... and nurturing partners’ potential through the Starbucks College Achievement Plan
Starbucks is proud to offer a wide range of benefits that allow our partners to choose the plans and programs that best support their individual needs and goals. Benefits provided to all eligible part- and full-time partners include comprehensive health coverage, annual Bean Stock grants, vacation accrual, retirement savings matching, Lyra for mental health, commuter benefits, Spotify Premium, paid parental leave, fertility benefits – and more.
Bean Stock - Yearly grant of restricted stock units, which vest over two years
Future Roast 401(k) - Starbucks will match 100% of the first 5% you contribute each pay period (regardless of whether the contribution is 401(k) pre-tax, Roth after-tax or a combination of both)
Starbucks College Achievement Program - To further support career mobility, we're building on our stack of education benefits that support the choices partners want to make in their career path, at Starbucks and beyond. Building on our full academic tuition offerings available through Arizona State University, we are expanding upskilling opportunities to provide more options for career mobility pathways like credentials and certification programming through what will be our new Starbucks Academy.
Family Expansion Reimbursement - Financial assistance for partners who are growing their families through adoption, surrogacy or intrauterine insemination (IUI). Up to $40,000 per partner
Medical, Dental and Vision - Comprehensive medical, dental, and vision coverage with choices for you, your spouse or domestic partner and children
Mental Health Benefit - Free mental health therapy for you, your spouse or domestic partner and children
Paid Parental Leave - Paid leave for birth and non-birth parents
Partner and Family Sick Time - Paid sick time to care for you and your family
Student Loan Management - Access to resources to help better manage student debt
Incentivized Savings Program - Incentivized savings plan for short-term goals and unplanned financial challenges
DACA Fee Reimbursement - Reimbursement for government mandated DACA renewal fees
Giving Match - Starbucks matches up to $1,000 per year in volunteer hours and financial donations to qualified non-profit organizations
Time Off - Retail hourly partners begin to accrue vacation based on actual hours worked. Starting February 2024, hourly retail partners will accrue paid vacation beginning just 90-days after hire.
Every effort has been made to communicate this benefit information clearly and in easily understandable terms. If there is any discrepancy between the information set forth above and the legal plan and trust documents, the terms of the legal plan and trust documents always govern. Starbucks must also reserve the right to amend or terminate any benefit Plan referred to herein in accordance with its terms.
Starbucks is committed to the success of our partners. Every eligible U.S. partner working part- or full-time receives 100% upfront tuition coverage for a first-time bachelor’s degree through Arizona State University’s online program. Partners are empowered to choose from more than 100 diverse undergraduate degree programs, and have our support every step of the way – from a pathway to admission to their graduation day.
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The company recognizes changes to wages, benefits, and/or terms and conditions may not be unilaterally implemented for partners in stores with organizing underway and may be subject to collective bargaining in good faith for partners in stores with certified union representation.