Best Buy Compensation Employee Reviews | Comparably
Best Buy Claimed Company
Best Buy is a multinational retailer of technology and entertainment products and services offering consumer electronics and more. read more
EMPLOYEE
PARTICIPANTS
1257
TOTAL
RATINGS
13162
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Best Buy Compensation Employee Reviews

What is the best part about your compensation package?

Bonus (STI) pay is substantial even for entry level.

Posted 5 days ago

PTO hours are generous even after only being employed for a short few years. They however do expire and it is use it or lose it.

The Inssurance Best buy gives us and skills se learn

Review from Sales Dept

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Transparency of how pay is determined

Review from HR Dept

Had great benefits with 401k and PTOs. Best Buy cares about me and my family a lot!

I have a good amount of PTO, and I can purchase more.

Salary plus commission for consultant positions. Rewards for doing well without penalties for not meeting goals.

Affordable health care for employees

We get a lot of PTO starting out and don't need to accrue it, it is fully available from the first day. Pay is good, especially for a fresh grad.

There are so many benefits when I started I was handed a 25 page book and they've added more since.

Bonus, its the big bonus'

180 hours of PTO is nice

Review from Marketing Dept

Everything about it is the best

It is easily negotiable with higher ups

Knowing that we are took care of.

Pay, PTO, and Healthcare d

For exempt employees, an advantageous cash bonus structure but it's only paid out once per year and no longer has individualized incentives

The time off, pay rate, and PTO are really the selling point for me. Its just better than everything else locally that ive worked at.

Annual bonus and commission environment

Why do you feel undervalued and what would make you feel better about your compensation?

Overall my expenses exceed my income.

Getting paid for my level of experience and my results. Having insurance plans that arent insanely expensive per paycheck with premiums too expensive to use. Not being hired for my technical knowledge and then forcing me to sell while im in someones home to setup things theyve already purchased.

Took away commissions now just base salary

Review from Sales Dept

Im part time so i dont really rhink i get many beneifrs yet

Sometimes, it would be nice if there was a bonus based on performance or maybe some commission

First off you should be able to cash out your pto. You earned it. Second you should be able to use pto at anytime. Not this we choose for you. This lead to people calling in sick because they didnt get there pto.

Feels like every other position in the store gets some kind of praise/gratitude

More staff & more pay

Higher rate of hourly wage; both permanently and at this moment (summer of 2022) a cost of living increase to match the cost of gasoline used to commute.

Review from Design Dept

Unionization would be absolutely ideal

One: Best Buy medical insurence is a joke. Little to no coverage, but, hugh cost to employee. Two: Upping everyone to $15 an hour is great when done correctly. However, thisnwas done to fulfill some progressive public image. The pay tiers havent been redone, and regular employees can't get raises

Yes I surely do feel not valued

an increase no longer capping the raises at 2% and only one a year

The job is based on how well you sell but it is impossible to get a raise even if you are #1 in your store they expect you to do everything without any benfits

Review from Sales Dept

A raise more in line with the experience/skills I possess

Hourly managers quite often have even more significant workloads but no possibility of salary

Supervisors have had specialty titles stripped and are now generic retail supervisors. Workload has doubled during pandemic, but pay has not increased. They have raises to part timers but not upervisors with more skill and tenure.

That they would have better compensattions for part times, because we wotk just as hard

I am currently in a Hourly Area Supervisor position and I do not see very much of a difference in what I am doing to an Area Manager. At least not enough to equate to the difference in pay.

Review from Operations Dept

I am in a specialty position that I had to take extra classes for and I get paid as much as a cashier

Review Sentiment at Best Buy

71
71%
29
29%

About Best Buy's Compensation

C+
65/100

Where This Score Ranks Best Buy's Compensation

TOP
50%

In the Top 50% of 1310 similar size companies on Comparably

TOP
50%

In the Top 50% of 69 companies in Minneapolis

4th

4th place versus 5 competitors rated on Comparably

678 employees at Best Buy score their wages and compensation a C+ on average. As a testament to this, when employees are asked “Do you believe you're paid fairly?”, 55% say Yes. The Finance department is the most satisfied with their compensation, ranking it 78/100, a full 23 pts above the Admin department. If you want detailed data about Best Buy's wages, see the <a href="https://www.comparably.com/companies/best-buy/salaries">wage breakdown by department, job titles, locations, and more.</a>

Rate Compensation the Highest

  • Tenure - 5 to 10 Years
    +15%
  • Department - Finance
    +13%
  • Department - Operations
    +10%

Rate Compensation the Lowest

  • Gender - Non-Binary
    -21%
  • Ethnicity - Native American
    -15%
  • Ethnicity - Other
    -11%

How Best Buy's Compensation Score is Calculated

FILTER RATINGS BY

Results from 678 Employees in All Departments, All Genders, All Ethnicities and All Yrs. Experience Experience

AnswerPercent
Yes55%
No45%
Do you believe you're paid fairly?
AnswerPercent
Yes66%
No34%
Are you satisfied with your Benefits?
AnswerPercent
Yes60%
No40%
Does your company give annual bonuses?
AnswerPercent
Every 6 months or less10%
Every year69%
Every 2 years6%
Every 3 years or more3%
Never12%
How often do you get a raise?
×
Rate your company