Rite Aid Corporation is a Fortune 500 company and the third-largest drugstore chain in the U.S. Rite Aid employee benefits keep its employees happy and make the company a good workplace.
The company was established in 1962 as Thrift D Discount Center. After a few years in business, the company was renamed Rite Aid. In 2006, the retailer merged with Brooks Eckerd Pharmacy. In 2018, Walgreens bought 1,932 Rite Aid stores along with three of its distribution centers.
The drugstore chain currently has about 2,466 locations in more than 35 U.S. states. It is headquartered in Camp, Pennsylvania.
Rite Aid’s main businesses include Pharmacy Services and Retail Pharmacy. The retailer sells generic drugs, prescription drugs and over-the-counter medication along with other products (such as beauty) and merchandise by other brands. It has a revenue of $21.64 billion and houses about 53,100 employees.
Rite Aid Employee Benefits Team
Jessica Kazmaier – Senior Vice President/Chief Human Resources Officer
Jessica Kazmaier has been with Rite Aid for 12 years. She recently became Senior Vice President and Chief Human Resources Officer.
Kazmaier’s expertise includes devising strategies that focus on human capital and aim to achieve organizational goals and objectives. She is also a certified Employee Benefits Specialist.
Kazmaier got her B.S. from the University of Pittsburg.
Find her on:
What are Rite Aid’s Employee Benefits?
Before you apply to any job, it is important to know what employee benefits the company offers. Rite Aid employee benefits offer different types of coverage plans including healthcare, financial and career benefits.
Here is an overview of the major perks the company offers.
|Health Plan||Rite Aid offers a comprehensive healthcare plan, which can also be availed by the employee’s family. The health plan covers both simple and complex procedures.|
|Dental Insurance||The plan covers different types of preventive dental upkeep along with reconstructive surgeries.|
|Healthcare Spending Account||This account provides financial aid during medical emergencies. Employees have to deposit a certain (tax-free) amount from their paychecks. Funds that remain unused at the end of the month are forfeited.|
|Maternity Support Program||This program gives expected mothers access to top-notch administrative assistance and services.|
|Vision Plan||You can get coverage for eye exams and other eye-related procedures. You can also buy frames, contact lenses, and glasses.|
|Commuter Benefits||You get coverage for work-related transportation and parking. The plan covers only a specific distance from the workplace.|
|Disability Plan||The company offers both short-term and long-term disability coverage. Once the short-term coverage expires, employees can apply for long-term coverage.|
|Paid Time-off||Employees who complete one year of service at the company get one week of paid vacation.|
|Life Insurance||The policy gives two years of salary to your beneficiaries.|
|Daycare Flexible Spending Account||This account allows you to partially cover daycare costs.|
|Maternity Leave||You get six paid and 12 unpaid weeks off.|
|GED Reimbursement||Half of the cost of this test gets reimbursed by Rite Aid.|
|Tuition Reimbursement||Rite Aid pays in full for job-related degrees and certification programs.|
|Coaching and Mentoring||The company offers coaching and mentorship session. This can help you improve your skill set and knowledge.|
|Leadership Program||You can also enroll in different development and leadership programs, which is good for your career growth.|
|Bonuses||Employees are given performance-based bonuses.|
What Employee Benefits is Rite Aid known for?
Rite Aid employee benefits strive to help employees grow professionally and personally by offering a set of career, healthcare, and financial benefits. These employee benefits can be availed by eligible full-time and part-time employees. Most of them are based on copayments while others are voluntary.
Some of the best-known Rite Aid employee benefits include:
- A comprehensive healthcare plan.
- 1 week of paid vacation time after one year of service.
- 6 weeks of paid maternity leave.
- Life insurance.
- Commuter benefits.
- Healthcare Spending Account (HSA).
- Employee bonuses.
Rite Aid offers a comprehensive healthcare plan that not only covers its employees but also their families. These healthcare benefits give coverage for medical, dental, vision and general health coverage along with nutritional and maternity support. You can also get psychological counseling to support mental healthcare.
The company’s financial benefits also give coverage to your families. The company offers a 401 (k) plan; however, according to the different employee reviews on Glassdoor and Indeed, the company does not offer a 401 (k) match. You also get parental leave, commuter benefits, life insurance, and performance-based bonuses.
Rite Aid also offers excellent benefits that ensure career development. These benefits help employees grow professionally by acquiring new and improved skill set and in-depth knowledge of the industry. Career benefits include mentoring, leadership and development programs. You can also get tuition reimbursements for classes and degrees related to your job.
How Does Rite Help with Student Loans?
Rite Aid does not offer any help with student loan repayment. The company’s main focus is on the development and professional growth of its employees.
Rite Aid offers tuition reimbursement to employees. You can get monetary support to get degrees or certifications related to their jobs.
Student loans and its repayment has become a major issue in the United States of America. These loans, at times, even determine the career path students will take. Many of them strive to get a job that will help them repay the loans instead of choosing an industry they want.
Currently, about one-sixth of American students, aged 18 or more, carry a student loan. These students carry federal loans worth $1.5 trillion. Their private student loans amount to $119 billion. Because of the burden caused by these loans, job seekers want to work for companies that offer student loan benefits.
To attract the best talent many companies that do not offer the benefit are planning to do so. The best way to implement the benefit for them is through FutureFuel. This platform allows both employees and employers to create their accounts. Employees can use their accounts to manage their student loans, make payments, and track their repayment progress. Employers, on the other hand, can manage the benefit and send company contributions through their account.
How do Rite Aid Benefits Change for Different Jobs?
Both part-time and full-time Rite Aid employees get benefits. Since the company operates in more than 35 U.S. states, so, the nature of these benefits varies. For example, the healthcare package offers different coverage plans in different states.
Moreover, the 401 (k) plan also changes with each state. The rates of other benefits like commuter, dental and vision, also vary.
Other factors that can determine the type of benefits you get include:
- Number of years in service
- Job type
- Seniority level
For instance, your vacation time increases with the number of years you stay with the company.
How Rite Aid Improved its Benefits Package Overtime?
Rite Aid has been around for more than five decades. During this time the company found different ways to ensure employee retention.
The retailer offers different benefits that improve employee morale and engagement. Even after its 2016 merger, the company managed to close a few of its stores without laying off its workforce.
The company continues to improve its benefits packages by:
- Offering comprehensive coverage plans.
- Offering savings plans and life insurance.
Are Rite Aid Careers Worth It?
Rite Aid places a special focus on the career development of its employees. Here are a few benefits and perks that make Rite Aid careers worth it.
- The company offers different development and leadership programs. These programs allow employees to grow both personally and professionally.
- Employees can get tuition reimbursements. This allows them to get a better education and more knowledge of the industry.
- You get a chance to work your way up through the ranks.
Rite Aid Jobs and Careers
If you are looking for the right opportunity, you must check the following places for job vacancies.
Rite Aid Careers
The Rite Aid careers page lists down all available vaccines. You can narrow down your search by looking for jobs available in your area. You can also look for different types of jobs available. Once you click on a job, you can find its complete job description, experience needed along with other requirements.
The website also gives you the option to apply online.
Rite Aid Glassdoor
You can find a number of vacancies on Glassdoor. The website lists the positions and their locations. The search bar allows you to apply different filters, so, you can narrow down your search.
Glassdoor offers additional information about each posting, such as job descriptions, responsibilities, requirements, expected salary. You can also read reviews from Rite Aid employees, which will help you make an informed decision.
Rite Aid Indeed
Indeed is definitely one of the best places to look for Rite Aid jobs. The website lists down almost all the vacancies available and gives complete information about each posting. You can find information such as job descriptions, requirements, qualifications needed, and experience required.
One of the best things about Indeed is that it has a Q&A section where you can see different questions about the company’s working conditions and work environment.
If you want to apply, the website gives you the option to apply directly to the official Rite Aid website.
Rite Aid LinkedIn
LinkedIn is another useful option. The networking website features a number of available positions. You can also see complete job descriptions, requirements, experience needed, location, job type, and seniority level.
You can use the “apply on the company website” tab to submit your job application.