Thursday, July 14, 2016

Starbucks enhances pay and benefits package for US staff - EMPLOYEE BENEFITS

by Katie Scott
Originally published: July 12, 2016

International coffee chain Starbucks is increasing pay and enhancing its benefits package for US-based employees, including changes to its healthcare programme and share scheme.

Starbucks US is developing a personalised healthcare benefits package with the aim of giving employees greater flexibility and choice to suit their needs and budget.

From 18 July 2016, Starbucks US employees will be able to use interactive tools on the organisation’s benefits platform to personalise their health cover packages. This will enable staff to choose their own insurance provider, coverage level and price.

The organisation is also introducing an annual enhancement to its share scheme programme, Bean Stock, which will include a doubling of the annual bean stock award for employees with two years of continuous service with the organisation.