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Starbucks introduces new benefits for employees — as long as they aren't in a union

Starbucks introduces new benefits for employees — as long as they aren't in a union

CBSN
Thursday, September 15, 2022 03:12:28 AM UTC

Starbucks introduced new financial-focused employee benefits on Monday, but they are only available for non-unionized employees.

The company outlined two new efforts to help employees with their finances: My Starbucks Savings, which will allow workers to contribute a portion of their pay to a personal savings account through Fidelity Investments, and Student Loan Management Benefit, a program designed to give employees access to resources and individual coaching to help them manage student loan debt, refinancing and repayment options, the company said.

"As we reinvent the future of Starbucks, together with our partners, we knew we had an opportunity to further support the financial well-being of our partners and their families," Ron Crawford, the senior vice president Total Rewards at Starbucks, said in an announcement.

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