Walgreens Employee Benefits (2022 Information)

What are the Walgreens employee benefits? Walgreens is a pharmacy retailer that was founded in 1901. It is headquartered in Deerfield, Illinois, and operates more than 8,200 stores across the United States.

Walgreens offers a variety of services including prescriptions, over-the-counter medications, health and wellness products, photo services, and more. In addition to its retail locations, Walgreens also operates several on-demand pharmacies and health clinics. Walgreens is a publicly-traded company and has more than 225,000 employees.

walgreens employee benefits

Walgreens Paid Time Off (PTO)

At Walgreens, they offer employees a generous paid time off (PTO) policy. In addition to vacation days, employees can use PTO for illness, personal needs, or to care for a family member. Walgreens believes that our employees should have the flexibility to take time off when they need it, and our PTO policy allows them to do just that.  After the first-year Employees can get 5 days' worth of hours of vacation per year and after 5 years its 15 days per year.

PTO policy is one of the reasons that Walgreens has been named a "Best Places to Work" by various publications. They are proud to offer this benefit to our employees and know that it contributes to their overall happiness and satisfaction with their job. If you are interested in working for Walgreens, be sure to check out current job openings.

walgreens employee benefits

Walgreens Bereavement Policy

If you have recently lost an immediate family member, Walgreens allows you to take up to three days of paid leave. This can be extended beyond three days using the Paid Time Off (PTO) allocated to each employee. You need only communicate with your store managers to take leave.

They understand that this is a difficult time for you, and we want to do everything we can to help you through it. A bereavement policy is in place to provide some support during this difficult time. Below Considered An Immediate Family Member For Bereavement Leave At Walgreens;

  • Parent
  • Step-parent
  • Parent-in-law
  • Sibling
  • Step-sibling
  • Child
  • Step-child
  • Spouse
  • Domestic partner
  • Son-in-law
  • Daughter-in-law
  • Sister-in-law
  • Brother-in-law
  • Grandparent
  • Step-grandparent
  • Grandchild
  • Step-grandchild
  • Grandparent-in-law

Walgreens Extra Overtime and Holiday Pay

Walgreens offers extra pay during the holidays for their employees. This is a great way to show their appreciation for the hard work that their employees do throughout the year.

Employees can expect to receive extra pay for working on Thanksgiving, Christmas, and New Year's Day. This is a great way to help offset some of the expenses that come with the holiday season. 

In addition to extra pay, Walgreens also offers flexible scheduling during the holidays so that employees can spend time with their families. This is a great benefit that many other companies do not offer.

Walgreens 401(k) plans

401(k) plans are a popular way for employees to save for retirement, and Walgreens is no exception. The company offers a number of different 401(k) plans, each with its own unique features. Employees can choose the plan that best suits their needs and save for a comfortable retirement.

401(k) plans are a type of retirement savings plan that allows employees to save for retirement. The plans are sponsored by employers, and employees can choose to participate in them.

There are a number of different types of 401(k) plans, but all of them allow employees to save money for retirement. Some 401(k) plans allow employees to invest their money in stocks or mutual funds, while others may have more limited investment options.

Most 401(k) plans offer matching contributions from employers. This means that employers will match a certain percentage of employee contributions, up to a certain limit. This is an added incentive for employees to save for retirement. Employees can typically access their 401(k) funds once they reach retirement age. This money can be used to supplement Social Security benefits or other retirement income.

Employee stock purchase plans

The ESPP is a great way to build your stock portfolio, and it can also provide some tax benefits. When you sell your shares, you'll pay capital gains taxes on the profits, but you may be able to offset those taxes by claiming a capital losses deduction.

If you're a Walgreens employee, you can take advantage of the company's Employee Stock Purchase Plan (ESPP), which offers a 10% discount off the market price when you purchase shares of Walgreens common stock. You don't have to pay any broker's fees, and you can enroll at any time.

So if you're interested in buying shares of Walgreens stock, the ESPP is a great option to consider. Enroll today and start taking advantage of the benefits.

Walgreens Flexible Time Off (FTO)

Walgreens Flexible Time Off (FTO) is a program that offers employees the opportunity to earn paid time off based on hours worked. This program is available to all full-time and part-time employees who have completed their initial probationary period. But employees must have to complete the work they are assigned.

Can I use my paid time off for vacation?

Yes, you can use your paid time off for any purpose, including vacation, sick time, or personal time.

What if I don't use all of my paid time off?

Unused paid time off does not carry over from one year to the next. However, employees are allowed to roll over a limited amount of unused sick leave hours into the next year. For more information, please contact Walgreens HR Department.

Walgreens Medical Benefits for Employees

Walgreens offers a comprehensive medical benefits program for its employees. The program includes preventive care, doctor visits, prescription drugs, and hospitalization. Walgreens also covers mental health services and substance abuse treatment.

Walgreens employees are eligible for coverage on the first day of the month following their date of hire. Coverage is available to employees and their dependents. The company offers several plan options, which include a variety of co-pays and deductibles. Employees can choose a plan that best suits their needs.

In addition to medical benefits, Walgreens offers dental and vision coverage. Employees can receive discounts on products and services at Walgreens pharmacies and stores. Walgreens is committed to providing its employees with quality, affordable health care. The company's medical benefits program is one way it fulfills that commitment.

Walgreens University

Walgreens University is a company-sponsored program that provides employees with an opportunity to receive higher education. The program offers degree and certificate programs in a variety of disciplines, including business, information technology, pharmacy, and retail management. Walgreens University is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools.

Since its inception in 2006, Walgreens University has awarded more than 7,000 degrees and certificates to employees. The program has also received numerous awards, including the Brandon Hall Excellence in Learning Award and the Modern Healthcare Best Corporate Universities award.

Employees who participate in Walgreens University are able to advance their careers while continuing to work for the company. The program offers a flexible schedule that allows employees to work and attend school simultaneously. In addition, Walgreens University provides employees with financial assistance, including scholarships and tuition discounts.

Conclusion

So as you can see, Walgreens offers its employees a variety of benefits, including paid time off, medical benefits, and tuition discounts. The company is committed to providing its employees with quality, affordable health care. Walgreens University is a company-sponsored program that provides employees with an opportunity to receive higher education. The program offers degree and certificate programs in a variety of disciplines, including business, information technology, pharmacy, and retail management.

walgreens employee benefits

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Patrick Algrim is a Certified Professional Resume Writer (CPRW), NCDA Certified Career Counselor (CCC), and general career expert. Patrick has completed the NACE Coaching Certification Program (CCP). And has been published as a career expert on Forbes, Glassdoor, American Express, Reader's Digest, LiveCareer, Zety, Yahoo, Recruiter.com, SparkHire, SHRM.org, Process.st, FairyGodBoss, HRCI.org, St. Edwards University, NC State University, IBTimes.com, Thrive Global, TMCnet.com, Work It Daily, Workology, Career Guide, MyPerfectResume, College Career Life, The HR Digest, WorkWise, Career Cast, Elite Staffing, Women in HR, All About Careers, Upstart HR, The Street, Monster, The Ladders, Introvert Whisperer, and many more. Find him on LinkedIn.

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