At Island Gourmet Markets we want to make sure that you and your family are taking care of your health and securing your future. It is for this reason that we offer an extensive benefits package to all of our employees.
- Competitive Wages
- Management and Performance Bonuses
- 401(k) and Profit Sharing Plan
- Profit Sharing Bonus
- Employee Assistance Program (EAP)
- Employee Purchase
- Life Insurance
- Other Benefits
At Island Gourmet Markets we strongly believe in rewarding hard work, productivity, and efficiency with excellent wages. At Island Gourmet Markets, Employees are rewarded for the longevity of their employment with automatic wage increases based on the accumulation of the number of hours they work. In addition, an Employee's good to excellent performance is rewarded with wage increases, bonuses, and promotions. It is our fundamental belief that paying good wages is part of a complete compensation package.
The Company believes that all Employees share in the responsibility to achieve sales and profits and share in the rewards. Store operations are evaluated twice a year following inventory. At this time, management associates are eligible for a Management bonus and non-management associates are eligible for a performance bonus. These bonuses are based on employee's performance and Company and store results measured by net profit, total sales, and overall profitability. So, with the Profit Sharing bonus, the typical Island Gourmet Market associate receives three bonuses each year. Our founder Sidney Kosasa often says, "When we make it, we share it."
Securing ones future is essential to increasing efficiency and productivity amongst all employees. The Profit Sharing Plan was created to assist you in your retirement years. This is one of the finest benefits we offer to our employees. There are three parts to this plan:
- The employee pre-tax contribution. Employees may contribute up to 100% of their salary to the plan subject to caps set by the IRS.
- The company matching contribution: the company will match a portion of your contributions.
- The company supplemental profit sharing contribution: each year, the Company contributes a portion of its profits to the Profit Sharing Plan
It should be noted that since the company added the 401(k) feature to the profit sharing plan in 1988, the company supplemental contributions has been larger than all of the employee contributions each year! As an added benefit to the members of Profit Sharing Plan, the Company distributes a portion of the Company's profits in cash to all active members once a year.
In keeping with our Company Culture of sharing profits with employees and taking care of our Associates as an added benefit to the Profit Sharing Program, the Company distributes a portion of the Company's profits in cash to all members of the Profit Sharing Plan once a year.
Medical, dental, drug and vision coverage is available to our employees and their dependents. The Company pays 100% of the premium for single coverage for full time employees after completion of the introductory period.
Plans available include:
HMSA, an independent licensee of the Blue Cross and Blue Shield Association, is a reliable name in Hawaii health care. Established in 1938, it is the largest and most experienced provider of health care coverage in the state.
HMSA has the largest provider network in Hawaii with more than 95 percent of Hawaii’s doctors, hospitals and other providers accepting the plan. In addition, HMSA is the only health plan in Hawaii that offers a nationwide network of providers for both PPO and HMO plans making it easy to travel away from home while having access to their participating providers nationwide.
Kaiser Permanente is the largest non-profit health maintenance organization (HMO) in the state of Hawaii. With Kaiser's HMO plan, members pay low out-of-pocket expenses for medical services received from Kaiser Permanente providers and facilities. Members benefit from Kaiser's "one-stop shop" concept which allows them to receive medical services and pick up medication in one convenient location.
HAWAII DENTAL SERVICE
HDS is Hawaii's first and largest dental benefits provider in the State of Hawaii. More than 96% of all licensed dentists in Hawaii participate with HDS, so more than likely your dentist is an HDS participating dentist. HDS is a member of Delta Dental Plans Association (DDPA), the nation's largest and most experienced dental benefits provider. Through DDPA, you will have access to over 109,000 dentists, that's nearly two out three dentists on the Mainland that participate with DDPA.
Our company recognizes that all of us from time to time run into problems in life that can affect our happiness, health, job performance, and well-being, such as difficulty in relationships with family, children, spouse, significant other or coworker, feeling overwhelmed with the stress of daily life, losing a loved one, feeling sad, needing to make difficult decisions, and other personal issues. The EAP offers you a resource to turn to for help. All EAP services are offered at no cost to employees and their families. All inquiries to and utilization of the EAP are kept confidential-its sole purpose is the well-being of our associates. Our EAP services are provided by Workplace Solutions, Inc. in Hawaii.
Employees receive merchandise discounts on all merchandise except fresh Meat, Poultry, Seafood, Produce, Sushi, and selected Deli and Bakery products.
The Company offers a group term life insurance and accidental death and dismemberment insurance plan. The Company pays for 50% of the premiums.
ABC Stores Jumpstart Scholarship
All employees of Island Gourmet Markets and their dependents, attending an accredited two- or four-year college or university as either an undergraduate or graduate student, are eligible to apply for ABC Stores Jumpstart Scholarship which are awarded once a year. The Hawaii Community Foundation, the administrator of the program, selects recipients on the basis of financial need, academic achievement and good moral character.
Flexible Spending Accounts
Island Gourmet Markets flexible spending accounts (FSA) allow you to deduct a portion of your salary on a pre-tax basis to cover two specific types of expenses: dependent care (DDC) and unreimbursed medical (URM).
Bus Pass/Parking Subsidy
The Company provides transportation assistance (subsidy) to employees driving to work and paying for parking or catching the bus.
Vacation pay based on your years of service (1 to 4 weeks per year)
Sick leave, up to 7 days a year
Paid holidays, up to 7 days a year
Temporary Disability Insurance - receive benefits when you are on leave due to non-work related injuries or illnesses. The Company pays for 100% of the premium. Long Term Disability Insurance offered to salaried employees. The Company pays for 50% of the premium.
Supplemental Insurance: Get extra protection and benefits with one of four of AFLAC's supplemental insurance policies, which include: Accident Insurance, Cancer Insurance, Hospital Indemnity Insurance and Intensive Care Insurance.