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Old 05-19-2019, 07:00 PM
 
17,249 posts, read 10,169,578 times
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Well, they deserve it. I can't imagine being a manager of a Costco store to be easy. Probably requires a lot of extra time on the job as well.

https://www.yahoo.com/lifestyle/much...160608663.html

Quote:
But even better is the pay. According to GOBankingRates, Costco CEO Craig Jelinek makes about $6.5 million a year. That's not shocking, but what may be a little more surprising is how much Costco managers make. While Glassdoor reports an average base pay of $106,836, Costco managers actually make much more. According to Costco's Executive Vice President of Administration, Pat Callans, "The average annual salary for a Costco general manager in the U.S. is currently $138,000." If that sounds like a lot, wait for it: Once you add "bonus and stock-based compensation, a Costco GM can earn approximately triple that amount," Callan tells Reader's Digest.
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Old 05-19-2019, 07:12 PM
 
Location: Western Washington
8,929 posts, read 8,394,310 times
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Base of $138k sounds about right for the scope and scale of the job. Typically compensation systems are set up for retail general managers in such a way that it is rare to earn the max possible bonus. I would be surprised if most Costco managers hit max bonus, and almost certainly not year after year.

If base is $138k, most probably earn about $175k or so with bonus.
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Old 05-19-2019, 09:19 PM
 
Location: Tempe, AZ
4,552 posts, read 3,633,260 times
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I remember once I became 18 I tried so hard to get a part-time job at Costco. Let's just say it didn't work out. There are people who work in the deli that make as much as I do, and they didn't need a college degree and expensive licenses! Let's just say I felt significantly underpaid after that.

I wish more companies had pay scales like Costco does, I think our country would be less of a disaster if we still had a true middle class, instead of a whole bunch of working lower middle class and working poor and the top 10%.
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Old 05-20-2019, 05:55 AM
 
20,521 posts, read 16,599,446 times
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Quote:
Originally Posted by Prickly Pear View Post
I remember once I became 18 I tried so hard to get a part-time job at Costco. Let's just say it didn't work out. There are people who work in the deli that make as much as I do, and they didn't need a college degree and expensive licenses! Let's just say I felt significantly underpaid after that.

I wish more companies had pay scales like Costco does, I think our country would be less of a disaster if we still had a true middle class, instead of a whole bunch of working lower middle class and working poor and the top 10%.

Yes, Costco has always been ahead of the curve on salaries for all their employees. I wish there were one near me, I'd go just because of that.
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Old 05-20-2019, 06:41 AM
 
9,778 posts, read 16,962,550 times
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For what they have to do, they deserve every penny.
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Old 05-20-2019, 07:04 AM
 
4,068 posts, read 2,933,728 times
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Quote:
Originally Posted by ocnjgirl View Post
Yes, Costco has always been ahead of the curve on salaries for all their employees. I wish there were one near me, I'd go just because of that.
And they offer benefits to part-time employees too. I love Costco for so many reasons and that is one of them, they compensate their employees well.
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Old 05-22-2019, 11:01 AM
 
375 posts, read 84,449 times
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Costco have an amazing culture. The owner believes in giving back to his employee. I remember watching the Costco documentary and I love their culture. The owner himself said that he doesn't even have a secretary. He answers his own phone. Last time I checked, I believe their experience cashiers make like $40K a year. That's the same kind of money that some Asst. Managers make in other Retail Company.
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Old 05-27-2019, 08:43 PM
 
Location: NYC
12,889 posts, read 8,725,709 times
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I've been to a number of Costcos and look at the picture of the current General Manager at each store. I don't recall ever seeing a woman or person of different race. Seems every Costcos General Manager is a white male in the early 50s or late 40s.
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Old 05-27-2019, 10:30 PM
 
2,404 posts, read 683,329 times
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Remember:

*There's only one of them in each store.
*They work ridiculous hours. 80-100 hours a week is typical. So dividing their salary + bonus by number of actual hours worked = not very much above minimum wage.
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Old 05-29-2019, 10:22 AM
 
197 posts, read 65,253 times
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Quote:
Originally Posted by bobsell View Post
Remember:

*There's only one of them in each store.
*They work ridiculous hours. 80-100 hours a week is typical. So dividing their salary + bonus by number of actual hours worked = not very much above minimum wage.
Not sure math is your strong suit here.

90 hour work week at 52 weeks a year is 4,680 hours worked in a year. They likely don't work 90 hour weeks regardless of what anyone might think, GMs at that stage delegate. They're likely working 50-60 hours since the structure allows for several other managers to take care of the day to day operations. But let's go with 90 anyhow. Base pay of $138k plus hefty bonuses, let's say they hit very few of the categories and at the end of the year they bring home $150k.

$150k at 4680 hours equates to a $32.05 hourly wage. That's the absolute bare minimum given unrealistic expectations. They're likely working well under 4000 hours and are compensated at a higher rate thus their hourly rate in a vast majority of the occasions they're making over $40 an hour.

Either way, not very much above minimum wage isn't over $30 an hour, no matter what school you went to.
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