Costco reportedly has a tradition that gives workers the chance to win hundreds of dollars
- Costco has a game for employees to win cash when a new store opens.
- Participants are asked to put $1 in an envelope and predict how much money the new store will make on its first day of opening. The person who predicts closest to the correct amount wins all of the cash.
- Costco is widely regarded as one of the best retailers to work for.
Costco unveiled its latest store in Mount Pleasant, South Carolina, last week and to celebrate, CEO Craig Jelinek gave new workers the chance to win a little money on the side.
According to The Post and Courier, Costco has a tradition at store openings where employees are given the chance to win hundreds of dollars in a fun game. Any worker who wants to participate is asked to put $1 in an envelope and make an estimate of how much they think the new store will make in sales on the first day of opening.The employee who predicts closest to the correct amount wins all of the cash.
Costco did not immediately respond to Business Insider's request for more detail on where the tradition came from and whether it's offered at every store opening.
The winner at the Mount Pleasant store could have taken home as much as $220 based on payroll numbers, The Post and Courier wrote.
Costco is known for its perks. It's also considered to be one of the best retailers to work for. Earlier this year, Business Insider reported that Costco made Glassdoor's 2017 list of best places to work, and its CEO, Craig Jelinek, currently has a 92% approval rating on the site.
Out of Glassdoor's highest possible rating of five, compensation and benefits received a score of 4.3. Business Insider's Ashley Lutz reported that Costco paid its workers an average of $20.89 an hour.