Have you ever wondered How Much Does GameStop Pay? As well as what it’s like to work there and what do the employees have to say?
You are not alone. Many people are curious about the wages of retail workers, especially given the current economic climate. So, let’s take an inside look at how much they pay their hourly employees.
So, find a comfortable chair and get ready to find out more…
- The History Of GameStop
- Job Positions In GameStop
- How Much Does GameStop Pay?
- State-by-State Comparison Of Wages
- How Much Do They Pay Part-Time Workers?
- Employee Benefits
- How Much Do Workers Make in Europe?
- The Pros And Cons
- Why Not Apply At GameStop Today!
- How Much Does GameStop Pay? – Final Thoughts?
The History Of GameStop
GameStop sells video games and entertainment software and was founded in 1994. The company operates more than 7,000 stores across the United States, Europe, Canada, and Australia. They are headquartered in Grapevine, Texas, and have more than 30,000 employees worldwide.
Recently the company was in the news for its role in the “GameStop short squeeze.” Investors were trying to drive up the stock price of the store so they could sell it at a higher price and make a profit. Online sleuths discovered that it was being heavily shorted by Wall Street hedge funds.
To make a long story short, the “short squeeze” caused the stock price of GameStop to soar and the hedge funds to lose billions of dollars.
Job Positions In GameStop
There are several different types of positions at the retailer. The most common position is the retail sales associate.
Retail sales associates are responsible for helping customers find the products they want, providing customer service, and ringing up purchases. Other positions include store managers, assistant store managers, customer service representatives, and corporate positions.
What Qualifications Do You Need to Work There?
To work at the store, you need to be at least 18 years old. Some positions may require you to be 21 years old or have a high school diploma or GED. Although you do not need any experience to work there, it is helpful if you have some customer service experience.
What is the Career Progression Like?
Unfortunately, GameStop does not have a particularly good reputation when it comes to career progression. Many employees feel that they are stuck in their position with no opportunity for advancement. Some employees have been with the company for years and have not received a promotion or raise.
This is one of the reasons why many people choose to leave the company after a year or two.
How Much Does GameStop Pay?
The company is notorious for underpaying its staff members. Staff are usually stuck at around $9 an hour with no room for negotiation and are not given raises frequently. In comparison to other retail companies, GameStop is on the lower end when it comes to wages. For example, Best Buy pays its employees an average of $15 per hour.
What about Under 18s?
The retailer does hire staff members under the age of 18, but they are paid even less than the adults. Employees under the age of 18 are typically paid minimum wage, which is around $7.25 per hour in most states. In some states, however, the minimum wage is higher.
State-by-State Comparison Of Wages
The hourly rate for entry-level workers will vary state by state, like most jobs, to account for the cost of living in that state. Therefore, the minimum wage will be given depending on the state.
The states that go by the federal minimum wage of $7.25 are Alabama, Louisiana, Mississippi, South Carolina, and Tennessee. The states with a minimum wage above $10 are California, Colorado, Illinois, Maine, Massachusetts, Minnesota, Nevada, New Jersey, Oregon, Rhode Island, and Washington. Overall, the Northeast and West Coasts have the highest minimum wage.
How Much Do They Pay Part-Time Workers?
GameStop does not offer any benefits to its part-time workers. This includes health insurance, paid time off, or retirement benefits. Part-time workers are also not eligible for bonus payments or stock options. But as they are paid hourly, they do get the same rate of pay as full-time staff.
But there are some advantages if you are a full-time employee; they are eligible for several benefits, including health insurance, dental and vision insurance, 401K, and retirement benefits. The video game store also offers a discount on store purchases and occasionally gives out bonus pay and stock options.
However, the company does not give paid vacation days or paid sick days.
How Much Do Workers Make in Europe?
You can find GameStop stores in Germany and Ireland; employees make around the same as they do in the United States. In Germany, the average hourly wage is €8.50, and in Ireland, it is €9.
What Do Employees Think Of Their Wages?
The vast majority of employees feel that they are underpaid. Many have left the company, and it has given the video game store a bad reputation. Some staff members feel that the retailer is taking advantage of them, as they are not paid enough and are not given many opportunities to advance in their careers.
There have also been reports of crazy hours around holidays, which can be over 100 hours a week. Additionally, when new games and consoles are released, hours can be increased to 60+ per week just to handle all the customer calls!
The Pros And Cons
Despite the reputation, there are some pros to working at GameStop, such as the employee discount and occasionally receiving bonus payments or stock options. In general, the hours can be relatively flexible, and as there are many stores, you are bound to live close to one, which can be convenient and cut down on commutes.
However, the store is known for underpaying its staff, and many feel that they are taken advantage of, which can lead to a high turnover rate. There are also reports of exceedingly long hours during major holidays and when there are new popular releases.
Management isn’t great either…
Unkind managers have also been an issue at selected stores, and to top it off, you do not even get first dibs on the latest games or consoles as they are given to customers first! All these factors considered, it may not be the best place to work, but if you love video games, it could be a dream come true.
How Do Wages Compare to Other Similar Companies?
When compared to other retail companies, they are on the lower end in terms of wages.
As mentioned, Best Buy pays its employees an average of $15 per hour, and Target pays its employees an average of $15 per hour. However, some retail companies pay their employees minimum wage also. These companies include Forever 21 and H&M. So, while GameStop is not the best paying company in the retail industry, there are some that pay their employees the same.
Why Not Apply At GameStop Today!
Fancy yourself a bit of a gamer? Then you’ll want to take a look at how to Score Your First Job As A Videogame Tester – A Step-by-step Guide to Starting your Career in the Gaming Industry, or perhaps, Game Testing: All in One, and how to Land a Job as a Video Game Tester, to see if that’s a career you’d like to pursue!
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How Much Does GameStop Pay? – Final Thoughts?
GameStop is a company that has long been known to underpay its employees. Many staff members also feel that they are not given enough opportunities to advance in their careers and are not compensated enough for their time and efforts.
There have also been reports of exceptionally long hours, which can be over 100 hours a week during major holidays and when new game consoles are released.
Despite the reputation, there are some pros to working at GameStop, such as the employee discount and occasionally receiving bonus payments or stock options. In general, the hours can be relatively flexible. However, if you are looking for a company that offers good wages and benefits, this retailer is not the place for you.
So, when it comes to the amount GameStop pays its staff members? Overall, it’s not enough!
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