The cafe company was not formed not long ago but it has got a good grasp in the market today. There are around more than 30,000 stores of Starbucks all over the world. Each store would require one manager and if you wish to become one, you can become one in the upcoming years. In this article, we will see about ‘How Much Does A Starbucks Manager Make?’.
How Much Does A Starbucks Manager Make?
On average a Starbucks Manager in the United States makes around $45,000 per year which is 6% more than the national average. For different countries it will be different but it will be almost similar in value.
The regional managers of Starbucks, on the other hand, do get higher salaries than store managers in the United States. The average salary for a regional manager would be around $86,895 per year. Unfortunately, this amount of salary for a regional manager is 14% less than what it should be ($102,008 per year).
Starbucks Corporation Jobs By Salary In The US
|Retail Store Manager||$46k-$70k||$57,024|
|Assistant Store Manager||$29k-$51k||$38,540|
|District Manager, Retail||$61k-$128k||$90,053|
|Project Manager (General)||$60k-$128k||$88,305|
Starbucks Making Its Revenues
Starbucks is a beverage company selling its beverages to the common people along with other food items. It is one of the largest coffee shops in the world. The company is known to have been operating in more than 80 countries with so much popularity.
The products of Starbucks are sold through more than 35,000 stores from all over the world. This is how the company has grown in the past couple of decades. Starbucks might be the largest coffee seller in the US but they have been facing tight competition in the international markets.
Selling beverages is the main source of income for the company. However, the company is still focussing on expanding its business to other countries. As per the current situation that might sound a little difficult but that will be possible.
During the pandemic situation just like any other business Starbucks was affected financially. The company faced trouble during the past year and their net sales were not enough. The total operating income of Starbucks was about $913.5 million.
The net revenue of Starbucks was $6.7 billion in Q1 FY 2021, which was about 4.9% less thaAfterthe same quarter. However, after reopening its stores from all, the company worldwide slowly started to recover its finances after the pandemic.
However, there were reports that some stores were not functioning at their total capacity because of the pandemic. So, there was a fluctuation in the company’s financial structure, which had caused an imbalance.
How Starbucks Paid Its Employees During Pandemic?
Starbucks did not stop paying its employees even at the time of the pandemic situation. The company has been known to have been paid off their employees last year in May. It was when the pandemic was still active.
The pandemic also affected the salary of the store managers because the store was shut entirely. It is not only about Starbucks but all other businesses that were down during the pandemic situation. However, the company had promised that they would come back stronger than ever before.
According to Forbes.com, there was some news about how the company would make ways to come back from the pandemic situation. If you want to go through the article, then here is the link: https://www.forbes.com/sites/christopherwalton/2020/04/03/3-ways-starbucks-will-emerge-from-covid-19-stronger-than-before/?sh=6901ee4f1844.
About Starbucks Jobs
Anyone wanting to do a job at Starbucks would be welcome until and unless there are vacancies in the store that you want to work for. The company has been known to have employed people from all groups.
Military spouses, young adults, teenagers, and other types of people can be employed in Starbucks. Since there are so many stores worldwide, Starbucks would need as many employees as possible.
The company faces competition just like any other business, which is why there is tight competition to retain employees. In 2015, it was reported that Starbucks had employed around 150,000 workers in both Canada and the US.
Starbucks pays bonuses to its employees, and they also promote employees. Along with its employee’s promotions and bonuses, the company offers extra benefits to its employees. For example, Starbucks offers discounted stock shares, insurance plans, including medical, vision, and life insurance.
On the other hand, the company grants paid leaves to its employees. One can also take parental leave. The company is also helping educate others, and it has been known to have come up with several education programs. Bachelors can earn a degree for which the expenses would be taken care of by the company itself.
Store Managers Experience Requirements & Responsibilities
To become a Starbuck store manager, one does not have to hold a reputed degree from a university or a college. But, to get through the initial stages of becoming a store manager, one must analyze financial reports.
One must also have prior retail experience, and the duration should be at least three years, or it can be more than that. To become a store manager, one year of customer service and a year of supervisory experience should be mandatory.
These experiences should be a must for the candidates because the work of a store manager would include jobs similar to the experiences that you should have. However, some veterans could qualify even if they do not have these experiences.
The responsibilities of a Starbucks store manager would include the following:
- Must know how to train and guide employees.
- They have to evaluate the performance of the employees and are also required to terminate them whenever required.
- They must be able to manage day-to-day operations.
- The store manager must take care of the customers by ensuring safety and security to them.
- They must set goals for sales and achieve them and has to take full responsibility for the store.
- They must be able to delegate authority and make sure that the work done is completed.
- They must follow all the rules and guidelines according to the laws of a particular country.
- They must listen to the troubles faced by the customers and need to make necessary changes accordingly.
- They need to handle all the financial reports of the store.
- The store manager needs to maintain the inventory of the products and supplies.
- The store manager should study customer trends and should boost sales.
There are many things that the store manager must do apart from the list that is made above. It is one of the reasons why one should have prior experience because it would become difficult for you to do the job if you do not have any experience.
Managing would become difficult, and in the end, you might end up making losses for the store. You must also work on your team leading skills because you will be the one who will be responsible for the motivation of your employees.
Starbucks Store Manager Qualities
A store manager is also the leader or the boss of that particular store and is responsible for all the activities that need to be carried out daily. Therefore, he should make sure that the customers are satisfied with their service and do not have any kind of complaint.
However, given below are the list of qualities that a Starbucks store manager should have:
- Must have personal and professional skills
- Must maintain a positive attitude and solve all the problems faced by both customers and his employees.
- Making sure that he has a calm mind and can motivate others.
- Must be honest when handling financial data like managing store receipts and other such kinds of things.
- Must be extremely good at organizing things.
- Must be excellent at communication skills.
- Must be able to solve arguments between customers or among the employees at the store.
If you decide to become a store manager for any business, you should have skills and knowledge about managing and handling things. Often it happens that employees tend to leave the organization only because of their boss or manager.
You should try to gain all the skills and knowledge to apply for Starbucks’ post of store manager. Working for Starbucks would be great because there will be so many benefits that you can get.
Frequently Asked Questions
- What is Starbucks famous for?
Ans: Starbucks is famous for the following things:
- The brand
- Smartphone application
- Social media
- The coffee
- How can I work as an employee for Starbucks?
Ans: If you are interested in working for Starbucks, you should visit the store you want to work for and talk to them about their hiring policy. If you are eligible for the post,so then you might be offered the job.
- Does Starbucks provide free Wi-fi services?
Ans: Starbucks does provide free Wi-fi services to the customers. Customers can enjoy their coffee and can sit in the store as long as they wish.
- Who are the biggest competitors of Starbucks?
Ans: The following are the brands that are the biggest competitors of Starbucks:
- Dunkin Donuts
- Costa Coffee
- Tim Horton’s
- Peet’s Cafe
- Yum China
- Cafe Coffee Day