Pricesmart

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About the Company

PriceSmart is the largest operator of Membership warehouse Clubs in Central America, Colombia and the Caribbean serving over 3 Million cardholders at 49 owned and operated warehouse Clubs in 12 countries and 1 US territory. PriceSmart was founded by Sol Price with the first warehouse Club opened in Panama in 1997 and today employs over 10,000 employees. The PriceSmart business locations worldwide are supported by a Distribution Centre and offices in Miami Florida along with Corporate offices located in San Diego California.

Our Certifications

See what we've been awarded.

2022

Certified Company
Certified Company
2022

2021

This company has not yet been certified in this year
Company Headquarters

Headquarters location:

PriceSmart Inc
9740 Scranton Rd, San Diego CA

Company Headquarters

Industry:

Retail


Company Headquarters

Company CEO's name:

Sherry S. Bahrambeygui

Company Headquarters

Number of employees:

10000 +

Life in our company

See What It Is Like to Work Here

Why Pricesmart IS A MOST LOVED WORKPLACE®

Systemic Collaboration

EMPLOYEES COLLABORATE THROUGHOUT OUR COMPANY BY …

Employees collaborate throughout our company by participating in cross functional groups working on variety of projects that provide sustainable efforts in reducing pain points throughout the processes within the organization. Additionally, departmental and divisional group meetings are attended and supported across various functions to ensure that there is organizational alignment.

Positive Vision of the Future

EMPLOYEES AT OUR COMPANY HAVE A POSITIVE VISION FOR THE FUTURE BECAUSE …

Employees at our company have a positive vision for the future because our organization engages in frequent communication that conveys performance, plans, and future direction thereby allowing all employees to participate in sharing and understanding the short and medium term goals of the company. Further, the rapid growth trajectory results in upward and lateral mobility across functions for employees thus creating rewarding career paths.

Company Respect

WE SHOW RESPECT AND ENSURE THAT ALL VOICES ARE HEARD AND IDEAS ARE VALUED THROUGHOUT THE COMPANY BY …

Ensuring that there is an open door policy which facilitates interaction between management and employees. We also create structured forums where collaboration, feedback and idea generation is encouraged bolstered by our strong Ethics and compliance programs which facilitates and encourages feedback from employees both identifiable or anonymous.

Company Support / Killer Outcomes

WE SUPPORT OUR EMPLOYEES IN ACHIEVING THEIR PROFESSIONAL AND PERSONAL GOALS BY …

Providing learning and educational assistance that assists in subsidizing the costs of professional or College programs. In addition, we provide access to world class training content through our Talent Management initiatives thereby exposing our employees to continuous teaching and development.

Alignment of Values

OUR COMPANY’S VALUES ARE ALIGNED WITH OUR EMPLOYEES BECAUSE …

We live the ethos of our company values day in and day, aligning those values through our performance reviews and feedback mechanisms. Concurrent with this we actively demonstrate a “people first” approach ensuring that there are forums which for open and honest dialogue strengthened by constant reinforcement through teaching & development that align with the value expectations that forms our culture.

Company Practices / Love

PROGRAMS AND PRACTICES WE GIVE TO OUR EMPLOYEES THAT CREATE A LOVED WORKPLACE ARE …

We created benevolent programs that allow employees to give back to the societies where they live and work. We have also created strong employee engagement programs that recognizes and celebrates personal achievements and milestones as well encourages recognitions of attainment of team goals and aspirations. Additionally, we provide an international Employee Assistance Program accessible everywhere we do business to support our employees well being both physical and mental as the need arises. Our culture embraces diversity and inclusivity allowing employees individual expressions of self.

CEO Strengths

OUR CEO SERVES AS A MODEL OF OUR COMPANY VALUES BY …

Constantly reinforcing the need for a people centric approach, ensuring that employee needs are front and center of every conversation, fostering a high performance culture that rewards results and innovation whilst galvanizing the organization around a shared vision for the future built on our collective achievements

Benefits

EXAMPLES OF UNIQUE BENEFITS, BONUS, OR COMPENSATION WE PROVIDE ARE …

In PriceSmart we offer a very comprehensive compensation and benefits package for the US including:
Medical and Prescription Plan; Dental Plan; Vision plan; Health Savings Account (HSA); Flexible Spending Accounts (FSAs); Core Basic Life and AD&D Insurance; Optional Life Insurance; AD&D Insurance; Long-Term Disability Coverage (LTD); Health Advocate; Employee Assistance Program (EAP); Business Travel Assist; Aflac; ASPCA Pet Health Insurance; Retirement plan (401K); Paid Vacation Days; Paid Holidays & Sick Days.
Some Key and unique compensation and Benefit offerings are:
 All PriceSmart employees (regardless of the level) are eligible to a variable bonus to share the success.
 All PriceSmart employees (regardless of the level) are eligible to receive an Equity Grant (stock plan).
 There is no waiting period for Benefit enrollment.
 We offer a very low-cost share on Benefits.
 EE’s have multiple Benefit options to choose from based on their individual needs.
 We offer a cash-Out option in lieu of medical benefits.
 Company contributes annually into employees HSA (if high deductible insurance selected)
 FSA contribution match.
 401K plan with automatic company contributions, additional company match contributions and no cliff or vesting period. 401K also offers optional ROTH contributions.
 Holidays above Market practice.
 After 1 year of service company offers a very competitive sick leave policy (up to 90 days of salary continuation for any qualifying medical condition)
 Aflac insurance offering additional coverage for Personal Accident Indemnity, Short-Term Disability, Cancer, Critical Illness, Hospitalization & Supplemental Dental.
 Optional life insurance coverage for direct family members (legal partners and children under certain age)
 We are currently working on Launching an Identity Theft/ Credit monitoring Benefit for all Employees in the US company sponsored or with a low cost based on level.

Our response to COVID-19

We have provided a number of measures across our organization to support our employees during the pandemic. These included physical alterations to our offices to create safe work spaces , the introduction of remote work for some functions, the free provision of PPE for employees and their families as well as platforms to assist with their mental wellbeing and the ability to cope. Further, we provided on site vaccinations and time off to receive vaccines for those employees who chose to be vaccinated along with the ability to continue learning and development initiatives via use of agile platfoms.