How Starbucks Sets the Bar High in Employee Satisfaction and Company Growth #shorts

In this week's tip on flourishing at work, I invite you to look closely at Starbucks and how they've made flourishing their competitive edge. The first is their industry leading salary and benefits. Starbucks stands apart in paying full medical, dental and vision coverage to their full time employees, but also to all their part time employees. The second is their investment in employee development. Starbucks covers the full cost of tuition for getting an undergraduate education at Arizona State University. Finally, there's a reason they call their employees partners. Starbucks offers their partners to participate in the financial success of the company through a whole range of mechanisms. The first one is their Beanstalk program that grants equity. But even beyond that, all employees have the opportunity to participate through the discounted stock purchase program that offers stock at a 5% discount. In addition, they also generously match the retirement funds through their future roast 401k plan. Another example of a company like Costco that takes care of their employees so that they can create better outcomes for their customers. They know that their partners are critical in terms of providing distinctive service to their customers.