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Hy-Vee Provides Employees With More Than $167.2 Million in Bonuses and Other Benefits in 2020

Hy-Vee Provides Employees With More Than $167.2 Million in Bonuses and Other Benefits in 2020


WEST DES MOINES, IA
Wednesday, January 13th, 2021

The past year was a hurdle, and Hy-Vee is celebrating its essential workers for their part in navigating through 2020 with a major investment. Recently, the retailer has revealed it gave more than $167.2 million in bonuses and other benefits to its associates in 2020.

Randy Edeker, Chairman, Chief Executive Officer, and President, Hy-Vee“Our goal for 2020 was to build upon Hy-Vee’s current benefit offerings to bring better compensation, better services, and better opportunities to our employees and their families,” said Randy Edeker, Chairman, CEO, and President. “As we start 2021, we will continue to bring more benefit offerings to our employees as we further our mission to be the best place to work in America.”

With over 88,000 associates, the employee-owned company gave each new employee benefits, and perks were launched throughout 2020. According to a release from Hy-Vee, the newly instated benefits include tuition assistance, pharmacy bonuses, 90th-anniversary gifts, as well as:

  • 10 Percent Employee Discount on Groceries
  • Holiday Pay
  • Employee Appreciation Bonuses
  • Enhanced 401(k) Plan
  • Part-time Insurance

Hy-Vee has revealed that in 2020 the retailer gave more than $167.2 million in bonuses and other benefits to its employees

In light of the current pandemic, Hy-Vee also announced that free rapid antigen COVID-19 testing would be offered to its employees at 47 Hy-Vee pharmacy locations.

Hy-Vee revealed it shared over $68.7 million in bonuses to its full-time employees and $6.5 million to part-time associates in addition to the benefits and perks offered to its associates.

Currently, Hy-Vee is looking to hire 10,000 more employees across its eight-state region. All employees are eligible to access these benefits after 30 days of employment.

As retailers continue to expand and grow their workforce in addition to their geographic footprints, what new programs will be formed to keep up? Deli Market News will report.

Hy-Vee
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