Starbucks ranks #7 in Fortune mag's "2008 Best Places to Work"
Fortune's "what makes it so great?" explanation isn't very meaty; it just says: "Rapid expansion led to a difficult year, but the stock rose 9% on January news that founder Howard Schultz is taking over the CEO post." No mention of benefits? Free coffee? Nothing like that? (Read the Fortune story via Yahoo Finance)
Pat Nerr linked to a different site that gave more info. Greenapronstories.com
http://money.cnn.com/galleries/2008/fortune/0801/gallery.bestcos_top50.fortune/7.html
It gives more information as to salary and benefits, but as I've seen in the past, it's not all-inclusive. Salaries and benefits are based on store managers and coordinators, apparently.
Posted by: SSinSA | January 23, 2008 at 12:19 PM
Actually... this was the link:
http://money.cnn.com/magazines/fortune/bestcompanies/2008/snapshots/7.html
Posted by: SSINSA | January 23, 2008 at 12:20 PM
SSINSA, Read my post; the link you submit is in it.
Posted by: STARBUCKS GOSSIP webmaster | January 23, 2008 at 12:24 PM
I must not be looking in the right place. Either way, I agree that Fortune doesn't showcase the best of Starbucks
Posted by: SSINSA | January 23, 2008 at 01:16 PM
That was my best 2008 resolution so far - to quit Sbux ! Forbes, r u sure ? :P
Posted by: ex-B | January 23, 2008 at 02:05 PM
Too bad a chunk of partners will no longer be "separated" from good old #7 in the not-too-distant future.
Posted by: J | January 23, 2008 at 02:31 PM
That's BS.
Posted by: | January 23, 2008 at 03:06 PM
What a sham... In arguably their worst year ever with more tenured folks up and leaving (which should be reflected in next years' results) Starbucks has managed to move UP the list. I'm still struggling with how they figure that 11.5% of an employee's time is spent on professional development.
In my time with the group putting together the submission, it was alot of running around and making up numbers and stats... it was always last minute too... We'll see how they fare in Training Mags Top 100 this year... that'll be a hoot
Posted by: Pat Nerr | January 23, 2008 at 03:43 PM
Your are right "PartNer" Pat Nerr! Starbucks is famous for high retention stats for store partners, but does poorly with it's mid and upperlevel execs. Directors and VP's are a dime a dozen and know the meaning of the "proverbial" revolving door at the regional and Seattle support centers.
Posted by: | January 23, 2008 at 07:58 PM
Gosh, being #7 must stick in the craw of the malcontents. Sorry Pat. #7. No lies or fibs. Fortune gets survey responses from several hundred partners, most of whom are from the stores, directly. You can await the Training Mags, but really, who cares?
Posted by: | January 23, 2008 at 09:39 PM
And they're nothing but a pain in the ass when they set foot in any of the stores.
Posted by: Bill | January 23, 2008 at 11:08 PM
We had an RDO that sang when he came into the stores, I wanted to punch him in his F****N face.
Posted by: oliversash | January 24, 2008 at 08:51 AM
I can explain exactly why our positioning has gone up. We lost some bitter, bitter beans in the last 12 months. And we've shed the dead skin. I think our partners today recognize the value in working for our company. It actually makes perfect sense to me.
Posted by: SoCalSnowBunny | January 24, 2008 at 12:37 PM
ummm... socal... If that's true, then they should move up even more next year. I'll keep in touch until then... can't wait to see the look on your face, I mean post
Posted by: Pat Nerr | January 24, 2008 at 03:31 PM
Hey, I can see *$ being number seven... I like working here! Great benefits: free drinks, free pound of coffee every week, and stock options!
Posted by: MusicGal | January 25, 2008 at 01:51 PM
Yeah. Those stock options sure are great. :/
Posted by: Lilith | January 25, 2008 at 03:16 PM
it's time to start treating SBUX stock options like they do XMAS Blend...
hmmm... it reminds me of 1997's options... but with a bit more spice.
and...
Holy Crap!!! 2007's options taste like sh*t!
Posted by: Pat Nerr | January 25, 2008 at 03:45 PM
See what I mean about bitter beans? :)
And I can confirm that I spend more than 11.5% of my time on my professional development. In fact, I have been more professionally developed by simple on-the-job training here than at any of my previous companies. I have reflected on my skills and talents and have grown and can speak to my growth. That's how I know I've been developed. And I continue to develop.
And Pat, what "group" did you work with that you speak of? Putting together "the" submission? The surveys are submitted directly to the employees, and the responses are captured by the Institute running the survey.
Posted by: SoCalSnowBunny | January 25, 2008 at 06:49 PM
Would any of you Starbucks connoisseurs be interested in helping an MBA student find out information about the internal structure of Starbucks? It is quite difficult to get info that can illustrate how they are organized in terms of employees, middle management, upper management, exec level, geographical divisions, processes, etc.
This will help me asses the changes that are going on in the company.
Posted by: Karen | January 26, 2008 at 05:27 AM
I love my job. That's all I have to say. I don't know anyone in my life that finds so much happiness in their work with so few real complaints. I spend 11% of my time on my development, because I make it happen!!! The tools are there, use them. I for one am happy to take some stock at 18 bucks or less a share, I am confident that it will rise once again!
Posted by: christin | January 27, 2008 at 06:52 PM
I've been at Starbucks for six months. The first three were really tough, but I was catching on. Then, my benefits started kicking in and thanks to my other jobs (plural) I had enough money. I got an award for "most improved" and a pretty good six month review...only now I seem to be getting about half as many hours as our newest partner and I am rapidly losing my religion. WTF!
Posted by: tootsie | January 31, 2008 at 08:16 PM
Most SBX employees I run into sound like a bunch of disgruntled UPS drivers. Always pissed at something to do with their jobs or the company. But they keep going back every day. Lemmings.
Posted by: ledog3 | February 03, 2008 at 10:37 AM