What Is The Salary Of Rite Aid Employees?

In 2024, the average salary for Rite Aid Corp employees was $75,290, with an average base salary of $117k and an average bonus of $19k. The average salary ranged from $25k to $298k, with an average hourly pay of $37,918. Rite Aid employees earn an average of $16.15 per hour, with hourly pay ranging from $11.27 per hour for Cashier/Sales to $59.87 per hour for Staff Pharmacist.

The average compensation for a Rite Aid employee is $128,323 per year. Ladders estimates are based on calculations, with hourly pay ranging from approximately $11.27 per hour for Cashier/Sales to $59.87 per hour for Staff Pharmacist. The average salary ranges from approximately $16,000 per year for Associate to $151,798 per year for District Leader.

Rite Aid Corp pays its employees an average of $15.93 an hour, with hourly pay ranging from $11.07 to $31.48 an hour. Hourly pay at Rite Aid Pharmacy varies from $11.44 to $26.58 an hour. As of Sep 11, 2024, the average hourly pay for a Rite Aid Pharmacy in the United States is $20.69 an hour.

In California, the average hourly pay for a Rite Aid Pharmacy is $39,000 per year or $18.75 per hour. Entry-level positions start at $29,250 per year, while most experienced workers earn an average of $20.70 an hour. Overall, Rite Aid Corporation’s salaries are not well-paying, with some employees earning as much as $83,000 per year.

How does Rite Aid make money?

Rite Aid’s Retail Pharmacy segment generated the majority of its revenue in Q1 2022, accounting for 69. 30 of the company’s total revenue, amounting to $4. 27 billion. The company’s revenue grew by 6. 08 yearly compared to $4. 01 billion in Q2 2022, but declined by 1. 83 quarterly. Rite Aid Corporation is a leading provider of healthcare services and retail pharmaceutical goods to over 1 million Americans.

Its pharmacy welfare and services company, Elixir, offers advanced technology, settlement software, postal delivery, advanced pharmacy services, network and rebate management, treatment discount programs, and medical insurance for individuals and groups.

Elixir provides pharmacy aids and services to over 3 million customers nationwide. The company is well-positioned with mid-market employers and local health plans looking for an alternative to large, health plan-associated pharmacy benefit managers (PBMs). Elixir’s link with Rite Aid stores allows it to advance its competitive position, deliver excellent retail and mail-order pharmacy facilities, and contribute to positive health outcomes. Elixir presents a significant growth opportunity for Rite Aid.

What is the Rite Aid scandal?

Rite Aid, founded in 1962 as Thrift D Discount Center, faced an accounting scandal in 1999 when it began restating earnings due to accounting irregularities. Six former Rite Aid senior executives were convicted of conspiracy in 2003 for accounting fraud and false filings with the SEC. The company changed its name to Rite Aid Corporation in 1968 and moved its stock to the New York Stock Exchange in 1970.

Rite Aid’s growth was marked by acquisitions like Envision Pharmaceutical Services in 2015 and two merger deals with Walgreens and Albertsons. Former Rite Aid executives admitted to overstating net income between 1997 and 2000.

How much does Rite Aid pay in New York?

Rite Aid in New York State offers an average hourly pay of $13. 27 per hour for Customer Service Associate / Cashier to $58. 27 per hour for Staff Pharmacist, and $15, 000 per year for Cashier/Stocker to $134, 908 per year for Pharmacy Manager. These figures are based on 128 data points collected from employees, users, and job advertisements on Indeed in the past 36 months. The minimum wage may differ by jurisdiction, and actual salary figures should be sought from the employer.

How much does a Rite Aid cashier make in California?

The mean hourly wage for a cashier employed at a Rite Aid establishment in the state of California is $24. 23, which represents a 79% premium relative to the national average.

What is the highest paid Cashier?

The highest hourly salary for cashiers is offered in New York, NY, at a rate of $16. 22, followed by Chicago, IL at $16. 22, Austin, TX at $15. 48, Philadelphia, PA at $14. 31, and Atlanta, GA at $14. 15.

How old do you have to be to work at Rite Aid in PA?

Individuals seeking employment at Rite Aid Stores in Philadelphia, Connellsville, and Oneonta, New York, are required to be at least 18 years of age. The benefits package includes competitive health insurance plans, paid time off, a 401(k) matching program, and opportunities for career advancement. The stores are situated in Philadelphia, Pennsylvania; Connellsville, Pennsylvania; and Oneonta, New York.

What is a good starting salary in PA?

Pennsylvania’s average salary is $77, 664 per year, or $37. 34 per hour, with entry-level positions starting at $41, 600 and most experienced workers earning up to $149, 953 per year. UPS Tractor Trailer Drivers, also known as Feeder Drivers, are part of a national team and drive tractor trailers between locations or to customers. Amazon Fulfillment Center Warehouse Associates work in the Amazon warehouse team, preparing orders for customers relying on Amazon services. These fast-paced roles take place in various areas, including merch, make-on-demand, customer returns, Prime Now, and general fulfillment.

What is the most a Walmart Cashier can make?

The mean annual salary for a cashier employed at a Walmart store in the United Kingdom is £26, 300, with an additional cash compensation of £3, 814, ranging from £795 to £18, 302. This salary estimate is based on a sample of 3, 195 anonymous salary estimates submitted by employees in the UK. The mean base salary is £21, 000, with a standard deviation of £4, 000.

Why did Rite Aid fail?

Rite Aid, a leading pharmacy chain, has experienced a decline in its market share due to rising healthcare costs and stagnant revenue. The company’s debt has accumulated nearly $3 billion in net losses since 2018, limiting its ability to invest in store renovations. The rise of online threats from Amazon and in-store pharmacies at major chains like Walmart and Kroger further undermined Rite Aid’s competitiveness.

Fitch Ratings analyst David Silverman explains that the company’s limited ability to invest in improvements led to its continued decline. However, the pandemic provided Rite Aid with a temporary boost in business through COVID vaccine sales, which in turn boosted sales of other items.

How old do you have to be to work at Rite Aid in NYC?

In order to be employed at Rite Aid, an individual must be at least 18 years of age. However, due to the sale of alcohol and tobacco products, a preference is given to candidates who are at least 21 years of age. Individuals under the age of 16 are prohibited from performing floor and stocking shelf work duties. Conversely, individuals aged 21 or above are permitted to serve as cashiers, provided they are assigned to handle alcohol and tobacco sales. It is typical for managers to prefer cashiers under the age of 21 in order to avoid any potential issues with the age of the cashier being below the legal age for sales.

What is the starting pay at Rite Aid in PA?

The mean hourly wage for a Customer Service Associate/Cashier position at Rite Aid in Pennsylvania is $8. 00, while the mean hourly wage for a Replenishment Associate position is $20. The average hourly rate for a Replenishment Associate is $59.