Does Amazon Have Good Benefits? (401(k), Health Cover, Discounts + More)

As an Amazon employee or future employee, you may be wondering if the company provides good benefits. You’re not alone – a lot of people are curious about Amazon’s perks.

Therefore, in this post, we’ll take a look at what types of benefits Amazon offers employees and what you need to know about them, so keep reading!

Does Amazon Have Good Benefits In 2022?

Amazon is known for its exceptional employee benefits package, which includes discounts on Amazon products and Prime memberships, as well as health insurance, retirement savings plans, education assistance, and paid time off. In comparison to other companies in the retail industry, Amazon’s lucrative benefits help attract and retain top industry talent in 2022.

Keep reading to find out more information about the excellent benefits Amazon provides for its workforce, along with other useful facts!

How Long Do Employees Have to Work at Amazon to Get Benefits?

Amazon employees are eligible for a wide range of benefits starting on their first day of work.

In comparison to other companies in the retail industry, Amazon’s benefits package is designed to attract and retain the best talent.

Which Amazon Employee Benefits Are the Best?

Some of the most popular benefits include Amazon’s world-renowned employee discount for Amazon products and access to Prime, giving employees free two-day shipping.

Amazon also offers a number of other benefits, including health insurance, retirement savings plans, and paid time off.

Do Amazon Employees Have Stock Ownership Options?

Amazon employees do not automatically receive stock options as part of their compensation package.

However, Amazon does offer a stock purchase plan that allows employees to purchase Amazon shares at a discount.

Restricted Stock Unit Program

In addition, employees can also participate in Amazon’s restricted stock unit program, which grants them Amazon shares that vest over time.

Amazon’s equity compensation programs are designed to help employees build long-term wealth and ownership in the company.

What Other Benefits Do Amazon Employees Receive?

What Other Benefits Do Amazon Employees Receive?

Employee Health

Amazon offers comprehensive healthcare coverage to all of its employees, including medical, dental, and vision insurance.

Also, workers have access to health savings accounts (HSAs) and flexible spending accounts (FSAs) to help employees save money on healthcare costs.

Parental Leave

Amazon offers up to 20 weeks of paid leave for new parents. For workers looking to adopt, Amazon also offers a generous adoption benefit of up to $5,000 per child.

Retirement Savings

Amazon offers a 401(k) plan with a company match of up to 5%. 

Furthermore, they also offer a variety of other retirement savings plans, such as IRAs,  annuities, and employee stock purchase plans (ESPP).

Paid Time Off

Amazon offers a generous paid time off policy, which includes vacation days, sick days, and holidays. 

Beyond standard days off, Amazon employees can also earn additional paid time off through the company’s volunteer program.

Discounts

Amazon employees receive a 20% discount on Amazon products.

Likewise, workers also receive discounts on a variety of other products and services, including gym memberships, restaurants, and travel.

Caring for Families

Amazon offers a number of benefits to help employees care for their families, including parental leave, adoption assistance, infertility treatments, and child care subsidies.

Not to mention, Amazon also offers a dependent care flexible spending account (FSA) to help employees save money on childcare expenses.

Education Assistance

Amazon offers tuition reimbursement for employees who want to further their education.

To create a knowledgeable environment, Amazon also offers a variety of other educational benefits, such as access to online courses and training programs.

This career training helps support employee success in current and future Amazon roles.

Community Involvement

Amazon encourages its employees to get involved in their communities through the company’s volunteer program.

In addition, Amazon employees can earn paid time off by volunteering for eligible organizations. Moreover, Amazon also matches charitable donations made by employees.

Diversity & Inclusion

Since Amazon is committed to diversity and inclusion in the workplace, the company offers a number of resources and programs to support diversity and inclusion.

Some of these programs include employee resource groups, mentorship programs, and training on unconscious bias.

Equal Employment Opportunity

Likewise, Amazon is an equal opportunity employer.

Therefore, the company does not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Do Part-Time Employees at Amazon Receive Benefits?

Amazon offers a benefits package to all of its employees, regardless of whether they work full-time or part-time.

Also, part-time Amazon employees receive the same employee discount and Amazon Prime membership as full-time employees.

Do Employees Get Free Amazon Prime?

Amazon employees receive a free Amazon Prime membership. In addition, Amazon employees also receive a 20% discount on Amazon products.

To know more, you can also read our posts on Amazon employee assistance program, Amazon employee discount, and Amazon leadership principles.

Conclusion

Amazon is known for its exceptional employee benefits package. This package is one of the reasons why Amazon has been able to attract and retain some of the best talents in the retail industry.

Some of the most popular benefits include Amazon’s world-renowned employee discount for Amazon products and access to Amazon Prime memberships. Other benefits offered by Amazon include health insurance, retirement savings plans, and paid time off.

Photo of author

Marques Thomas

Marques Thomas graduated with a MBA in 2011. Since then, Marques has worked in the retail and consumer service industry as a manager, advisor, and marketer. Marques is also the head writer and founder of QuerySprout.com.

Leave a Comment