Does Amazon Have Good Employee Benefits in 2024? A Deep Dive
As an Amazon employee for over 5 years, I have experienced the company‘s benefits offerings first-hand. Based on my personal experience combined with industry research, I can confidently say Amazon provides exceptional benefits that meet or exceed most competitors.
But don‘t just take my word for it – let‘s take a data-driven look across Amazon‘s key benefits categories.
Comprehensive health insurance with low monthly costs
Amazon employees have access to three different medical plan options through insurance giants Aetna and Premera Blue Cross. Monthly premiums start around $25 per paycheck for individual coverage.
Table 1: Average Monthly Health Insurance Premiums
| Plan Option | Individual | Family of 4 |
|---|---|---|
| Aetna Co-Pay Plan | $24 | $189 |
| Aetna HSA Plan | $25 | $160 |
| Premera Plus Plan | $55 | $298 |
This table illustrates how Amazon health premiums compare very favorably vs. national benchmarks. Average monthly premiums in 2022 reached over $250 for individual coverage and nearly $900 for families [1].
Amazon also provides brand-name vision and dental plans to employees for just a few dollars per pay period. Overall, you‘d be hard pressed to find cheaper, more comprehensive employer-sponsored health insurance.
Leading parental leave outpacing Big Tech firms
One area where Amazon clearly stands out is paid…
Generous retirement savings options
Between 401(k) matching, Employee Stock Purchase Plans, and Amazon‘s pilot retirement contribution program, employees have every opportunity to plan and save for the future.
As of 2022, 401(k) participation rates exceeded 75% – higher than the industry average [1]. This indicates that Amazon…
Unbeatable employee discounts
Whether you have Prime shipping already or not, gaining free access is a game changer, with free 2-day shipping on over 200 million products.
Combine this with 20% off Amazon subscriptions and merchandise. Also factor in additional employee discounts on cell phone plans, hotels, rental cars, restaurants and more via T-Mobile Tuesdays, HotelStorm and Perks at Work.
High satisfaction reflects benefit value
Annual employee surveys consistently show over 70% satisfaction with Amazon‘s benefits offerings and enrolment experience [2].
In exit interviews and job site employer reviews, benefits emerge as a primary reason many decide to stay with Amazon long-term.
"The health insurance plan was affordable with low deductibles and out of pocket maximums"
Conclusion
With first-rate health coverage, generous time off and long term savings plans, Amazon prioritizes employee financial protection now and into the future.
Perks like merchandise discounts, free expedited delivery and streaming services offer tangible lifestyle upgrades. This combination attracts top talent and keeps current staff highly engaged.
As an insider, I advise any prospective candidates to rest assured – Amazon offers some of the best workplace benefits you can find.
