This company offers the best pay and benefits package

Reporter
Yahoo Finance

Most companies offer employees a compensation and benefits package, but how do you know if it’s competitive?

Using a database with more than 18 million employer reviews, Indeed.com, a job search site, has pinpointed the top 15 companies offering the best pay and benefits.

Topping the list is Costco Wholesale (COST), which is the largest retailer of organic foods, wine, and rotisserie chicken. With more than 10,000 employees, the Washington-based chain earned the No. 1 spot for a handful of reasons, including its generous wages. In 2016, Costco increased the minimum wage for workers from $13 to $13.50 (the minimum wage in Washington is $11 an hour; the federal minimum wage is $7.25 an hour). Additionally, the average full-time cashier has a starting salary of $27,906, which can rise to $54,000 within five years, depending on the location.

They have a graduated wage program that’s based purely on total hours worked. Show up, do your job, and your pay goes up on its own,” said one employee review.

When it comes to benefits, full and part-time workers are eligible for healthcare, dental care, vision coverage, an employee stock purchase plan, and 401(k)s that receive a 50-cent match on every dollar for the first $1,000.

The top 15 companies based on compensation and benefits.
The top 15 companies based on compensation and benefits.

In the second spot is Kaiser Permanente, one of the country’s largest providers of not-for-profit health plans. According to employee reviews on Indeed, the company has generous benefits and “pays more than other medical facility hands down.” According to Glassdoor, registered nurses at the company make an average of $111,875 a year at the headquarters in Oakland, Calif. This figure includes profit sharing and a cash bonus.

Even so, the company made headlines earlier this month when labor unions protested the company for allegedly wanting to outsource jobs and reduce wages in California. Kaiser Permanente responded by saying that no wage cuts were being made, and that jobs were only outsourced when it’s more efficient.

Rounding out the top three is Verizon (VZ), where employees credit “great management and great benefits” for their positive work environment. The New York-based communications company has more than 10,000 employees, and boasts salaries like $42,533 for a Retail Sales Representative, and $66,110 for a Solutions Manager. (Verizon is the parent company of Yahoo.)

According to one employee, the company culture requires workers to “be self-sufficient, have drive, and be motivated to work hard every day.” If you can do that, the benefits are plentiful. Employees have health insurance, three weeks of vacation time, and a 100% match up to 6% on their 401(k) plans. Bonuses are also provided each year based on company performance, and Verizon has an employee relief fund for natural disaster victims.

The entire list includes several household names, including FedEx, Express, Apple, Capital One, grocery chain HEB, ALDI, Starbucks, General Motors, Publix, Intel, Boeing, Microsoft, and AT&T.

A few of these companies’ notable benefits: FedEx provides wedding leave; Capital One offers adoption and surrogacy reimbursements; and Starbucks offers tuition reimbursement through a partnership with Arizona State University.

Brittany is a reporter at Yahoo Finance. Follow her on Twitter.

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