There are several individuals who would like to have their own business or invest in a business that could provide financial freedom. Hy Vee provides this opportunity to their employees as they are a chain of employee owned supermarkets. They have 207 supermarkets as well as several drugstores under their belt. To date, Hy Vee has expanded their business and offers a wide range of services from bakery to gas stations.
Hy Vee’s main manager should be able to perform a multi faceted job. The tasks are dynamically changing due to the nature of the service they provide. To ensure that the right people are hired for the job, managers may take part during the hiring process as they will eventually manage the employee.
The manager would also oversee inventory as well as other aspects of the store they are handling. They have to attend to escalated customer issues that the regular staff wouldn’t be able to handle. A manager needs to promote the store by organizing special promotions and maintaining the overall look of the store.
Manager
- Salary: The typical manager gets around $35,000 to $50,000 worth of annual basic salary.
- Bonuses: Bonuses could amount up to $4,992 and can start from $2,000.
- Profit Sharing: Profit sharing is a priority and employees can get up to $1,000 worth of shared profit.
- Stock Options: No option for acquiring stocks is available for managers.
Assistant Manager
- Salary: The assistant manager gets a lower but decent $28,000 to $34,000. Experience is highly considered to get the highest amount this position can offer.
- Bonuses: Assistant managers are eligible to get $2,500 worth of cash bonus.
- Profit Sharing: Like managers, this position entitles the employee for a $3,000 shared profit.
- Stock Options: There are no options to get stocks available for this position.
Assistant Manager Store Operations
- Salary: Depending on the experience the employee has, they get $35,000 to $60,000 annual salary.
- Bonuses: The company does not provide cash bonus for employees holding this position.
- Profit Sharing: Profit sharing is not an option given to employees.
- Stock Options: Stock options are also not part of the benefit provided by the company.
Second Assistant Manager
- Salary: This position would allow the employee to receive the salary of $29,000 to $31,000.
- Bonuses: Based on performance, employees get cash bonus that can provide them additional $1,158 to $1,249.
- Profit Sharing: Profit sharing is not generally available for this position.
- Stock Options: Do not expect to be given stock options by the company if you have this position.
Deli Manager
- Salary: Deli managers have the potential to earn between $28,000 and $30,000 based on the experience they have.
- Bonuses: The company grants the employee cash bonus between $832 and $893 based on performance.
- Profit Sharing: Hy Vee does not give the option for shared profits.
- Stock Options: Also like profit sharing, stock options is not provided to employees.