Are you thinking about working at Home Depot? Home Depot is a great place to work. The company has been voted as one of the best places to work in America and they offer some amazing benefits that other companies don't provide.
As a Home Depot employee, you get a lot more than just a paycheck. It's not just about salary – it's also about perks! You might be missing out if you don't fully evaluate the benefits that you're getting before committing yourself to the company.
Don't worry though – we've done all the research for you so you can understand what comes with your employment. We'll tell you everything we know about the company's employee benefits policy so you can make an informed decision before joining. If you're thinking about working here, read on!
Benefits for Full-Time Hourly & Salaried Associates
Full-time and salaried employees of home depot working 40 hours a week are entitled to receive an array of benefits in addition to their paycheck. Below is a rundown of these benefits.
Medical
Worried about how much your health insurance plans will cost? Don’t worry because full-time Home Depot employees are provided with medical coverage. The medical insurance plan will depend on the state you live in as there are different medical carriers available per state.
The medical coverage includes prescription drug benefits and discounts, Teladoc 24/7 care services, Covid-19 support/resources, and healthy living discounts. The medical coverage extends to your dependents such as your spouse, children, domestic partner, same-sex partner, and other dependents.
Health Savings and Spending Accounts
You may be eligible to enroll in a Health Savings Account (HSA) and a health care Spending Account to help you pay for qualified medical expenses and avoid out-of-pocket expenses.
Dental
As an employee, you are entitled to dental benefits that cover preventative care, basic restorative care, and major restorative care. Your deductible will depend on the dental plan you are enrolled in.
Vision
Home Depot also provides its employees with vision benefits that include preventative care, retinal imaging, disposable contact lenses, lenses, and frames. The exact deductible will depend on the plan you are enrolled in.
Critical Illness Insurance
You get paid a lump sum amount if you or a covered family member is diagnosed with a critical illness including cancer, heart attack, and stroke.
Disability Insurance
You may be eligible to receive disability insurance if you become disabled due to an injury or illness.
Life Insurance
Full-time employees are eligible to receive life insurance benefits.
Accidental Death and Dismemberment (AD&D) Insurance
This benefit is paid if you or a covered dependent gets involved in an accident and the injuries resulted in death or loss of limb within a year of the accident.
Benefits for Part-Time Associates
Part-time and hourly employees of Home Depot are also eligible to receive benefits even if they are not working 40 hours a week. The benefits vary depending on the state you live in and the plan you are enrolled in.
Below are some of the benefits part-time employees may receive.
- Dental Insurance
- Vision Insurance
- Short-Term Disability Insurance
- Life Insurance
You have to check your plan to learn the exact details of the coverage you get as a part-time employee.
Financial Benefits
FutureBuilder 401(k) Plan
As a Home Depot employee, you can have a retirement savings plan and take advantage of tax savings as well as company matching contributions.
Employee Stock Purchase Plan (ESPP)
Home Depot offers you the opportunity to buy stocks of the company at a lower rate. You can purchase Home Depot stocks at 15% discount through payroll deductions.
Time-Off Benefits
Need some time off? Don't worry because Home Depot is one of the companies offering time-off benefits to their employees.
For example, if you get jury duty, does Home Depot pay for jury duty? Can you get time off? The answer is yes, you can get time off and you are eligible to receive pay for each day of your jury service.
As an employee of Home Depot, other time-off benefits you may get include the following:
- Vacation Days
- Holidays
- Personal / Sick Days
- Parental Leave
- Leave of Absence (including Military Leaves)
- Jury Duty
- Bereavement Days
Work / Life Benefits
Home Depot prides itself in providing comprehensive benefits, perks, and services that can offer its employees with great quality of life. Some of the work/life benefits that you can enjoy as an employee are the following:
College Prep
Thinking of continuing your college education? Home Depot offers college prep resources and support to help employees achieve their educational goals. You can also get a discount on tutors if you need academic help.
Tuition Reimbursement
Home Depot provides tuition reimbursements and scholarships, as well as reduced tuition costs at partner institutions and colleges.
CARE/Solutions for Life
You can avail of free resources and services to employees including face-to-face counseling, televideo counseling, return to work coaching, daily life assistance, legal and financial services.
Adoption Assistance
To assist eligible employees who want to adopt children, Home Depot gives reimbursement for certain adoption-related expenses.
Tobacco Cessation Program
Home Depot offers the Quit For Life program free of charge to help employees quit tobacco use.
Matching Gift Program
When you contribute or donate to an eligible charity, Home Depot will match that donation dollar-for-dollar.
Associate Discounts
Home Depot employees are eligible to get discounts on many top brands and products. You can get employee discounts on food, groceries, electronics, gym memberships, and more.
Other Benefits
Aside from the benefits mentioned above, Home Depot adds more perks and benefits for its employees. Some of the other benefits include:
- Commuter Benefits
- Sleep Resources
- Relocation Assistance
- Elder Care and Backup Care
- Road Companion Roadside Assistance
- Healthy Living Resources
- Volunteer Events
Group Benefits
Aside from the health insurance plan that you are eligible for, you also have the option to enroll in other plans for you and your family. You have to pay for these extra but you get a discounted rate on these plans as a Home Depot employee.
Legal Services Plan
You have the option to enroll in a legal services plan that will cover you and your dependents. The legal plan will cover estate planning, debt issues, identity theft, tax audit representation, elder law, family law, real estate, traffic matters, and more.
Auto / Homeowner Insurance
You may apply for auto, home, or renters insurance and receive a great rate/discount as an employee of Home Depot.
Veterinary Insurance
You may enroll in a pet insurance plan for your pets and get a special rate as a Home Depot employee.
Is Home Depot a Good Place to Work For?
If you are considering working for Home Depot, you are probably wondering whether it is a good company to work for. Based on rankings and reviews, we can say that yes, Home Depot is a good place to work.
Home Depot has been named as one of Fortune's Most Admired Companies for 2020, a Top-Rated Workplace in Retail by Indeed, and one of the Best Employers for Diversity in 2020 by Forbes.
There is also a great opportunity for growth as nearly 90% of their Store leaders started as hourly associates. Home Depot also employs more than 35,000 veterans.
These accolades as well as the extensive list of employee benefits make it an attractive company to work for.
Know Your Benefits as a Home Depot Employee
Home Depot offers a variety of benefits to its employees. Exact benefit details will depend on your position, your location, and the plans you are enrolled in. We hope that our blog gives you an overview of what benefits you may be eligible for if you work for Home Depot. You can also check out the Home Depot Career Page for a full list of current benefits on offer or contact the Home Depot Benefits center phone number below:
Home Depot Benefits Choice Center
Mon-Fri 9am – 7pm (EST)
1.800.555.4954
Aidan has been writing about personal finance for over 6 years. Prior to this, he worked as a Corporate Finance Analyst where he specialized in Due Diligence, Company Valuations and more. He is a CFA charterholder.
