Costco is a membership-only warehouse club, with low prices for quality merchandise. It has 572 warehouse locations, and 288,000 employees in the US, as of 2021.
However, if you’re part of this workforce but need to leave your job, you may be wondering how to quit Costco. We looked it up, and found some useful information for you!
How to Quit Costco In 2023
To quit your job at Costco, you should talk to your supervisor or store manager, and give two weeks’ notice in 2023. It’s best to put it in writing as well, in a letter or email. Costco will pay out any unused paid time off, but you may not get the annual bonus if not in employment there on the pay date.
To find out more about how to quit your job at Costco, and the next steps to take, carry on reading for all the details!
Should I Put In My Two Weeks’ Notice to Quit Costco?
If you’re ready to leave your job at Costco, you may be wondering what the best way is to go about it.
It may be tempting to just walk out, but it’s much better to talk to your supervisor or store manager, and let them know your plans.
Most importantly, you should give them at least two weeks’ notice. It’s not actually a legal requirement to give two weeks notice, but for a number of reasons, it’s the right thing to do.
For one, you may need to come back to work at the same Costco store, or you may need to ask your supervisor for a reference.
Also, by giving your supervisor enough notice, it gives them time to reschedule shifts to minimize disruption, which is the goal of every manager.
You will need to complete some paperwork, and once you’ve completed your two weeks, you can move on to the next stage of your life.
Do I Need a Resignation Letter?
You can begin by talking to your supervisor or store manager, but you should also put your resignation and two weeks’ notice in writing.
This could be a letter that you hand over in person or an email, but it should clearly state your last day at work.
Does Costco Pay Out Your Paid Time Off?
Costco employees get benefits like paid time off (PTO), and you may be wondering what happens to your unused and accrued PTO when you leave.
The good news, based on online discussions with former Costco employees, is that Costco does pay out remaining PTO when you quit your job.
Can You Still Access Your Employee Self-Service Account After You Quit Costco?
Former employees can access their Employee Self-Service accounts at Costco for 25 months after they leave. They will have to create a new MyCostco Account to log in.
You can use this account to access your Costco pay card, benefits information, vacation and sick days balance, and W2s.
Can You Still Get Your Bonus If You Leave Costco?
Most former Costco employees agree in online discussions that you have to be in employment with Costco on the date that bonuses are paid to receive yours.
However, some report that they did get paid at least a part of their annual bonus, based on hours worked, even though the pay date was after they left.
Can You Roll Over Your 401k When You Leave Costco?
Based on Costco employees’ experience, you can roll over your 401k into a self-directed IRA (individual retirement account) to avoid paying taxes.
Keep in mind, though, that if you roll over your 401k into a Roth IRA, it will be taxed.
Can You Get Rehired at Costco If You Quit?
Costco does rehire employees who have quit their jobs with Costco earlier, though a waiting period of one year may be required.
However, if you reapply during seasonal hiring, you may not have to wait for one year to get rehired at Costco.
You can later transition from being seasonal to a permanent employee. Seasonal hires at Costco usually run from July to January.
Usually, the hiring manager will check with the store where the employee used to work, to make sure they were in good standing when they left.
One of the things they will look at is if you gave two weeks’ notice when leaving your earlier job at Costco.
Former employees will typically be hired back at their rate of pay when they leave, but they will have to build their seniority again from scratch.
Seniority is used at Costco to determine vacation times, pay rates, etc. Employees who are rehired at Costco will have to go through the benefits waiting period again.
If you have to quit your job at Costco, it’s best to do it professionally, with two weeks’ notice. This lets you leave in good standing, which can be a good thing if you ever need to go back or ask for a reference.
Costco does pay out unused paid time off, but you may not get your annual bonus, depending on when you leave. You can tie up loose ends using the online Employee Self-Service site at Costco, and focus on the path ahead.