Who pays more Costco or Walmart? (2023)

Who is worth more Costco or Walmart?

Costco Wholesale Company pays its employees an average of $17.68 an hour. Hourly pay at Costco Wholesale Company ranges from an average of $13.24 to $28.41 an hour.

Low Prices

Costco's business model is to collect fees from members and sell items in bulk, while Walmart is a traditional retailer that aims to push its prices down.

"Costco pays the highest hourly rate once you have topped out. You also receive overtime pay on Sundays. A topped out clerk or forklift driver can make around 57,000 per year. Supervisors can make even more at about 60,000 or more."

You can work for both.

If you're purchasing household essentials like eggs in bulk, then Costco is probably your better bet. The same generally holds true for bulk produce items, like fruits and vegetables, as well as meats and certain dairy products. But Walmart can be very competitive on things like toilet paper and paper towels.

It is not too hard to land a job at Costco, especially at the entry-level. You can land a high-paying job without a high school diploma at Costco. The entire hiring process takes about two weeks and involves two to three interviews, a drug test, and possibly an orientation week.

One Reddit user and Costco employee says it can be difficult working as a frontend cashier at the store and having to push its programs. Supervisor positions can also be difficult because you're “babysitting” employees and people are often upset with you. But the worst job? Entrance door service member.

Extra pay on Sundays

Costco operates on a time-and-a-half pay structure on Sundays. That means each hour an employee works they earn 50% more. No matter how many hours an employee works during the week, they earn more per hour when working on a Sunday.

3. Does Costco Offer an Employee Discount? No, employees pay the same price as everyone else.

Who is Costco owned by Walmart?

Despite being two large big box stores, Costco and Walmart are not affiliated in any way. Both companies are multinational corporations, and neither are owned by a larger parent company. Costco is a publicly traded multinational retail corporation owned by the Costco Wholesale Corporation.

Financial well-being benefits. Qualifying Walmart associates can take advantage of our 401(k) match and our associate stock purchase plan match. Walmart pays for 100% of college tuition and books for nearly 1.3 million field-based associates through Live Better U.

Working at Costco will give you a range of benefits. The top 11 benefits on our list include health insurance, 401K plans, paid time off, dental insurance, vision insurance, education, sick pay, parental leave, paid breaks, and life insurance. They'll even cover the cost of your Costco membership fee.

High Wages and High Productivity

Now, part of this is due to Costco's business model. Its spartan warehouse stores require far fewer employees than the typical big-box store. But what keeps customers coming back, and keeps members renewing their memberships, is a consistently good shopping experience.

$19. The estimated total pay for a Greeter at Costco Wholesale is $19 per hour. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $16 per hour.

Like most workplaces, average shifts for all permanent employees at Costco are 8 hours long. However, some part-time Costco employees report being scheduled for 5-hour shifts regularly.

If you want to increase your chances of getting a job at Costco, you must pay attention to job descriptions and ensure that your skills and experience match what they are looking for. If there are specific qualifications or requirements listed in the ad, be sure to highlight how you meet them during your interview.

The work is physically demanding and will make every part of your body hurt, but you'll also see a physical difference after a while. All employees are hired Part-Time, you'll get a minimum of 25hrs a week. There is also a 90 day probationary period that Costco takes very seriously.

$60.00 Annual membership fee* Includes a free Household Card. Add Affiliate Cardholders for $60 each* Valid at all Costco locations worldwide.

Walmart's store brand of fresh whole chickens aren't organic, but they are labeled cage free, they're also about 20 cents cheaper per pound, and you don't have to buy two, as you do at Costco.

Who is Costco's competition?

Costco Wholesale Corp's (COST) main competitors in the highly competitive retail market of large discount stores are Walmart Inc. (WMT) and Target Corporation (TGT). These companies are also sometimes classified as consumer defensive stocks.

The hiring process at Costco consists of several steps, consisting of an online application, phone screening, in-person interview, and pre-employment drug test. The average time it takes is one to six weeks, depending on the position you apply for. Some positions require applicants to pass an assessment.

The candidates should answer the Costco supervisor interview questions precisely, maintaining calm, composure, and a confident demeanor. Enthusiasm to work in a team environment should be exhibited in the interview as it is a much-needed quality to work in retail settings.

Do Costco Employees Get Paid Well? Costco's employee pay and benefits are among the best in the retail world. Costco employees get paid about $17 an hour on average. That's higher than the average hourly pay at other retailers like Walmart and Target.

Pay raises are given yearly and the amount depends on the position. Very often, usually between every 6 months you receive a $1.00 raise depending on how much hours you put into the company. How much are the raises for every time you hit the 1000hrs? How do you get promoted to management at Costco Wholesale?

See our Overtime Pay Checklist here

For the most part, Costco must pay overtime to non-exempt employees who work more than 40 hours in a week as long as they are not excluded by the FLSA. However, these exemptions become more complicated by some states that have additional laws governing them.

The quick answer is yes. Costco will always be the leader in wages and benefits versus other big box retailers' warehouses. Some of their long-time employees of which they have many are making up to 40 to 50 bucks per hour on Sundays, due to time and one half pay.

1040 hours per raise, exactly 13 pay periods at full time to hit it, 26 weeks out of 52 in a year, you will get a raise every 6 months.

Do you get free stuff if you work at Costco?

yes. Employees get one free Costco membership for themselves, plus three additional free memberships for others. So choose your three wisely. If you're a Costco employee, you'll get the Executive membership, which gives you 2% cash back on your purchases.

Full time employees work 36–40 hours a week. Anything over 40 hours a week or 8 hours a day is considered overtime. Extremely rare to work a 12 hour shift (like almost never). In an 8 hour day, two paid 15 minute breaks(one after two hours, and one after six hours), and one 30 minute unpaid lunch break(after 4 hours).

Benefits of a Costco membership. Every Costco member has access to benefits like discounted contact lenses, travel packages and more, with greater savings on Costco services and select travel packages available to Executive members.

Costco, as a brand, was built on helping customers manage their spending, hence the name Costco, or rather, 'Cost Company'. And it was Costco's focus on decimating the cost of a product that made the company unique and elevated it to where it stands today.

Utah is currently home to 11 Costco Warehouses from Ogden to St. George. If you live in the Salt Lake Valley, you can choose from five locations, but the Salt Lake City warehouse is the largest. In fact, it's the largest Costco in the world!

Costco Wholesale Corporation (doing business as Costco Wholesale and also known simply as Costco) is an American multinational corporation which operates a chain of membership-only big-box retail stores (warehouse club).

They do have a loophole to drop someone back to part time status however. If you're considered full-time and then work less than 32 hours for at least 3 weeks in a row, you lose your full time status. Full time is 34 hours or more at least one week out of 12. Part time is less than 34 hours at least one week out of 12.

A full-time hourly associate can carry over up to 80 hours of PTO each year, and a part-time hourly associate can carry over up to 48 hours of PTO. This gives you more flexibility to take a vacation at a time of the year you choose.

Highest Paying Jobs At Walmart

The higher paying positions at Walmart include software engineer, co-manager, inventory management specialist, and department manager. A worker with the title software engineer salary at Walmart can earn an average yearly salary of $123,821.

Costco pays Bi-weekly, but it wouldn't reach past my bills for me to enjoy.

Is Costco flexible with schedules?

Scheduled raises, higher starting base pay than other companies, flexible hours, paid vacation, great healthcare plan options, 401k match, paid holidays, paid sick time. Good benefits, great pay, flexible schedule, plenty of in house job opportunities.

Costco Jobs USP: Great Job Security, Benefits and Pay

In an interview with Business Insider, many Costco employees raved about the compensation. Costco managed to do well in the “Trifecta of a Good Company:” benefits, wages and job security.

If you think you and your skill set should be valued higher than your offer, negotiate your salary! 12% of men and 21% of women at Costco said they negotiated their salaries. On average, Costco employees earn $128,356.

Show up, do your job, and your pay goes up on its own,” says one employee. When it comes to insurance and other benefits, another employee describes the company as “second to none.” In general, employee reviews praise Costco's family-based philosophy, great treatment of its employees and concern for their well-being.

According to Careerbliss, the vice president of retail sales is the highest-earning employee at Costco, with an average annual salary of $201,000.

Average Costco Wholesale Cashier hourly pay in the United States is approximately $17.47, which is 45% above the national average.

Today, the company is the second largest retailer in the world, behind only Walmart. In 2021, the company had net sales of over 192 billion U.S. dollars and a brand value of over 28 billion.

How much is Costco company worth?

Even billionaires like Mark Zuckerberg and Kylie Jenner have been seen at Costco. Here are 10 millionaires and billionaires that shop just like the everyday person.

In the U.S., we provide generous benefits, including affordable health care coverage for full- and part-time employees, and sizable contributions to company-sponsored retirement plans, based on years of service. We provide twice-yearly Extra Checks (bonuses) for long-tenured hourly employees.

How much does Costco Wholesale pay? The average Costco Wholesale salary ranges from approximately £31,868 per year for a Sales Assistant to £40,732 per year for a Manager. The average Costco Wholesale hourly pay ranges from approximately £11 per hour for a Sales Assistant to £11 per hour for a Cashier.

Toilet paper

I don't like spending money on toilet paper, but it is a constant need. I am probably not the only one thinking that Costco's best-selling item is toilet paper. It sells more than a billion rolls every year of the popular private-label Kirkland brand.

#1 Walmart

For the fourth year in a row Walmart tops this ranking, with 14% of the retail market. While 14% of the market is a massive number – equating to around $556 billion in sales — making the big boxer the envy of the retail industry, it marks a continued decline in Walmart's retail dominance.

The top individual insider shareholders of Costco are Craig Jelinek, Charles Munger, and Patrick Callans, and the top institutional shareholders are Vanguard Group Inc., BlackRock Inc., and State Street Corp.

James D. "Jim" Sinegal (born January 1, 1936) is an American billionaire businessman who is the co-founder and former CEO of the Costco Wholesale Corporation, an international retail chain.

Most Costco shoppers are not much wealthier than other store customers. They're middle to upper-middle income customers…that's their customer base. They put Costco stores where there's a lot of middle income customers. They don't put Costco stores in rich or poor neighborhoods.

What are the 10 things not to buy at Costco?

It is standard practice at all our warehouse locations to verify purchase receipts when customers exit our buildings. We do this to double-check that the items purchased have been correctly processed by our cashiers.