{"id":3172,"date":"2026-07-09T22:08:28","date_gmt":"2026-07-09T22:08:28","guid":{"rendered":"https:\/\/hometransferguide.com\/?p=3172"},"modified":"2026-07-09T22:08:28","modified_gmt":"2026-07-09T22:08:28","slug":"costco-shows-that-you-can-build-a-thriving-business-with-one-simple-trick-pay-your-workers","status":"publish","type":"post","link":"https:\/\/hometransferguide.com\/?p=3172","title":{"rendered":"Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)"},"content":{"rendered":"
\n
<\/p>\n

Costco has revealed the \u201csecret weapon\u201d that continues to drive its business model, according to a Wall Street Journal (WSJ) report released Thursday \u2014 and it is as simple as paying its long-term workers well.<\/p>\n

Read more Anti-ICE Woman Found Beaten To Death \u2014 Alleged Suspect Is \u2018Asylum Seeker\u2019 She Met At Pro-Palestine Rally<\/a><\/p>\n

Costco ranks highly among retailers in wages for hourly workers, with top pay for roles such as cashiers at $32.90 per hour, according to the report. Its base hourly rate of $19.50 remains the highest base floor among large non-specialty retailers in the United States.<\/p>\n

Other similar retailers fall behind Costco, especially for non-skilled positions. Walmart\u2019s average hourly pay for field associates is $18.25, while its average hourly pay for supply chain associates is $27, according to its website. Lowe\u2019s pays most hourly workers between $15 and $24, with some Pro Customer Service specialists earning up to $28. Home Depot\u2019s hourly pay generally ranges from $15 to $26. Its highest hourly earners, skilled Pro Desk Associates, can earn up to $32.<\/p>\n

Costco has offered higher hourly wages for years to limit turnover and foster stable growth, the WSJ report said. Its founders hoped these efforts would reduce training costs for new hires and result in superior customer service. Turnover after a year of employment at the company remains at seven percent \u2014 small compared to a retail industry that averaged 60 percent turnover for frontline workers in 2022, according to a study performed by the McKinsey consulting firm. (RELATED: South Korea\u2019s Liberal Government Creates New Headaches For US Business)<\/strong><\/p>\n

Costco\u2019s investment comes at a time when the average lifespan of a Standard & Poor\u2019s 500 company \u2014 an index that includes the 500 largest and most influential companies in the country \u2014 has dropped to just 18 years, according to another study by McKinsey and cited by IMB. This is a 43-year decrease from the projected 61-year lifespan of an S&P 500 in 1958, the study added. McKinsey estimated that 75 percent of companies currently on this list will have vanished by 2027.<\/p>\n

<\/p>\n

Costco appears to be bucking this trend, with annual sales that have increased for almost two decades. The retailer\u2019s stock has also grown by over 2,000 percent since a low of approximately $40 per share after the 2008 recession, climbing to around $953 per share Wednesday, according to the WSJ report. According to the Los Angeles Times, only about a third of Costco\u2019s sales come from imported goods.<\/p>\n

Read more Camera Operator Accidentally Reveals Alleged Handwritten Admission of Guilt From Tyler Robinson<\/a><\/p>\n

Gary Millerchip, the retailer\u2019s chief financial officer, said that the retailer\u2019s business model of long-tenured workers and steady growth is cheaper in the long term. This investment keeps workers around for a long time and provides \u201ca pipeline of employees coming behind that group that also are building that level of experience\u201d when they finally retire, Millerchip said. It also results in \u201cmany thousands\u201d of Costco\u2019s U.S. hourly workers having accumulated over $1 million in their 401(k) accounts.<\/p>\n

Tony Barzar, a typical long-tenured worker at a Costco in Tucson, Arizona, earns $32.90 an hour as a Costco cashier, according to WSJ. Barzar began working for Costco in 1993, when the company bought out the membership warehouse he worked at. Now, his retirement savings have grown to over $1 million. Costco insurance, part of the company\u2019s benefit program, has also covered three surgeries his wife had to undergo for brain cancer.<\/p>\n

<\/p>\n

A 2023 study conducted by consulting firm McKinsey confirms that happier employees tend to remain with a company longer and lead to happier customers. The study, which focused on customer and employee reviews of over 100 retailers, revealed that retailers with the top 25 percent of highest employee-satisfaction scores were over twice as likely to also be in the top 25 percent of customer-satisfaction scores.<\/p>\n

The consulting firm estimated that a frontline employee deciding to leave costs a company an average of $10,000. \u201cMultiplied over thousands of employees and several years, the drag on a retailer\u2019s bottom line can be significant,\u201d the firm said. \u201cRetail leaders, and their investors, will benefit from treating employee attrition issues with the same intensity as they do other customer-facing opportunities.\u201d<\/p>\n

Read more Here\u2019s Why Judge Blocked Virginia\u2019s Gun Ban<\/a><\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Costco has revealed the “secret weapon” that continues to empower its thriving business model \u2014 and it is as simple as paying long-term workers well.<\/p>\n","protected":false},"author":1,"featured_media":3171,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3168,3169,3170,3171,3172],"class_list":["post-3172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting","tag-costco","tag-employee-benefit","tag-investment","tag-mckinsey","tag-salary"],"yoast_head":"\nCostco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers) - Home Transfer Guide<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hometransferguide.com\/?p=3172\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers) - Home Transfer Guide\" \/>\n<meta property=\"og:description\" content=\"Costco has revealed the "secret weapon" that continues to empower its thriving business model \u2014 and it is as simple as paying long-term workers well.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hometransferguide.com\/?p=3172\" \/>\n<meta property=\"og:site_name\" content=\"Home Transfer Guide\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-09T22:08:28+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=3172#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=3172\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/#\\\/schema\\\/person\\\/47c12a8611db56d3441574d894569529\"},\"headline\":\"Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)\",\"datePublished\":\"2026-07-09T22:08:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=3172\"},\"wordCount\":711,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=3172#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/hometransferguide.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/f1b577f8e2d6b33c79a3f73848329057.webp\",\"keywords\":[\"costco\",\"employee benefit\",\"investment\",\"mckinsey\",\"salary\"],\"articleSection\":[\"Interesting\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/hometransferguide.com\\\/?p=3172#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=3172\",\"url\":\"https:\\\/\\\/hometransferguide.com\\\/?p=3172\",\"name\":\"Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers) - Home Transfer Guide\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=3172#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=3172#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/hometransferguide.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/f1b577f8e2d6b33c79a3f73848329057.webp\",\"datePublished\":\"2026-07-09T22:08:28+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/#\\\/schema\\\/person\\\/47c12a8611db56d3441574d894569529\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=3172#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/hometransferguide.com\\\/?p=3172\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=3172#primaryimage\",\"url\":\"https:\\\/\\\/hometransferguide.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/f1b577f8e2d6b33c79a3f73848329057.webp\",\"contentUrl\":\"https:\\\/\\\/hometransferguide.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/f1b577f8e2d6b33c79a3f73848329057.webp\",\"width\":1280,\"height\":549},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/?p=3172#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/hometransferguide.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/#website\",\"url\":\"https:\\\/\\\/hometransferguide.com\\\/\",\"name\":\"Home Transfer Guide\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/hometransferguide.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/hometransferguide.com\\\/#\\\/schema\\\/person\\\/47c12a8611db56d3441574d894569529\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/hometransferguide.com\"],\"url\":\"https:\\\/\\\/hometransferguide.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers) - Home Transfer Guide","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/hometransferguide.com\/?p=3172","og_locale":"en_US","og_type":"article","og_title":"Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers) - Home Transfer Guide","og_description":"Costco has revealed the \"secret weapon\" that continues to empower its thriving business model \u2014 and it is as simple as paying long-term workers well.","og_url":"https:\/\/hometransferguide.com\/?p=3172","og_site_name":"Home Transfer Guide","article_published_time":"2026-07-09T22:08:28+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/hometransferguide.com\/?p=3172#article","isPartOf":{"@id":"https:\/\/hometransferguide.com\/?p=3172"},"author":{"name":"admin","@id":"https:\/\/hometransferguide.com\/#\/schema\/person\/47c12a8611db56d3441574d894569529"},"headline":"Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)","datePublished":"2026-07-09T22:08:28+00:00","mainEntityOfPage":{"@id":"https:\/\/hometransferguide.com\/?p=3172"},"wordCount":711,"commentCount":0,"image":{"@id":"https:\/\/hometransferguide.com\/?p=3172#primaryimage"},"thumbnailUrl":"https:\/\/hometransferguide.com\/wp-content\/uploads\/2026\/07\/f1b577f8e2d6b33c79a3f73848329057.webp","keywords":["costco","employee benefit","investment","mckinsey","salary"],"articleSection":["Interesting"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/hometransferguide.com\/?p=3172#respond"]}]},{"@type":"WebPage","@id":"https:\/\/hometransferguide.com\/?p=3172","url":"https:\/\/hometransferguide.com\/?p=3172","name":"Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers) - Home Transfer Guide","isPartOf":{"@id":"https:\/\/hometransferguide.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/hometransferguide.com\/?p=3172#primaryimage"},"image":{"@id":"https:\/\/hometransferguide.com\/?p=3172#primaryimage"},"thumbnailUrl":"https:\/\/hometransferguide.com\/wp-content\/uploads\/2026\/07\/f1b577f8e2d6b33c79a3f73848329057.webp","datePublished":"2026-07-09T22:08:28+00:00","author":{"@id":"https:\/\/hometransferguide.com\/#\/schema\/person\/47c12a8611db56d3441574d894569529"},"breadcrumb":{"@id":"https:\/\/hometransferguide.com\/?p=3172#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/hometransferguide.com\/?p=3172"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/hometransferguide.com\/?p=3172#primaryimage","url":"https:\/\/hometransferguide.com\/wp-content\/uploads\/2026\/07\/f1b577f8e2d6b33c79a3f73848329057.webp","contentUrl":"https:\/\/hometransferguide.com\/wp-content\/uploads\/2026\/07\/f1b577f8e2d6b33c79a3f73848329057.webp","width":1280,"height":549},{"@type":"BreadcrumbList","@id":"https:\/\/hometransferguide.com\/?p=3172#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/hometransferguide.com\/"},{"@type":"ListItem","position":2,"name":"Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)"}]},{"@type":"WebSite","@id":"https:\/\/hometransferguide.com\/#website","url":"https:\/\/hometransferguide.com\/","name":"Home Transfer Guide","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/hometransferguide.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/hometransferguide.com\/#\/schema\/person\/47c12a8611db56d3441574d894569529","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/hometransferguide.com"],"url":"https:\/\/hometransferguide.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/hometransferguide.com\/index.php?rest_route=\/wp\/v2\/posts\/3172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hometransferguide.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hometransferguide.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hometransferguide.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hometransferguide.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3172"}],"version-history":[{"count":0,"href":"https:\/\/hometransferguide.com\/index.php?rest_route=\/wp\/v2\/posts\/3172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hometransferguide.com\/index.php?rest_route=\/wp\/v2\/media\/3171"}],"wp:attachment":[{"href":"https:\/\/hometransferguide.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hometransferguide.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hometransferguide.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}