Goodwill Employee Benefits (2024)

Goodwill Industries of the Inland Northwest (Goodwill) offers a comprehensive employee benefits package designed to attract and retain quality staff. As of January 1, 2023, the package comprises the following benefits. Benefits and Goodwill’s contributions towards benefits are subject to change.

Medical, Dental, and Vision Insurance

Medical insurance is available for eligible employees who work 30 or more hours a week on a consistent basis on the first day of the month following 60 days of employment; example: If your hire date is February 14th, you will be eligible for medical insurance on May 1st. Goodwill pays 80% of the employee-only premiums for medical. Goodwill does not offer medical benefits for legal spouses or registered domestic partners.

Dental and Vision insurance are available for eligible employees scheduled to work 30 or more hours per week on a consistent basis after 60 days of employment. The employee is 100% responsible for dental and/or vision insurance premiums. If employees desire dental and/or vision insurance coverage for spouses, registered domestic partners and/or dependent(s), they have the option of paying the additional expense.

Open enrollment for Medical, Dental and Vision will be in November/December of each year effective January 1st.

Sick Time

Goodwill grants up to 52 hours of paid sick time annually to regular, full-time employees at a rate of 0.025 hours per hour paid. Part-time hourly employees earn sick time on a prorated basis. Employees may access any accrued sick time after 90 days of employment.

Vacation Pay

Goodwill grants vacation time annually to regular, full-time employees. The amount accrued per pay period is based on years of service with Goodwill. Part-time employees earn vacation on a prorated basis. Employees may access any accrued vacation time after 90 days of employment. Employees can accrue a maximum of 160 hours of vacation. Employees are strongly encouraged to take a 5-day vacation annually.

Holiday Pay

Goodwill observes 10 holidays: New Year’s Day, Martin Luther King Jr. Day, Presidents’ Day, Memorial Day, Juneteenth (June 19th), Independence Day, Labor Day, Veterans Day, Thanksgiving Day, Christmas Day, and receive up to four (4) personal days annually after 60 days of employment (if hired after October 1st new hires will receive 2 personal days the first year). Hourly employees required to work the day of an observed holiday will receive an extra day’s pay or another day off within the same workweek with pay (for the holiday up to a maximum of eight hours). Holiday pay and Personal days are granted on a prorated basis for part-time employees.

Retirement Programs

Goodwill offers two retirement savings programs:

401(k) RETIREMENT Plan, Traditional and Roth – The 401(k) plan is open for enrollment twice a year (January & July). It is available for employees after six (6) months of employment. Employees need to be at least 18 to participate in the plan. The Traditional plan is a pre-tax salary deferral, and the Roth plan is an after-tax salary deferral.

Goodwill also provides a contribution to those who participate in the plan.

Scholarship Opportunities

Goodwill supports opportunities for its employees to always be actively learning. Periodically throughout the year, Goodwill offers opportunities to apply for financial scholarships to be used for furthering education for its employees personal and professional growth and enrichment.

Life and Accidental Death & Dismemberment (AD&D) Insurance

Goodwill provides company-paid Life and AD&D insurance for all employees who work 30 or more hours on a consistent basis on the first day of the month following 60 days of employment. Hourly employees are eligible for a $10,000 term life and AD&D policy, and salaried employees are eligible for a $20,000 term life and AD&D policy. Additional supplemental life insurance is available to purchase for yourself and for your spouse if you purchase additional coverage for yourself. Open enrollment for supplemental life insurance will be in November/December of each year, effective January 1st.

Long Term Disability (LTD)

LTD may be available to employees that work 30 hours or more on a consistent basis. Coverage would take effect on the first day of the month following 60 days of employment.

Leaves of Absence

Goodwill strictly adheres to all local, state, and federal laws, including protected and mandated leaves of absence. In addition, eligible Goodwill employees may apply for a leave of absence, up to 30 calendar days with the possibility of a 30-day extension. Employees’ pay during these leaves of absence depends on the type of leave and earned benefits that the employee has accrued. Some leaves may be unpaid. Employees are also granted up to three paid bereavement days in the unfortunate event of the death of an immediate family member. Eligible employees on jury duty will receive regular pay during the course of jury duty. Please refer to the Human Resources department for details.

Transfer and Advancement Opportunities

Goodwill strongly encourages our employees to grow and be even more successful within the organization. We encourage an atmosphere of training, succession, and employee advancement. Opportunities for advancement are posted every Monday for all employees to view. Employees interested in a job change, advancement, and/or location transfer are strongly encouraged to communicate interest to their supervisor. An employee must have been performing satisfactorily in order to be considered for advancement or transfer. Supervisory personnel may recommend employees for consideration as candidates for promotion.

Safety Incentives

Safety is a top priority at Goodwill. Daily safety huddles are conducted at each retail facility. In addition, multiple committees composed of employees meet monthly to ensure that we are working as safely as possible. Goodwill helps to promote safety awareness by rewarding safe employees through various programs and events.

Wage Advances

Employees may request up to two wage advances per year for a bona fide emergency. The amount of the wage advance requested cannot exceed the net amount of pay already earned during the current pay period.

Parking

Goodwill provides free parking facilities for employees at each of its locations.

Service Recognition

Employees, program participants, and community partners are recognized annually for their achievements and years of service via various awards, recognition, and service pins for years serving Goodwill’s mission.

Direct Deposit Service

Goodwill offers the service of direct payroll deposit into the employee’s bank account, saving a trip to the bank to deposit the check. This means that employees have access to their earnings on payday mornings.

Store Purchase Discount

All employees are eligible for a 20% discount on most merchandise in all Goodwill Industries of the Inland Northwest facilities. The discount is not applicable to New Goods merchandise.

Employee Charge Account

After 30 days of employment, employees may “charge” Goodwill merchandise to a limited charge account. Payments will be automatically deducted from the employee’s paycheck on payday.

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Goodwill Employee Benefits (2024)

FAQs

What are the benefits of goodwill? ›

Goodwill is a tremendous asset to have when conducting any business transaction, whether you're buying or selling. Even outside this context, a business may continue to develop its value and goodwill to stand out in a competitive industry, using this as leverage to gain more loyal customers.

Why do people work at Goodwill? ›

Competitive Compensation and Benefits. Clear Career Opportunities. Formal and Informal Training Programs. Work-Life Balance.

Does Goodwill offer a 401k? ›

401(k) – The company matches up to 4% of salary and is available for enrollment after six months of employment. Employee Assistance Program (EAP) Resource Assistance Program (RAP)

Does Goodwill pay weekly in PA? ›

9 answers. No it is bi weekly. No. They pay every other week.

What are the disadvantages of goodwill? ›

Limitations of goodwill in accounting
  • Risk of impairment: Goodwill depends on factors like economic and market conditions. If those change in the future, you can lose some of the value. ...
  • Only used for acquisitions: Goodwill can only be used if a company is bought at a higher price than its fair market value.
Aug 5, 2023

Does goodwill pay out PTO when you quit? ›

Employees who voluntarily terminate and provide a two-week notice of termination will receive payment for all accrued and unused PTO in his/her final pay. If a two-week notice is not provided, all accrued and unused PTO will be forfeited. (PTO does not include disability or grandfathered sick pay.)

How good is the goodwill interview? ›

When asked in an Indeed survey about the difficulty of their interview at Goodwill Industries, most respondents said it was easy. Indeed's survey asked over 4,750 respondents whether they felt that their interview at Goodwill Industries was a fair assessment of their skills. 83% said yes.

How do you answer "Why do you want to work at goodwill?"? ›

I am impressed by the company's commitment to providing high-quality services to its clients and the opportunities for personal and professional growth. I am also excited about the possibility of working in a fast-paced and constantly evolving industry like digital marketing.

Why do companies pay for goodwill? ›

This difference is due to issues such as the value of a company's name, brand reputation, loyal customer base, solid customer service, good employee relations, and proprietary technology. Goodwill represents a value that can give the acquiring company a competitive advantage.

Is goodwill raised in retirement? ›

The retiring or deceased partner is entitled to his/her share of goodwill at the time of retirement/death. The goodwill earned by the firm is the result of the efforts of all the existing partners in the past. Hence, as per agreement among the partners at the time of retirement/death of a partner, goodwill is valued.

Who pays for my 401k? ›

Employees generally pay most 401(k) fees related to investing. Depending on plan design, employers may cover 401(k) administration costs—or, pass them to employees as flat fees or as a percentage of assets in the plan.

Do you inherit 401k? ›

Beneficiaries named on your 401(k) plan inherit its assets, even if you stipulate in a will that it goes to others, which is why it's important to designate them in your plan. Not designating a beneficiary could cause your estate, which includes the assets in your 401(k), to go through probate.

What is the lowest paying job at Goodwill? ›

Hourly pay at Goodwill Industries ranges from an average of $9.39 to $23.43 an hour. Goodwill Industries employees with the job title Retail Store Manager make the most with an average hourly rate of $19.12, while employees with the title Cashier make the least with an average hourly rate of $10.05.

Does Goodwill pay weekly on Reddit? ›

You should get paid no later than the following week or earlier, depending on when you start. My region pays for all orientation and training. When you are paid depends on your region. Ours is weekly on Thursdays.

What is the main purpose of goodwill? ›

Goodwill® works to enhance the dignity and quality of life of individuals and families by strengthening communities, eliminating barriers to opportunity, and helping people in need reach their full potential through learning and the power of work.

What is a goodwill discount? ›

The term goodwill has a number of definitions in business. For instance, a company may offer a valued customer a discount on future purchases if the customer has had a poor experience with the brand. This is often referred to as a goodwill gesture or discount.

How do I get tax benefits from goodwill? ›

If you itemize deductions on your federal tax return, you may be entitled to claim a charitable deduction for your Goodwill donations. According to the Internal Revenue Service (IRS), a taxpayer can deduct the fair market value of clothing, household goods, used furniture, shoes, books and so forth.

Why is goodwill useful? ›

It represents a value and potential competitive advantage that may be obtained by one company when it purchases another. It's the amount of the purchase price over and above the amount of the fair market value of the target company's assets minus its liabilities.

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