Whole Foods

Topics: Flexible spending account, Grocery store, Employee benefit Pages: 6 (1907 words) Published: December 4, 2012
The organization that I chose is Whole Foods Market (WFM). I chose Whole Foods Market because this is a business that was built from a small market to a huge nationwide supermarket chain that markets delicious natural groceries and prepared foods that involve local producers that help sustain communities and businesses within; and it’s a place I know and shop. Whole Foods is a national grocery store chain that specializes in natural and organic foods, some of which are produced locally. Whole Foods is not only devoted to marketing high quality foods, they are devoted to their employees, customer service which has given them their proven success. “Whole Foods, Whole People, Whole Planet — emphasizes that our vision reaches far beyond just being a food retailer. Our success in fulfilling our vision is measured by customer satisfaction, Team Member excellence and happiness, return on capital investment, improvement in the state of the environment, and local and larger community support.” (Whole Foods Market) According to WFM’s code of conduct, “it expects all team and Board members to act in accordance with the highest standards of personal and professional integrity at all times, and to comply with policies and procedures and all laws, rules and regulations of any applicable international, federal, provincial, state or local government.” (WFM) Whole Foods Market is committed to selling the highest quality natural and organic products that are available; satisfying customer needs; supporting their team members; care for the communities their stores are located in; care for the environment; and committed to the partnership/relationships with vendors. Whole Foods also realizes the importance of its worker’s. It strives for team member excellence and happiness; provides competitive wages and benefits; provides safe work environments and values each member’s value as a part of the Whole Foods team. They have created self-directed teams for their employees that have regular meetings to help solve problems or issues and each member is encouraged to provide input, communication is a key to a successful business. Whole Foods offers stock options or stock purchase plans to its employees; provide continuous learning opportunities in an equal opportunity environment. The learning opportunities provide workers with new skill and knowledge, this provides them with the potential for advancement within the company and Whole Foods does most of their promoting from within the company. This paper will discuss the many benefits that Whole Foods provides to their employees that gives them the opportunity to live a better life, economically, socially as well as healthy. Whole Foods Market’s mission involves several factors in its effort to provide socially responsible products to both employees and customers. Whole Foods is committed to provide a stellar work environment for its employees by providing competitive wages, paid training sessions and an extensive employee benefits package. These benefits include medical care, dental plans, vision plans, paid time off, wellness plans; a flexible spending account that will help with costs for health care, dependent care, life and disability insurance, team member discount, 401(k), stock options and gain-sharing, in addition to many others. This is an extensive list of benefits for individuals that work for a supermarket chain and Whole Foods Market has been listed every year on FORTUNE magazine’s list of “100 Best Companies to Work For” since the magazine started the list in 1998. As discussed Whole Foods provides many benefits to their employees such as their medical care plan, which is a PPO medical care plan and prescription plan. Employees are eligible for this benefit after 400 hours of service; after 800 hours of service full-time team member only pay a premium of $10.00 for this benefit; and lastly after 10,000 hours of service there is no cost to the full-time...
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