Amazon has over 1.2 million employees working in its various offices, warehouses, and trucks.
That’s a sizable workforce.
Considering how many people work at Amazon, you may wonder what attracts them to the corporation.
In particular, do they get a discount for working at Amazon?
Do Amazon Employees Get A Discount?
Yes, employees do get a discount while working at Amazon.
Amazon gives them a 10% discount on all purchases made on the Amazon store.
However, it does have a cap.
Amazon places a $100 cap on their discount each year.
Essentially, once the amount of money they save reaches $100, they’re no longer able to use their discount.
They have to wait until next year for the discount to become active again.
While the discount might be small compared to other discounts that employees receive from other businesses, there are other benefits that Amazon offers, too.
What Benefits Does Amazon Offer To Its Employees?
Amazon offers several different types of jobs.
The bulk of them is in their warehouses since they need a lot of people to help with the processing and sorting of packages.
However, if you have a degree and some experience, you may be able to land an office job, too.
There’s also always work as an independent contractor available in their delivery program.
If you’re curious about working for Amazon, you may wonder what additional benefits they offer to their employees.
Here are some benefits you can expect as an Amazon employee.
1. Healthcare Plans
One of the biggest questions prospective employees have is healthcare.
If you plan on working in an Amazon warehouse, you probably want to know if they’re going to take care of you.
All that time on your feet isn’t going to do your body any favors.
The good news is that Amazon does offer competitive healthcare plans to its employees.
It has several different medical plans from which to choose.
The plan can also extend to other members of your family.
Amazon claims that the healthcare plans encompass medical providers in your area that offer the best care.
Aside from regular medical care, they also have plans for dental insurance and vision insurance.
This ensures you’re able to get full medical health insurance for any problem in the future.
Their healthcare plans also use a Health Savings Account that you and your employer can contribute to.
This further ensures that you have some money to draw from if a medical emergency ever occurs.
Having healthcare insurance provided by your employer is a great benefit.
helps take some of the financial burdens off of your shoulders.
Since employers are often able to get great rates with top insurers, it also means you have a chance of getting great medical care.
Like many other employers, you can expect to get healthcare insurance benefits as an employee of Amazon.
2. Financial Benefits
Amazon also tries to support its employees through a few financial benefits.
One of those is a 401(k) plan.
Once you become an employee of Amazon, you’re able to get signed up with a plan.
You can then defer some of your compensation into your plan instead.
Amazon will also be making regular contributions to your plan.
This helps build a retirement nest egg that you can then later rely on to help cover your expenses in retirement.
The longer that you work at Amazon, the more your 401(k) plan will grow.
That isn’t the only financial benefit that Amazon provides either.
They also provide an optional Life and Accidental Death & Dismemberment Insurance plan.
You can enroll in the plan and receive payment should a major accident occur while working at Amazon.
Since it’s optional, you don’t have to enroll if you don’t want to contribute money towards it.
However, if you work in a warehouse where accidents do occur, it might be a great opportunity to further protect yourself.
Finally, Amazon offers short-term and long-term disability payments.
If you become disabled while working at Amazon, and because of working at Amazon, then you may be eligible for this coverage.
Essentially, Amazon will provide you with disability payments to improve your quality of life.
These financial benefits do mean you’ll lose out on some money each paycheck.
However, they can help ensure that if something does happen to you while working at Amazon, the company helps cover those costs.
3. Restricted Stock Units
Amazon understands that you probably want to get a cut of the hard work that you provide for the corporation.
It’s no secret that Amazon generates a lot of money.
Shareholders get a good chunk of that money.
To allow you to take part in Amazon’s stocks, Amazon offers its employees Restricted Stock Units.
Restricted Stock Units are a bit different than standard stock or shares.
Essentially, an employer will offer a set number of Restricted Stock Units to an employee after the employee has worked for them for a set time.
Some employers also require employees to have reached a certain performance milestone.
Once the employee reaches that milestone or is part of the company for that required time, the employer will vest the stock to them.
This essentially means that the employee is now in possession of a certain number of shares in the company.
They’re free to sell or hold them as they please.
This allows employees to get Amazon shares for free.
While you’ll still need to pay taxes on them, it can be a way to start accumulating shares in Amazon without having to pay the usual share price.
Considering that Amazon shares can be quite expensive, this is quite the benefit.
If you do purchase more shares outside of work, you can grow your holdings to a formidable number.
If Amazon continues to grow and perform as it has been doing, you could sell your shares at quite a profit.
Because of their potential gain, one of the best benefits that Amazon provides is its Restricted Stock Unit offer.
4. Mental Wellness Support
Amazon knows how work can take its toll on your mental health.
It’s also aware that stressors in your personal life can impact your work performance.
To help you be the best possible person that you can be, they have a free Employee Assistance Program.
This program helps you get in touch with professionals who can provide advice about your personal and work life.
If you need a counselor or therapist, for example, Amazon can help you make that connection.
It can be difficult to find those resources on your own.
It’s even more difficult to find one that takes your insurance.
Amazon will do a lot of the hard work for you.
Once you have a list of prospective counselors, you can start making those calls and getting the help that you need.
Amazon wants to make it that much easier for you to get the support that you need.
They can also refer you to professionals.
All of this takes place with complete confidentiality, too.
You don’t have to worry about making your coworkers aware that you’re seeking help and support.
The program is also available 24/7.
This is ideal if you work graveyard shifts or find yourself frequently busy during standard business hours.
The program is always active and ready to help you find the resources that you need.
5. Child Disability Assistance
Amazon understands that it can be difficult to go to work reliably when you have a child with a disability.
They may need extra care from you that requires you to miss work sometimes.
To help make things easier for you, Amazon assists parents who have children with disabilities.
In particular, they provide resources that can help you with their care.
They also help you find care for your children.
They even have elder care resources available.
Using their resources can help you find reliable care services that will look after your child or elder family member while you’re at work.
This allows you to go to work with peace in mind.
You don’t have to worry about missing work or not earning money because you were unable to find care.
Amazon provides you with all the resources you could need.
6. Financial Counseling
Taking care of your finances is already difficult when you’re in the best of health.
It’s even more difficult to get a grip on your finances when there’s a death in the family.
Amazon provides financial counseling and estate planning services when you’re faced with a life-threatening illness or death.
Knowing what to do when there’s a death in the family can be difficult.
Emotions run high and the last thing you want to do is sit down and go through the individual’s finances.
Amazon offers services that can make the process easier and simpler.
They can also help you plan for the best possible financial future.
Even if you’re not faced with a life-threatening illness or death, you may want to take advantage of their financial services.
They can help you start taking the steps toward generating wealth that can last you a lifetime.
7. Adoption Assistance
Adopting a child can be expensive.
One source claims that adoption can cost around $20,000 for national adoptions and even $50,000 for international adoptions.
There are a lot of expenses involved with adopting.
That’s especially true if you’re adopting a child right after the mother gives birth to the baby.
Because of how expensive it is to adopt a baby, you may feel as though you’re not financially able to do so.
This may require you to put your plans of becoming a parent on hold for several years while you save up money.
Amazon wants to make it easier to adopt children.
By working for Amazon, you’re able to get their adoption assistance benefit.
Amazon will help cover some of the expenses involved with adopting a child.
The expenses they will cover include things like attorney costs, travel, and court costs.
While you can likely expect to still pay the brunt of the expenses yourself, Amazon can help reduce the expense by a little bit.
Since not every employer helps with adoption expenses, that makes working at Amazon a great benefit.
8. Maternity Or Parental Leave
A problem facing many American workers is maternity and parental leave.
Compared to other countries, America’s maternal leave isn’t great.
Mothers either don’t get enough time off from work or they receive severe pay cuts while they’re away.
Amazon is trying to do something different.
It offers maternity leave and parental leave to its employees.
That said, employees have had to work for at least one year, continuously, before the birth of their child.
The same goes for adopting a child.
Amazon also lets parents of newly adopted children have parental leave.
However, the employees have had to work at least a year, continuously, before adopting the child.
As long as they qualify, the employees are then able to take their maternity leave or parental leave.
Amazon also makes it easy to take leave with their Leave Share option.
When employees come back from leave, Amazon realizes that it can be difficult to get back into the swing of things.
There may even be new regulations or processes that got started while they were away.
Amazon also has a Ramp Back problem designed to help get parents returning from parental leave back into the swing of things.
Through Amazon’s support, parents can realize their dreams of becoming parents without feeling punished for it.
9. Time Off
A problem with some companies is that they make it difficult to get paid time off.
You may have to work for a certain number of years before you’re able to qualify for paid time off, for example.
At Amazon, they grant you paid time off for certain company holidays.
You’re also able to earn paid time off.
This allows you a chance of getting some days off that you need to relax and recuperate, and where you don’t need to worry about missing out on pay.
Amazon knows how important it is for employees to take time off and recuperate.
That’s why they offer ways to earn paid time off.
10. College Expenses
Amazon has a special program called the Amazon Career Choice Program.
They offer this program to hourly employees.
As long as the employees qualify, Amazon will cover 95% of the employee’s college tuition and other expenses like textbooks and other related fees.
This means that you only have to pay 5% of the total college tuition.
That can make your student loans a fraction of what they would be normally.
In a time when student loans are making it difficult to buy homes or start generating wealth, taking advantage of this opportunity is ideal for Amazon employees.
It also means that the employee can follow a different career path while supporting themselves at Amazon.
They’ll graduate from college with significantly less debt and be ready to switch to a different career with the resources that Amazon provides.
Thanks to the Amazon Career Choice Program, employees can get a secondary education without going into overwhelming debt.
11. Employee Discount
Finally, Amazon employees can get an employee discount from Amazon.
The discount is 10% off any product sold by Amazon.
However, you’re unable to use it to buy products from third-party sellers.
You also have to be an employee working at Amazon for at least 30 days.
While employees won’t receive a discount on their Prime membership costs, the discount they receive can help them save money on their purchases.
In addition, there’s an annual cap on the discount.
The discount ends after the employee has saved $100 through it.
The good news is that the discount refreshes every year.
If you find yourself buying Amazon products regularly, then you’ll enjoy the employee discount.
Amazon has an employee discount and several other benefits that it offers to its employees.
Like most employers, you usually have to work full-time as an employee to qualify for the benefits.
Some of these benefits, like the Amazon Career Choice Program, could even have a huge impact on your future.