What is the best buy employee discount?
The standard employee discount at Best Buy is Cost + 5%. What is this? So if an item’s retail price is $50, and Best Buy paid $30 for it, as an employee you’d get it for only $31.50. It should also be noted that you won’t qualify for their employee discount until you’ve worked at Best Buy for at least 30 days.
Introduction
Employee discounts are commonplace among many companies, offering their workers discounted rates on products or services, as an incentive and benefit of employment. Many of these discounts vary by each organization, so what exactly is a typical employee discount?
Typical Employee Discounts
Employee discounts are a commonplace perk of employment, though the discounts may vary by company. Below are some of the more common discounts seen among employers:
- Discounted insurance premiums
- Merchandise discounts
- Cell phone discounts
- Discounted website hosting
- Travel discounts
- Retail discounts
- Gym discounts
Discounted Insurance Premiums
Many employers offer their employees reduced rates on health, life and other personal insurance premiums, as an incentive of employment. These discounts are widely varying according to the company, with some offering a portion of the premium covered, while others offer a percentage off the overall cost.
Merchandise Discounts
Many companies are known to offer discounted rates on their products or services to their own employees. These discounts often offer employees a percentage off the regular retail price, and vary depending on the company.
Travel Discounts
Employees may also take advantage of employee discounts found in the travel industry, such as reduced rates on flights, hotels and car rentals.
Retail Discounts
Some companies provide retail discounts to their employees, ranging from anywhere from 10-30% off their products.
Gym Discounts
Some employers offer their employees discounted memberships at select gyms, typically ranging from 10-50% off the membership fee.
FAQs
-
A typical employee discount can take many forms, such as discounted insurance premiums, merchandise discounts, cell phone discounts, travel discounts, gym discounts and more. Many of these discounts depend on the company offering them.
- What are the most popular employee discounts?
The most popular employee discounts typically include discounted insurance premiums, merchandise discounts, cell phone discounts, travel discounts, gym discounts and retail discounts.
- Is there a limit to the employee discount?
There is no limit to the employee discounts offered by a company – each employer is different and will offer incentives based on their own terms.
Conclusion
Employee discounts are a great way for companies to reward their employees, as well as to attract new talent. Most employee discounts vary depending on the company, ranging from discounted insurance premiums to merchandise discounts, travel discounts and more. Employers can use these incentives to incentivize their staff and reward their employees, making them an ever-popular perk of employment.
§§ COM
Employers and employees should always check with their company or HR team to get the details and specifics of their organization’s employee discounts.