for eligible employees.
Dental InsuranceEligible employees can get dental insurance, which covers all the basics.
Gym MembershipAccess to fitness centers with state-of-the-art equipment.
Life InsuranceDecent life insurance coverage, which can be increased.
401(k) PlanGreat retirement plan with generous matchings.
Military LeaveMilitary-serving employees are granted leaves for duty.
Maternity & Paternity LeaveUp to 8 months of maternal and 8 weeks of paternal leaves (both paid) are granted.
Employee Assistance ProgramEmployees struggling with personal and/or professional problems can meet with trained professionals for counseling.
Family Medical LeavesFMLA leaves are granted to eligible employees.
Professional Development PlanThe company has training and development plans for certain departments.
Reduced or Flexible HoursFlexible schedules (during core hours) are permitted for certain teams.
Tuition AssistanceUp to 50% tuition expenses are paid for by the company.
Vacation & Paid Time OffGenerous paid vacations and holidays are granted.
Mobile Phone DiscountsGreat discounts on major mobile careers.
Employee DiscountsNike employees get a generous 50% discount on all products at employee stores.
Adoption AssistanceEmployees looking to adopt can apply for financial assistance.

What Employee Benefits is Nike Known for?

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Once you join Nike, it’s almost guaranteed that your career will transform into a successful journey – full of exciting perks. The company is known for the following benefits;

  • Health insurance.
  • 401 (k) plan.
  • PTO is available.
  • Up to 8 months of maternity and 8 weeks of paternity leave.
  • Flexible working hours.
  • Military leave
  • Employee discounts.

Nike employees get up to 50% discounts on all Nike products – ranging from shirts to footwear – at certain stores. Employees also get 30% discounts at factory outlets, along with a 40% discount on Swoosh – an online store for employees.

The company’s employees are also provided with a good health insurance plan, which covers all the basics. Employees can select from different tiers, each offered at low premiums.

The 401(k) at Nike is one of the best – offering matches of up to 6%. Employees can use it to plan a comfortable retirement for themselves.

A few other notable Nike employee benefits include paid maternity & paternity leaves, and tuition assistance.

How does Nike Help with Student Loans?

At the moment, Nike does not have any programs by which it helps employees pay off their student loans. However, it does have a tuition assistance program, through which it offers generous amounts in academic financial aid to its (eligible) employees.

Under this program, Nike offers to pay up to 50% of the entire tuition expenses for certain college degrees and/or courses on behalf of its employees.

Despite tuition assistance, college graduates look for benefits that provide student loan relief. To attract the best talent about 4% of employers offer this benefit and many other companies are planning to implement student loan programs.

A new efficient way to implement the program is through FutureFuel. Employers and employees can have their personalized FF accounts and carry out 100% safe monetary transactions. Employees can also manage their debts through the platform and pay back student loans faster.

How do Nike’s Employee Benefits Change for Different Jobs?

Nike is an equal opportunity employer, offering fair compensation and benefits packages to all employees, regardless of personal characteristics. However, some Nike employee benefits do change for different jobs, in terms of the type of employment and geographical locations.

For starters, part-time employees don’t enjoy all the benefits. Some perks, like dental and life insurance, as well as, tuition assistance, aren’t offered to part-time employees. On the other hand, full-time, salaried employees receive a complete range of benefits.

Packages can vary across regions, as well. However, the discrepancies are due to the difference in the laws and exchange-rates for different countries. For example, in the UK, employees receive up to 44% discounts on products, as opposed to the 50% discount for US employees.

How Nike Improved its Benefits Packages Overtime?

Nike has always set great examples in terms of employee engagement. It does so by being consistent in finding new ways to improve its compensation models and benefits packages. For example, over the last few years, Nike conducted a research pilot that tested a new compensation and benefits model to improve productivity and morale for factory workers.

Some of the other perks that have been improved include the health insurance plan, tuition reimbursement, and increase in employee discounts.

Are Nike Careers Worth It?

The opportunity to work for a world-class brand, combined with amazing perks and benefits, and topped with the freedom to excel in your career– all point to Nike jobs being worth it.

To summarize, by landing a spot at the company, you can:

  • Enjoy exciting Nike employee benefits
  • Leverage development programs to enhance your career
  • Become a part of a global family

Additionally, there are many career paths to explore at Nike, ranging from manufacturing to sales and marketing.

Discover Nike Jobs and Careers

If you’re considering building your career at Nike, keep an eye out for job openings on the following platforms:

Nike Careers

The Nike careers page is a comprehensive job portal that lets you discover, learn about, and apply for open roles with ease. You can begin your job hunt by selecting one of 4 brands – Nike, Converse, Hurley, and Jordan – on the homepage. This will lead you to the actual search page, where you can narrow your search with filters like category (administrative support, advanced innovation, design, legal, internships, etc.), country or region, state/region, city, and division.

Nike LinkedIn

Nike has over 1,000 open positions posted on LinkedIn, for roles ranging from Marketing Intern to Partner Strategy Manager. LinkedIn offers a few filters that you can use to enhance your search. You can also turn on job alerts to be notified whenever a new relevant position at Nike is added.

Nike Indeed

Apart from the Nike careers and LinkedIn pages, you can also search and apply for open positions on Indeed. By using filters like salary estimate, job type, location, and level of experience to find the perfect job. The most recent positions shared include Seasonal Athlete, Part-Time Athlete, and Athlete (Sales Associate).

Nike Glassdoor

Last, but not least, you can browse through open Nike positions on Glassdoor as well. You can discover roles on the basis of specific job titles/keywords, locations, and even job functions. The most recently-advertised positions include Senior Administrative Assistant, Commerce Operations Coordinator, and Shipping Analyst, among others.

 

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