Best Buy Employee Discounts (Discounts, Perks, Products & More)
Best Buy, America’s leading electronics retailer, offers its employees a variety of rewards programs, benefits and discounts to keep them motivated and satisfied at work.
So if you’re a Best Buy employee looking for benefits, you might be wondering – what is the Best Buy employee discount and how do you use it? Here’s what I found!
best buy employee discount
Best Buy offers its employees a generous discount of the cost + 10%. If the product retails for $500 and Best Buy pays $250, the discounted price is $275. In most cases, this could be a 20% – 60% discount, depending on the product. Workers must also be employed for 3 months before receiving the discount.
If you’d like to learn more about Best Buy’s employee discount program, how to see employee discounts, and how much discount you can get as an employee, keep reading!
Is there a discount for Best Buy employees?
Part-time and full-time Best Buy employees alike can enjoy exclusive discounts on a variety of products at the electronics retailer.
Products eligible for the employee discount include some TV brands, audio equipment and Android phones.
In addition to these items, Best Buy’s employee discount also applies to tech services provided by Best Buy’s Geek Team.
Note that certain products, such as Apple products and gaming systems, are not eligible for the Best Buy employee discount, so employees must purchase at retail prices.
Additionally, to purchase Best Buy products at employee discount prices, you must have worked at Best Buy for at least 3 months.
How much discount do Best Buy employees get?
Best Buy associates must pay Cost + 10% of the cost based on how much Best Buy paid the original manufacturer for the item.
For example, if an item retails for $100 and Best Buy buys it for $50, an employee at Best Buy can buy it for $55 ($50 cost + 10% markup: $55), or The discount is $45. These are crazy savings!
Please note that Cost of Goods Sold (COGS) is considered sensitive information and is not available to the public and is therefore only available to Best Buy employees.
How do I view my Best Buy employee discounts?
If you are a Best Buy employee, you can view your Best Buy employee discount through your personal Best Buy account.
Simply log into ETK (Employee Toolkit Access) and click on the Personal tab to view all available discounts.
Remember, Best Buy requires your employee identification number before it can verify your discount.
Also, because of the ETK, you can only view employee discounts using a computer in the store where you work to prevent discount abuse or impersonation.
Best Buy may deny you access to the employee portal if you attempt to log into your employee account from another location.
How can I get employee discounts at Best Buy?
To use your employee discount, you must present your employee ID to allow Best Buy to process your employee discount faster when shopping in-store and online.
If you shop in-store, the salesperson will instruct you on how to get the employee discount.
However, if you shop online with a Best Buy employee account, the system will automatically discount every item you put in your cart.
What benefits do employees get at Best Buy?
Best Buy employee benefits include employee discounts, competitive compensation incentive packages, and other opportunities that depend on employee choice and flexibility.
Available packages focus on the overall wellbeing of employees and are grouped into the following different categories:
Benefits of employee financial benefits include:
- employee discount
- incentive pay
- employee stock ownership plan
- 401(k) retirement savings plan
- life insurance
- AD & D insurance
- Employee Assistance Program
- Short and long term disability insurance
Here are the benefits of focusing on your physical and mental health:
- Behavioral Health Insurance
- Medical and Prescription Drug Insurance
- critical illness insurance
- maternity benefits and paid time off
- Mental Health Counseling and Resources
- Employee Assistance Program
Benefits that focus on employee social well-being and personal development include:
- paid vacation
- commuter benefits
- bereavement leave
- legal service
- identity protection
- pet insurance
- Caregiver pays for child parentage or home care
- Tuition Assistance and Discounts
Note that eligibility for these benefits depends on employment status (full-time or part-time), length of service, and your position with the company.
Now that you know about Best Buy’s employee discounts, you can also check out our related posts about Best Buy’s employee dress code, Best Buy drug testing and where to buy Best Buy gift cards.
in conclusion
Best Buy offers its employees exclusive discounts and other perks to keep them motivated and satisfied at work. The discount is structured so that employees only pay the original cost price of the item plus 5% of that cost price.
These discounts are available to full-time and part-time employees who have been with Best Buy for at least 3 months.
