Amazon Employee Benefits (2022 Information)
What are the Amazon employee benefits? Amazon is a multinational technology company based in Seattle, Washington, focusing on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four tech companies and Google, Apple, and Facebook.
Founded in 1994 by Jeff Bezos, Amazon was initially a marketplace for books but has since expanded to sell various consumer goods and digital content. The company also produces consumer electronics notably the Kindle e-reader and the Echo smart speaker and is the world's largest provider of cloud infrastructure services (IaaS).
Amazon Employee Salaries
If you're considering a career at Amazon, you probably wonder about the salaries.
According to PayScale, the average base salary for an Amazon worker is $102,000 per year. However, this can vary significantly based on your job role. For example, according to Indeed, the typical yearly wage can range from $25,000 to $160,000 depending on the position posted and compensation level.
According to PayScale, the average salary for a software developer who works for Amazon is $124,652. For a software development manager, the average salary is $152,884. Indeed reviews say that the wages are an incentive to work at Amazon.
Amazon Employee Health Benefits
The Amazon Employee Health Benefits program offers a comprehensive package of benefits covering medical, dental, and vision care for eligible employees and their families. The program is designed to provide quality coverage at an affordable price and meet the unique needs of Amazon employees.
Medical benefits are provided through a national network of providers and cover a wide range of services, including preventive care, hospitalization, and prescription drugs. Dental and vision benefits are also available through national networks of providers and cover a wide range of services, including routine exams, cleanings, and discounts on eyewear.
Aon Hewitt administers the Amazon Employee Health Benefits program, a leading employee benefits solutions provider. Aon Hewitt has extensive experience helping health benefit plans for large employers and is committed to providing excellent service to Amazon employees.
Amazon Family Benefits
Amazon offers several perks for employees with families, including up to four weeks pre-partum and ten weeks paid post-partum leave. Amazon's flexible return to work program makes getting back to work after having a baby a smoother process. And for those looking to adopt, Amazon provides up to $5,000 for single child adoptions and $10,000 for sibling and group adoptions. So if you're looking for a company that supports its employees with families, Amazon is a great option.
Amazon Employee Restricted Stock Units (RSUs)
Amazon Employee Restricted Stock Units (RSUs) are a form of equity compensation granted by Amazon to its employees. RSUs are subject to vesting, and forfeiture conditions and typically have a four-year vesting period. Upon vesting, Amazon employees receive shares of Amazon common stock.
RSUs are a popular form of equity compensation at Amazon because they align the interests of employees with those of shareholders. By tying compensation to Amazon's stock price, RSUs give employees an incentive to help grow the company's stock price.
Despite their popularity, RSUs do have some drawbacks. First, the value of RSUs is entirely dependent on Amazon's stock price. If the stock price goes down, so does the value of RSUs. Second, RSUs are subject to vesting and forfeiture conditions. This means that employees may not receive the total value of their RSUs if they leave Amazon before the vesting date.
Overall, RSUs are an excellent way to attract and retain top talent at Amazon. They align the interests of employees with those of shareholders and give employees an incentive to help grow Amazon's stock price. However, it is essential to keep in mind that the value of RSUs is entirely dependent on Amazon's stock price. Employees should also be aware of the vesting and forfeiture conditions associated with RSUs before accepting them as part of their compensation package.
Network of Support
Employees who work at Amazon may use the company's employee assistance program to get confidential therapy assistance, resources, and referrals. This service includes resources for parents, daycare, and elderly care. Employees can access this service by logging into the Amazon network or contacting HR. This program aims to provide support for employees to help them succeed. All information will be kept within Amazon and not be shared with anyone else.
Maternity and Parental Leave
Amazon understands that becoming a parent is a significant life event that can be exciting and daunting. That's why they offer a variety of resources and support to help employees through this transition. New parents can take advantage of on-site child care, flexible work schedules, and lactation support. Amazon also offers a generous parental leave policy, which provides new parents with up to 20 weeks of paid leave. This policy is one of the greatest in the tech industry, and it shows that Amazon is committed to supporting its employees during this critical time in their lives.
Paid Time Off (PTO)
Amazon offers a variety of paid time off (PTO) options for its employees. Full-time employees are eligible for up to 5 weeks of PTO per year, while part-time employees are eligible for two weeks of PTO per year. Amazon also offers a variety of other leave options, such as parental leave, military leave, and sick leave.
Amazon Employee Discount
If you're an Amazon employee, you're eligible for a 10 percent discount on all Amazon purchases. This discount is capped at $100 per year so that you can save a significant amount of money on your Amazon shopping. You'll also get access to exclusive discounts based on your location or during the holiday season. So if you're looking to save money on your Amazon shopping, make sure to take advantage of your employee discount.
Amazon Employee Bonuses
Amazon offers bonuses to its employees to keep them motivated in their roles. According to PayScale, annual bonus pay for Amazon employees can range from $502 to $106,000, depending on job title and status. While the likelihood of earning a large bonus is low, the potential payouts are high, making Amazon an attractive employer for many workers.
Other Amazon Benefits
Other benefits for full-time and full-time employee eligible family members includes:
- Gym/Wellness program
- Health Savings Account (HSA) for $500 per year)
- Life insurance (2x base salary)
- 20-weeks of maternity leave.
- Gender neutral bathrooms and gym.
- Financial counseling.
- Advice line.
- Adoption assistance (domestic and international adoption expenses).
- Diverse and inclusive workplace.
- General health care coverage.
- Car and home insurance.
- Estate planning.
- Free snacks.
- Free drinks.
Amazon Employee Career Choice
Amazon offers an innovative Career Choice program that helps hourly employees pay for tuition, textbooks, and other related fees associated with in-demand professions. The program allows employees to focus on their studies without worrying about the cost of education.
Through Career Choice, Amazon strives to provide opportunities for employees to develop skills for future occupations. Some of the areas of study covered under the program include medical technician, paralegal, robotics engineer, and solar panel installation professional. The program is an excellent way for Amazon employees to invest in their future and build a foundation for success.
How Does It Feel to Work for Amazon?
Amazon wants its workers to feel appreciated and connected to the company. Many of Amazon's most important companies are led by women, and the firm continues to invest in initiatives that assist women climb to higher positions. If you're a student, Amazon provides a plethora of work possibilities for you to consider.
Employees have an average degree of enjoyment working for Amazon, according to Indeed evaluations, although they feel the work atmosphere to be inclusive and polite. Workers desire better working conditions, even while the income is enough. Continue reading to learn more about Amazon's work environment and culture.
Working Environment at Amazon
Employees at Amazon, according to Indeed ratings, are typically able to accomplish personal objectives while having a clear sense of professional direction. It might be difficult to have a feeling of connection and cooperation when much of the work is done remotely and online.
Despite this, Amazon claims to make every effort to keep the workplace safe, particularly during pandemics. Amazon aspires to have a culture of inclusiveness and diversity in which employees seek out other viewpoints, are interested, and create trust.
Work-Life Balance at Amazon
According to Amazon's Indeed ratings, the company's job pressure is considerable. Employment security for various warehousing, logistics, and administrative professions might be minimal, regardless of performance, due to a variety of remote job options, temporary contracts, and hourly compensation. It would be difficult to succeed in these positions without losing work-life balance.
How to Get a Job at Amazon
Getting a job at Amazon might be difficult, but it's not impossible, since it's a well-known firm with fierce competition for job openings. Work for Amazon shops, Amazon Books, Amazon relational database service, and other divisions are available. The following suggestions can help you improve your chances of landing a job with Amazon.
Examine the job description in detail. Make sure you read the whole job advertisement to see what talents Amazon is looking for. Take careful note of the job's daily responsibilities and sketch out how you meet the requirements. Do you have the necessary qualifications?
Fill in the blanks with statistics to back up your experience. Back up your claims about your talents and expertise with statistics and quantifiable outcomes on your CV. A data-driven corporation like Amazon may benefit greatly from the universal language of statistics.
Obtain a recommendation. Someone who can vouch for you and present your name is an amazing technique to gain an advantage over others. If you know someone who works at Amazon, it would be fantastic if you could ask them to make a recommendation for you to their bosses.
Do some research on Amazon. Familiarize yourself with Amazon's business operations. Determine which departments and jobs you can fill. After that, you may apply for the most appropriate positions and ace your interview.
Acquire experience. To be considered for an Amazon job, you must have a CV that is noteworthy and sticks out. Having relevant experiences is one of the finest ways to do this. Jobs in contact centers and customer service, for example, may provide you an advantage in getting a position at Amazon.
Working for Amazon comes with several perks and benefits that can be extremely helpful for employees. From generous PTO policies to the innovative Career Choice program, Amazon is committed to supporting its workers. If you're looking for a company that invests in its employees, Amazon is a great option.
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