Best Buy, a leading electronics retailer in the U.S., offers a variety of rewards programs, benefits, and discounts to its employees to keep them motivated and satisfied at work.
So if you’re a Best Buy employee looking for some benefits, you may be wondering – what is the Best Buy employee discount, and how can you use it? Here is what I’ve found out about it!
Best Buy Employee Discount
Best Buy offers its employees a generous discount of Cost + 10%. If the product’s retail price is $500 and Best Buy paid $250, the discounted price will be $275. In most cases, this can be a 20% – 60% discount, depending on the product. Workers must also be employed for 3 months before receiving discounts.
If you want to learn more about the Best Buy Employee Discount Program, how to check for employee discounts, and how much discount you can get as an employee, keep reading!
Do Best Buy Employees Get Discounts?
Both part-time and full-time employees at Best Buy get exclusive discounts on various products sold at the electronics retailer.
Products that qualify for employee discounts include some TV brands, audio equipment, and Android phones.
Along with these items, the employee discounts at Best Buy also apply to the tech services offered by Best Buy’s Geek Squad.
Note that some products, such as Apple products and gaming systems do not qualify for employee discounts at Best Buy, and so employees will have to buy them at the retail price.
Additionally, for you to get Best Buy products at employee discounted prices, you must have been an employee at Best Buy for at least 3 months.
How Much Of a Discount Do Best Buy Employees Get?
Best Buy employees must pay Cost + 10 % of the cost, depending on how much Best Buy paid the original manufacturer for the item.
For instance, if an item goes for a retail price of $100 and Best Buy bought it at $50, then an employee at Best Buy can get it for $55 ($50 cost price + 10% on top: $55), i.e. for a discount of $45. These are insane savings!
Note that the Cost Of Goods Sold (COGS) is considered sensitive information and cannot be disclosed for public use, so it is only available to Best Buy employees.
How Do I Check My Best Buy Employee Discount?
If you are an employee at Best Buy, you can check your Best Buy employee discounts through your personal Best Buy account.
Simply log in to the ETK (Employee Tool Kit Access) and click on the personal tab to view all available discounts.
Remember that Best Buy will require your employee identification number before verifying your discount.
Additionally, you can only check the employee discounts using computers in the store you work in due to the ETK so as to prevent discount misuse or impersonation.
In case you try logging into your employee account at a different location, Best Buy may reject your entry into the employee portal.
How Can I Get An Employee Discount At Best Buy?
To use your employee discount, you have to present your employee ID for Best Buy to process your employee discount faster while shopping in-store and online.
If you are shopping in-store, the salesperson will guide you on how to receive employee discounts.
However, if you shop online through your Best Buy employee account, the system will automate the discounts with every item you put in the cart.
What Benefits Do Employees Get At Best Buy?
Employee benefits at Best Buy include employee discounts, competitive reward packages of pay, and several other opportunities that are dependent on employee choice and flexibility.
The available packages focus on the holistic well-being of the employee and have been grouped into the different categories as listed below:
Benefits for the financial well-being of employees include:
- Employee discounts
- Incentive pay
- Employee stock purchase plan
- 401(k) retirement saving plan
- Life insurance
- AD & D insurance
- Employee assistance program
- Short- and long-term disability insurance
Here are the benefits focused on physical and mental well-being:
- Behavioral health coverage
- Medical and prescription drug coverage
- Critical illness insurance
- Maternity support and paid leave
- Mental health counseling and resources
- Employee assistance program
Benefits that focus on the social well-being and personal development of employees include:
- Paid time off
- Commuter benefits
- Bereavement leave
- Legal services
- Identity protection
- Pet insurance
- Caregiver pay for child bonding or family care
- Tuition assistance and discounts
Note that the eligibility for these benefits is dependent on employment status (full-time or part-time), the length of service, and your position as an employee in the company.
Best Buy offers exclusive discounts to its employees along with other benefits to keep them motivated and satisfied at work. The discount is structured so that employees only have to pay the original cost price of the item plus 5% of that cost price.
These discounts are available to both full-time and part-time employees who have worked at Best Buy for at least 3 months.