Trader Joe's: Six Figures for Assistant Managers

trader joes The secrets to Trader Joe's success are finally being discovered by analysts in the food industry, reports CNN Money. The analysts dug around to find out why Trader Joe's stores sell twice as much per square foot as Whole Foods does, why towns push for the chain to come set up shop there, and why it already has 344 stores in 25 states.

A key element to their success, the sleuths discovered, has been their employees. Trader Joe's has been able to keep its work force engaged, be it with the customers and their kids or the unique offerings that stock its shelves. It's this engagement that acts as the platform for creating that funky ambiance customers find inside a Trader Joe's store -- the one that transforms the usually dull experience of shopping for groceries into fun.

No surprise, then, Trader Joe's compensates all employees well, including the part-timers. An assistant store manager can earn six figures. Full time clerks, who are called "crew members," can start in the $40,000 to $60,000 range. On top of that base pay, Trader Joe's makes an annual contribution of 15.4 percent of the employee's gross income to a tax-deferred retirement account. Some part-timers receive benefits as well. The company encourages its employees to ask for training to get ahead. You can check the career portion of the Trader Joe's website for more information on what it's like working for the company.

Since Trader Joe's is expanding, there are currently a good number of openings. The question is whether they are hiring in your location. One way to find out is to pop over to your local store with your resume in hand. Before you do, observe operations and figure out first-hand the values that Trader Joe's embraces. When you talk with the assistant manager, demonstrate your familiarity with their product lines, and your belief in the importance of healthy eating for living a full life.

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February 06 2011 at 6:30 PM Report abuse rate up rate down Reply
Stewart Atkinsen

Your information on Trader Joe's is not up to date. Effective now, new hires only get a 5% of gross income contribution a tax-deferred retirement account. Employees over 30 who are already working for the company will still get 15.4% for the time being.

It's Trader Joe's right to change the retirement plan or even to eliminate it. That's the law. But Trader Joe's army of blogger fans shouldn't give the company credit where it is not due.

Given that young workers are going to need a supplement to Social Security when their retirement age rolls around, TJ's is not doing its employees a favor by reducing its retirement benefits.

December 31 2010 at 11:32 AM Report abuse rate up rate down Reply
1 reply to Stewart Atkinsen's comment
DANL B

Steward needs to discover that most employers offer no retirement benefit. Something is better than nothing, and I would venture to guess that those companies that do offer retirement benefits do it at the 6% or less range. Just because something isn't perfect doesn't mean that it isn't good.

May 27 2013 at 1:40 PM Report abuse rate up rate down Reply

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