The retirement benefits include a profit sharing retirement plan, fully funded by Nike, and two plans where the employer matches the employee contribution. There is also a stock purchase plan where the company pays transaction fees.
In this post
What benefits does Nike offer?
NIKE Benefits
Among Nike’s many unique benefits and perks are free and discounted fitness opportunities and world-class sports facilities, transportation and tuition assistance, product discounts, paid sabbaticals; health and life insurance, employee stock purchase plan, and paid vacation and holidays.
Are Nike employees happy?
After compiling thousands of independent employee reviews from companies around the United States, CareerBliss announces the 8th annual CareerBliss 50 Happiest Companies in America.
Does Nike provide health insurance?
Health & Wellness
NIKE’s got your back. With various life insurance and health care packages, we’ve got you covered.
How does Nike reward their employees?
Nike rewards its employees with a chance to meet the athletes they admire. It’s opportunities like this that spark creativity and inspiration amongst employees and get them excited to come to work every day.
Does Nike have 401k?
What Is Nike’s 401(k) Plan? Like most employers, Nike offers a 401(k) plan to help its employees save for retirement. The company’s plan is managed by one of the top brokerage firms. The company allows employees to contribute up to 75% of their pre-tax income to the plan.
Is it hard to get a job at Nike?
Getting a job at Nike is challenging, but certainly not impossible. For all roles, the hiring process is competitive due to a large number of candidates. The ideal candidate will be a team player who is curious, flexible, resilient, and self-motivated.
What does Nike call their employees?
athletes
Culture of Teamwork
That’s one of the reasons why retail store employees are referred to as “athletes.” It’s fitting that a brand built around sports and fitness fosters the same sense of healthy competition, continual growth and challenge, and collaboration with teammates to accomplish goals.
Do Nike employees get free shoes?
Yes upon hiring you receive 1 pair of shoes and 2 outfits then after that you receive 1 outfit every 6 months and 1 pair of shoes every year. Depending on events going on you may receive additional tops.
How long do you have to work at Nike to get a lifetime discount?
5 years
Nike product discount
U.S. employees leaving Nike with at least 5 years of service – as well as their eligible family members – will be eligible for lifetime shopping privileges.
What insurance does Nike have?
Nike provides a basic life insurance death benefit of half your annual salary up to a maximum of $500,000, paid by the company. Nike also provides employees with the opportunity to purchase additional supplemental life insurance in an amount up to 5½ of your salary up to a maximum of $3.5 million.
What insurance does Nike use?
The website for Nike employees and their families with Delta Dental coverage has moved to DeltaDentalOR.com/Nike.
How much vacation do Nike employees get?
15-20 days off
Nike’s PTO and Vacation policy typically gives 15-20 days off a year. Paid Time Off is Nike’s 2nd most important benefit besides Healthcare when ranked by employees, with 38% of employees saying it is the most important benefit. Nike’s benefits and PTO Package averages to represent a $1000 -$1500 cash value per month.
Does Nike give holiday bonuses?
It was annual bonus day, when thousands of qualifying employees can receive 5% to 30% of their annual pay in one lump sum. With many Nike employees pulling down six-figure salaries, the annual bonuses commonly amount to $10,000-$15,000 — and for some employees, much more.
Does Nike give signing bonuses?
The size and frequency of sign-on bonuses also varies based on your position at Nike. New managers and professionals have reported receiving bonuses that range between $4k-$10k, if they received one at all. Annual Cash Bonuses: The Performance Sharing Plan (PSP Bonus) is awarded during the month of August.
Does Nike have unlimited PTO?
It provides employees with freedom and flexibility, and rewards results rather than hours. The problem with unlimited time off, though, is it can easily turn into no time off. If team members, and especially team leads, work during their time away, they’re setting expectations–whether intentional or not.
Do Nike employees get stock?
An ESPP is a benefit Nike offers to their employees to purchase Nike stock at a discount from a designated purchase price. Plain and simple, it is a way for you to benefit from the company’s long-term growth.
Do Nike employees get stock options?
In 2018 Nike opened Restricted Stock Units to their already generous benefit line up. Now employees have the option of choosing either Stock Options, RSUs or, a combination of the two.
Do Nike employees get commission?
3 answers. Nike employees do not receive commissions on the store merchandise.
Who is Nike biggest competitor?
Adidas
Adidas. With annual revenue of $22.12 billion, Adidas is the biggest competitor of Nike. The brand actively serves across 55 countries via more than 2500 stores worldwide. Founded in 1924 by Adolf Dassler and Rudolf Dassler, the brand is the largest sportswear manufacturer in Europe and the second-largest globally.
Is Nike good company to work for?
Nike is a terrific company to work for and provides many opportunities for employees to seek growth and development. There are tons of tools available to assist upward movement.