Amazon’s employee benefits are among the best in the world. The multinational employs more than 1.3 million worldwide, of which 950,000 work in the United States alone.
It stands to reason that Amazon has to offer its employees a competitive advantage given its huge workforce. The company has many popular employee benefits to keep its workers happy and attract new talent worldwide.
Insurance offered by Amazon for its employees
For employees and their family members, including domestic partners and children, Amazon offers a wide range of useful benefits. It also has a starting wage of $15 per hour, which is higher than the minimum wage requirement.
The first day of employment marks the start of these competitive benefits. Amazon offers a variety of some of the best benefits that employees look for.
Amazon employees can choose a healthcare plan that suits them and their eligible beneficiaries. These plans offer coverage for various medical expenses, prescription drugs, and dental and optometric services.
In addition, they offer flexible spending accounts, i.e., paying a large portion of medical bills with tax-free money. Insurance co-pays, deductibles, approved prescription drugs, insulin, and medical equipment are allowable expenses.
Both employees and employers contribute to the Health Savings Plan. Simply put, this indicates that both Amazon and the employee pay for the employee’s health insurance.
Although this varies by area, employees also have free access to Amazon Health Centers, where various services are offered. Also included in these benefits is a free medical helpline for advice.
Employees can consult nurses through virtual clinics as part of Amazon Care. However, only employees and their families living in Washington are eligible for this benefit.
Help for Parents
Amazon offers several alternatives for fully paid parental leave following the birth or adoption of a child. Thanks to the company’s innovative shared leave program; employees can split any length of parental leave with their spouses.
Ramp Back is a flexible return-to-work program that is part of Amazon’s benefits. Parents with at least one year of continuous service from the date of the child’s birth or adoption are eligible for this program.
In addition, Amazon offers help with legal fees, court costs, and travel expenses as part of its adoption assistance program. Similarly, Amazon provides free access to various qualified caregivers, such as nannies, babysitters, and caregivers for people with special needs.
In addition to these childcare services, employees are offered discounts at selected daycare centers. The company offers free materials and care services if they have children with autism, ADHD, and developmental problems.
Its Rethink Benefits campaign strives to help children with developmental disabilities such as autism acquire the skills they need to reach their full potential.
Amazon employees can build a prosperous future and meet their financial goals through a market-leading salary and other benefits. In addition to receiving fair compensation, employees have access to company stock, 401(k) plans with a 50% corporate match, and paid life and accident insurance.
Similarly, Amazon offers estate planning, short- and long-term disability compensation, and financial planning services. Employees are paid overtime for working on any holiday observed by Amazon, including Thanksgiving, Christmas, Memorial Day, Independence Day, Labor Day, and New Year’s Day.
You also find additional bonuses and perks
Amazon offers many additional employee benefits, such as employee discounts, educational incentives, performance bonuses, retirement and investment plans, paid time off, and health insurance.
Amazon’s 401(k) programs are among the most attractive employee benefits. The retirement plan, which features an employer contribution of up to 2%, is open to new employees over the age of 18 from the start.
A 10% discount on all Amazon products and an employee discount program on travel, event tickets, cell phone services, restaurants, and more are attractive perks of working for Amazon.