Home Depot employee benefits meet the basic needs of employees. Home Depot offers a variety of benefits for part-time and full-time employees.
As you might know, Home Depot is the 6th largest employer in the United States, where around five hundred thousand people are working as of the current year.
Home Depot’s comprehensive benefits attract new job seekers and keep them stay in the company for a long time. For useful benefits, employees at Home Depot stay with the company for over four years on average.
With mandatory benefits, Home Depot gives employees several additional parks that make their lives easier.
So, here you are going to see all Home Depot employee benefits that you must know before applying for a job. You are also going to learn about Home Depot Orangelife and work-life balance here.
Home Depot Employee Benefits
Home Depot employee benefits include:
- 401(k) Plan
- Life Insurance
- Flexible Spending Account (FSA)
- Parental Leave
- Medical Insurance
- Employee Stock Purchase Plan (ESPP)
- Dental Insurance
- Tuition Reimbursement
- Adoption Assistance
- Vision Insurance
- Corporate Matching Gift Programs
- Disability Insurance
- Accidental Death & Dismemberment (AD&D) Insurance
- Auto / Homeowner Insurance
- Elder Care
- Time-off
- Relocation Assistance
- Pet Insurance
- Emergency Backup Dependent Care (EBDC) Program
401(k) Plan
Home Depot’s most lucrative employee benefit that they offer is a 401(K) plan for all full-time hourly and salaried employees.
With the help of 401(k) plans, you will gain tax-deferred earnings when you contribute a percentage of your pay to this plan. And 401(K) plans are considered the best retirement savings and investing plans for employees.
But, Home Depot part-time employees or associates are not eligible for 4019(k) plans benefit. An employee must work at least 90 days and at least 30 hours per week at Home Depot to be eligible for this comprehensive benefit.
Related: Home Depot Orientation
Life Insurance
Life insurance is a valuable benefit to every employee, but not all employers offer life insurance to employees.
It’s been a long; Home Depot gave life insurance to its full-time hourly, salaried, and also part-time employees as a perk. Although, life insurance is not a mandatory benefit that employers have to provide.
So, Home Depot is going to provide a huge amount of money to your chosen beneficiary after you die. And needless to say, not only employees, everyone should care about life insurance.
Flexible Spending Account (FSA)
A flexible Spending Account (FSA) is included in the Home Depot employee benefits list. All full-time hourly and salary-based employees of Home Depot can take advantage of the flexible spending account (FSA) benefit.
As an employee, you will get many out-of-pocket medical expenses with tax-free dollars from Home Depot if you are eligible for a flexible spending account (FSA).
See Also: Home Depot Hiring Process in 2023
Parental Leave
Home Depot will protect your position when you leave employment to take care of your newborn or adopt a child.
Therefore, you can stay out of work for up to 12 weeks as a Home Depot employee. Parental leave is also known as family leave.
Medical Insurance
Often we need to worry about the cost of our medical or health insurance. But, Home Depot employees don’t need to worry because Home Depot provides medical coverage.
The medical insurance plan features can vary by the location of Home Depot stores. And Home Depot only provides medical coverage to its full-time associates.
Although Home Depot part-time employees get life insurance, medical insurance is only available for full-time employees.
Related Post: Do Home Depot Employees Get A Discount?
Employee Stock Purchase Plan (ESPP)
An employee stock purchase plan (ESPP) allows Home Depot employees to buy company stocks at a discounted price.
This Home Depot compensation will give you a higher return on your investment because you can buy Home Depot shares at lower prices than others.
Dental Insurance
We Americans know how expensive dental insurance is. But the great news for Home Depot employees is you get dental insurance as a benefit.
So, for Home Depot associates, taking care of their dental affordably. Salaried, full-time, and part-time employees qualify for dental insurance.
Tuition Reimbursement
Tuition reimbursement is a great perk that every employee considers before applying for jobs because education costs are higher than ever in the United States.
Home Depot provides tuition reimbursement benefits to its full-time and salaried associates. In addition, Home Depot reimburses its employee’s tuition costs.
If you are someone who is studying and also working at Home Depot, then you will get extra money per year for taking college courses.
Adoption Assistance
Adoption assistance, also known as adoption subsidies, is an employer-sponsored program that helps employees financially with the adoption of a child.
Home Depot offers adoption assistance as an employee benefit, but only full-time and Home Depot corporate employees are eligible for this benefit.
Vision Insurance
Home Depot all types of employees are eligible for vision insurance as compensation. Home Depot will take care of employees’ health expenses, like eye exams, contact lenses, eyeglass lenses, and frames.
Corporate Matching Gift Programs
The corporate matching gift program is a unique employee benefit that Home Depot provides. As a Home Depot associate, you can impact more in your community by more donations with Home Depot help.
Disability Insurance
Disability insurance is a mandated benefit that every employer needs to consider for their employees. Home Depot also provides both short-term and long-term disability insurance.
However, part-time employees are not going to get both disability insurance. Home Depot gives only short-term disability insurance to part-time associates.
On the other hand, Home Depot’s full-time, salaried, and corporate employees are acceptable for both short-term and long-term employee benefits.
Accidental Death & Dismemberment (AD&D) Insurance
AD&D insurance is a benefit that not all employers provide to their employees. Currently, Home Depot provides accidental death and dismemberment insurance to its full-time associates.
Home Depot pays the hospitalization and other costs when an employee faces fatal and nonfatal accidents involving dismemberment or loss of eyesight or hearing.
Auto / Homeowner Insurance
Home Depot offers its employees auto/ homeowner insurance as a group benefit. But, this benefit does not include part-time employees.
Elder Care
Elder care benefit is regulated under the Family and Medical Leave Act (FMLA) of 1993. Home Depot employees get two different types of elder care benefits.
Both Dependent Care Assistance Plans and Respite Care types of elder care benefit Home Depot’s full-time and salaried associates will get.
Time-off
Time off is a perk that employees care about. Home Depot’s time-off benefits facilitate employees to take a break from work.
Employees can take time off for vacation, holidays, personal problems, sick days, military leaves, jury duty, and bereavement days for time off benefits.
Relocation Assistance
Home Depot will help you move to a new city or state to work for them, which refers to relocation assistance benefits.
If Home Depot associates need to move to another place for the company’s needs, then Home Depot will assist those employees financially to settle into that new place.
Pet Insurance
In this new era, pet insurance is a very common benefit that many employers provide to their employees. Home Depot also helps employees to get pet insurance at a discount.
Emergency Backup Dependent Care (EBDC) Program
The emergency backup dependent care (EBDC) program or backup dependent care is another unique benefit that Home Depot gives to employees.
When employee child care arrangements are disrupted, Home Depot provides temporary care through the emergency backup dependent care (EBDC) program to balance employees’ work and life.
Home Depot Part-time Employee Benefits
Home Depot provides a bunch of benefits to all types and sectors of employees. They design benefits packages by keeping part-time employees in mind.
The benefits that Home Depot offers for part-time employees:
- Life Insurance
- Short-term Disability Insurance
- Associate Discounts
- Vision Insurance
- Team Depot Volunteer Events
- Corporate Matching Gift Programs
- Time-off benefits
- Dental Insurance
It’s obvious that Home Depot part-time employees are eligible for fewer benefits than full-time and salaried employees.
But, as you can see, Home Depot also provides quality benefits to its part-time associates.
How Long Do Employees Have to Work at Home Depot to Get Benefits?
To be eligible for Home Depot benefits, employees must work at least 90 to 120 days. But, you will be qualified for some benefits packages just after working 30 days too.
A Home Depot full-time employee needs to work over 90 days to get all benefits, while a part-time employee can qualify for benefits after working less than 90 days at Home Depot.
Major benefits like a retirement plan, life insurance, medical coverage, disability insurance, tuition reimbursement, and flexible spending account (FSA) require more days of work to be qualified.
While associate discounts, corporate matching gift programs, backup dependent care, time-off, team Depot volunteer events, and more benefits require employees to work less to be eligible.
Therefore, you must work approximately 90 days to be eligible for all the benefits Home Depot gives to its employees.
Home Depot Orangelife
Home Depot Orangelife is an online portal where you can check the benefits and perks that you are qualified for if you are a Home Depot employee.
In the Home Depot Orangelife portal, you also get sufficient knowledge about all the benefits packages that Home Depot offers.
To access Home Depot Orangelife, you will need the username or ID and password that Home Depot gives.
You can log in to Home Depot Orangelife using your smartphone or computer. The benefits you are qualified for will be shown in the dashboard after logging in with your ID and password.
This online portal makes checking benefits and perks so effective and efficient for Home Depot associates.
What’s It Like to Work at Home Depot: Pros And Cons
Home Depot is a larger employer in the nation, and it hires thousands of associates each year. But, before getting hired, you should know the work environment of Home Depot.
Here are some pros and cons of working at Home Depot:
Pros of Working at Home Depot:
- A lot of useful employee benefits packages each employee qualified for which indicate Home Depot cares about its associate by giving various compensation and perks.
- Home Depot employees make from $20,856 to $131,247 per year, depending on the position. So, considering other employers, Home Depot pays well.
- You can choose to work in a variety of sectors of Home Depot, from sales to engineering.
- Working at Home Depot is always best for students and someone who is starting their career. By working at Home Depot, you can learn much about the industry and products that will help you grow your career in the long run.
- Home Depot’s well management ensures a professional environment in every location.
- Often, Home Depot gives employees training regarding various essential subjects, and that helps employees to grow their careers.
Cons of Working at Home Depot:
- Although Home Depot offers flexible work schedules, sometimes work schedules can be inconsistent. That can affect your lifestyle.
- Home Depot is a home improvement retailer, that’s why it stands to reason that employees need to move or carry heavy stuff; for that reason, their positions are very physically demanding, particularly in-store pistons.
- If you are working in any position in Home Depot store operation, then you have to work on Saturday and Sunday.
- Some Home Depot store managers can be rude and too bossy, but this is not the same scenario in all stores.
Home Depot Work-Life Balance
Based on employee reviews, it’s obvious to say Home Depot employees have a good work-life balance.
To ensure a great work-life balance, Home Depot provides various types of benefits and perks to its positioned associate.
As of today, The Home Depot offers associate discounts, adoption assistance, relocation assistance, tuition reimbursement, tax preparation discount program, corporate matching gift program, and more benefits to full-time, part-time, and salaried employees.
Also, depending on your position, you are also eligible for a customized paid time off (PTO) benefit.
The Home Depot does not require any long working hours; hence, you can maintain a good lifestyle while working full-time.
As a retailer, The Home Depot offers enough compensation to ensure a good work-life balance for everybody.
Does Home Depot Offer Health Insurance?
Yes, Home Depot offer health insurance to its associates. Home Depot only full-time and salaried employees are eligible for Health insurance.
And employees must work at least 90 days full-time to get medical or health coverage at Home Depot.
Does Home Depot offer Health Insurance to Part-Time Employees?
In short, Home Depot does not offer health insurance to part-time employees. Health coverage is only available for full-time and salaried employees.
But Home Depot offer life, vision, dental, and short-time disability insurance to part-time employees.
Conclusion
Home Depot employee benefits attract more talent and keep Home Depot a large employer in the United States.
Over the years, Home Depot has been consistent in offering more useful benefits and parks to the associates, especially full-time employees.
Home Depot provides financial, time-off, work/life, and group benefits, including four major benefits to the employees. Among various perks, life insurance, medical coverage, disability insurance, paid time off, retirement plan, and tuition reimbursement is notable.
So, with all the benefits and perks and competitive pay, you can work comfortably without worrying.
Avery is a writer for To Employee covering employee management, employee benefits, and job searching. Avery brings extensive experience in management, and career development. She is the founder of Toemployee.com and also head writer.