Kohl’s is an American department store chain, headquartered in Wisconsin. From starting as a grocery store to becoming the largest department store chain in America, it has had a long journey. It has around 1100 stores around the country and revenue of $10B (USD). Here e are going to see about Kohl’s Employee Benefits.
It sells a wide range of products like clothing, footwear, jewelry and accessories, home decor, electronics, kitchen appliances, makeup products, etc. It offers an easy shopping experience at its stores, as well as online, through its website and app.
For anyone looking for retail experience, working at Kohl’s can be a great opportunity because of its long history and popularity. But if you are wondering about the benefits Kohl’s provides its employee, then look no further, we have you covered.
Listed below are the employee benefits offered by Kohl’s apart from competitive pay:
Health & wellness support
Kohl’s offers medical insurance coverage to its employees. It provides dental and vision cover. It offers life insurance as well. It also provides its employees with a Flexible Spending Account (FSA) and Health Savings account (HSA).
Apart from the above, it also helps its employees during distress by offering Disability insurance, Occupation Accident Insurance, Accidental Death & Dismemberment Insurance, Retiree Health & medical Insurance. This is a testament to the fact that Kohl’s cares for its employees. It regards them as important stakeholders and makes sure that they feel supported during tough times.
Retirement
Kohl’s takes steps to secure the future of its employees. It offers a 401k savings plan, allowing the employees to contribute a portion of their pay directly to an investment account. This plan is highly convenient and hassle-free. It also offers a tax advantage. Moreover, the company matches 100% of the contribution up to 5%. This goes on to show that the company regards protecting the future of its employees as its responsibility. It recognizes their contribution even after they have retired.
Parenting and Family life
The company supports its employees’ family life by offering maternal & paternal leave. This helps them to focus on their family responsibilities without worrying about work.
It supports flexible working by allowing flexible hours and work-from-home. This allows the employees to have a work-life balance. They are thus able to contribute more effectively to their job.
The company also offers a 20% tuition grant for its employees and their family members at selected universities. This ensures the professional development of the whole family of the employees. The company also has a broad understanding of what a family might include. It is aware of how dear pets might be to its employees. That’s why; it also offers a voluntary pet insurance facility. It offers competitive quotes and assistance in choosing the insurance plan according to the employees’ needs.
Leave policy
The company recognizes that the employees might want a few days off every once in a while. Such days are important as they refresh the employees’ minds and instill vigor in them. Thus, the company also offers paid vacation days and time off. However, it is only available to full-time workers who have completed 1 year of employment. It is not available to part-time employees.
Additionally, the company also offers sick leaves.
Merchandise Discount
Employees get a 15% discount on Kohl’s merchandise. Yes, the employees can purchase the eligible products from Kohl’s physical stores as well as from its online store, at a 15% discount. Moreover, it can be stacked along with other coupons that are available for customers. Thus the employees can enjoy the double benefit.
That’s not all! On selected days, the company offers a 35% discount to its employees.
The company also offers a family & friends shopping pass with a 20% discount. Thus, the employees’ family and friends can also enjoy shopping at Kohl’s at a discount. This will earn the employees appreciation from their dear ones and who doesn’t want that!
Perks
Apart from the merchandise discounts, the company also offers discounts on movies, gym membership, fitness clubs, hotels, etc. This is the most attractive part of working at Kohl’s. The company takes care of the recreational needs of the employees.
It also provides legal assistance, free lunch/snacks, mobile phone discount, an opportunity to attend company social events, etc.
It also offers voluntary benefits like receiving quotes and special discounts on home & renters insurance as well as auto insurance. In this way, the company takes care of the employees’ overall safety.
It also has a Purchasing Power Program which enables the employees to buy the products of their choice today and pay for them over time through payroll deductions. The employees can thus buy what they want without burdening their budget excessively.
It also provides its employees the option to enrol in the identity theft protection program for themselves and their families. In current times, when data has become the greatest asset, this is a necessary move. The program monitors any fishy activity and alerts the employee promptly. In case of fraud, the employee becomes eligible for insurance and expert advice.
Training & Development
Kohl’s recognizes the importance of human resource development. It is necessary for any company’s growth that its employees regularly up-skill themselves. This is all the more important in the retail industry which is highly dynamic.
It thus provides training and development opportunities to its employees so that they can progress within the company’s hierarchy. Store Management Trainees undergo a 12-week structured training program, where they are able to comprehensively learn about the retail business and are then placed as assistant store managers. The training program allows the employees to be coached by mentors.
Volunteer Opportunities
The company does not only empower its employees to contribute at work, but also to give back to the community at large. This is an innovative measure by Kohl’s to fulfill its corporate responsibility.
It runs an hourly volunteer program where, for every volunteer hour by Kohl’s associate at an eligible non-profit organization, it makes a $20 donation to the non-profit organization. This amplifies the social impact the employee is able to make. Through giving back to society, the employees gain a sense of purpose.
Culture
No matter the pay scale and monetary benefits available, if the organizational and work culture at a company is poor, the overall well-being of the employees suffers in the long run. Employees working at Kohl’s don’t have to worry about that.
Kohl’s boasts of an excellent culture that prioritizes customers and community. It believes in teamwork and supports associate groups. Employees are nurtured through training programs. They are empowered and their potential is cultivated. It also enables work/life balance through its leaves, flexible hours, and family discounts. It places importance on diversity and inclusion.
Guidance
Resources, information, and guidance are made available to the employees to deal with personal and professional challenges. The company also provides career mentoring to help the employees plan their career trajectories.
Other important information about working at Kohl’s:
- The average salary at Kohl’s
The average hourly pay at Kohl’s is $11.37. It may differ according to location, store as well as job title.
- The dress code at Kohl’s
The dress code at Kohl’s is business casual
- Job openings at Kohl’s
The job openings at Kohl’s can be viewed on its website: Kohls.com by clicking on the Careers tab.
- Internships at Kohl’s
The company also offers internship opportunities to undergraduates. The available openings can be viewed on its website: Kohls.com by clicking on the Careers tab.
Conclusion
Employees at Kohl’s thus enjoy comprehensive benefits like insurance coverage, retirement savings plans, paid leaves, training opportunities, discounts, mentoring, volunteer opportunities, etc. Apart from the above benefits, each store also recognizes an employee every month for exceptional performance. This helps the employees feel acknowledged and appreciated.
It thus becomes clear that Kohl’s values its employees. Working at Kohl’s can help employees gain the experience of a lifetime.
Frequently Asked Questions
- Are any benefits available to part-time workers?
Part-time workers become eligible for medical insurance plans and 401k retirement plans after working for a specific number of hours, i.e., at least 30 hours a week. They also get a 15% merchandise discount. All other benefits are available only to full-time employees.
- What does vision insurance include?
It includes not only eye examination, but also discounted spectacle frames, lenses, and contacts.
- What is the eligibility criterion for the paid vacation days?
An employee has to finish one year of employment to enjoy the benefit of paid vacation days.
- Does the company also offer an employee stock ownership plan?
Yes. The company does offer the Employee Stock Ownership Plan, where it purchases its own stock and the eligible employees can share the stock.
- What is the Kohl’s Cares merchandise program? Is it related to the employees?
It is a corporate responsibility initiative of the company. Under this program, 100% of the profits earned from selling its Cares merchandise are donated to various non-profit organizations.
The employees don’t have a role to play in it.
