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Discover The Wage Structure At Five And Below

Trends January 09, 2025

How much does Five and Below pay? With a starting wage of $15 per hour, Five and Below is a great place to start or continue your retail career!

Five and Below is a popular discount store chain in the United States. The company is known for its wide variety of merchandise, which includes everything from toys and games to home dcor and snacks. Five and Below has over 1,000 stores in 32 states, and it employs over 40,000 people.

The average hourly wage for Five and Below employees is $15.00. However, wages can vary depending on the employee's position and experience. For example, store managers typically earn more than cashiers, and employees with more experience typically earn more than those with less experience. Five and Below also offers a variety of benefits to its employees, including health insurance, paid time off, and a 401(k) plan.

If you're looking for a job in retail, Five and Below is a great option. The company offers competitive wages, a variety of benefits, and a fun and fast-paced work environment.

Here is a table with more information about Five and Below's pay and benefits:

Position	Average Hourly Wage
Cashier	$15.00
Sales Associate	$15.50
Store Manager	$20.00

Five and Below is a great place to work for people who are looking for a fun and fast-paced work environment. The company offers competitive wages, a variety of benefits, and opportunities for advancement.

How much does Five and Below pay?

Understanding the various dimensions of "how much does Five and Below pay" is crucial for job seekers and employees alike. Here are seven key aspects to consider:

Starting wage
Average hourly wage
Pay range
Benefits
Location
Experience
Position

The starting wage at Five and Below is $15 per hour. The average hourly wage is $15.50. The pay range varies depending on the position and experience of the employee. Five and Below offers a variety of benefits, including health insurance, paid time off, and a 401(k) plan. The company's benefits package is competitive with other retailers. Five and Below has over 1,000 stores in 32 states. The location of the store can impact the wage, as the cost of living varies from state to state. Employees with more experience typically earn more than those with less experience. This is because experienced employees are more valuable to the company. The position also impacts the wage. Store managers typically earn more than cashiers. This is because store managers have more responsibility and oversee the operations of the store.

1. Starting wage

The starting wage is the wage that an employee is paid when they first start working for a company. It is an important factor to consider when evaluating a job offer, as it can have a significant impact on your overall compensation. The starting wage is also a key component of "how much does Five and Below pay", as it is the foundation for future wage increases.

Five and Below's starting wage is $15 per hour. This is a competitive wage for retail employees, and it is higher than the federal minimum wage of $7.25 per hour. Five and Below's starting wage is also higher than the average starting wage for retail employees in many states.

The starting wage is an important factor to consider when evaluating a job offer from Five and Below. It is also important to consider the company's benefits package, which includes health insurance, paid time off, and a 401(k) plan. Five and Below's benefits package is competitive with other retailers, and it can add significant value to your overall compensation.

2. Average hourly wage

The average hourly wage is a key component of "how much does Five and Below pay". It is the average wage that employees are paid for each hour worked. This can vary depending on the employee's position, experience, and location. The average hourly wage is an important factor to consider when evaluating a job offer, as it can have a significant impact on your overall compensation.

Definition
The average hourly wage is the total wages paid to all employees divided by the total hours worked by all employees. It is a measure of the average amount of money that employees are paid for each hour of work.
Importance
The average hourly wage is an important factor to consider when evaluating a job offer. It can help you to determine whether the salary is competitive and whether it meets your financial needs. The average hourly wage can also be used to compare different job offers and to negotiate a higher salary.
Factors that affect the average hourly wage
The average hourly wage can vary depending on a number of factors, including the employee's position, experience, and location. Employees with more experience typically earn more than those with less experience. This is because experienced employees are more valuable to the company. The employee's position can also impact the average hourly wage. Store managers typically earn more than cashiers. This is because store managers have more responsibility and oversee the operations of the store. The location of the store can also impact the average hourly wage, as the cost of living varies from state to state.
How to increase your average hourly wage
There are a number of things that you can do to increase your average hourly wage. These include getting more experience, taking on more responsibility, and negotiating a higher salary. You can also increase your average hourly wage by working overtime or getting a part-time job.

The average hourly wage is an important factor to consider when evaluating a job offer from Five and Below. It is also important to consider the company's benefits package, which includes health insurance, paid time off, and a 401(k) plan. Five and Below's benefits package is competitive with other retailers, and it can add significant value to your overall compensation.

3. Pay range

Pay range is a crucial component of "how much does Five and Below pay". It refers to the minimum and maximum hourly wage that a company is willing to pay for a particular position. The pay range is determined by a number of factors, including the company's budget, the cost of living in the area, and the market rate for similar positions. Understanding the pay range is important for job seekers, as it can help them to determine whether a job is a good fit for their financial needs.

Five and Below's pay range for hourly employees is $15 to $20 per hour. This means that most employees can expect to earn between $15 and $20 per hour, depending on their position and experience. However, some employees may earn more or less than this range, depending on their individual circumstances.

For example, store managers typically earn more than cashiers. This is because store managers have more responsibility and oversee the operations of the store. Additionally, employees with more experience may earn more than those with less experience. This is because experienced employees are more valuable to the company.

Understanding the pay range is important for job seekers who are considering working for Five and Below. It can help them to determine whether the job is a good fit for their financial needs and career goals.

4. Benefits

Benefits are an important part of "how much does Five and Below pay". They can make up a significant portion of an employee's total compensation, and they can also have a big impact on an employee's quality of life. Five and Below offers a variety of benefits to its employees, including health insurance, paid time off, and a 401(k) plan.

Health insurance is an important benefit for employees. It can help to protect them from the financial costs of medical care. Five and Below offers health insurance to all of its employees, regardless of their position or hours worked. This is a valuable benefit, as health insurance can be expensive to purchase on the individual market.

Paid time off is another important benefit that Five and Below offers to its employees. Paid time off allows employees to take time off from work for vacation, sick days, or personal reasons. Five and Below offers paid time off to all of its employees, regardless of their position or hours worked. This is a valuable benefit, as it allows employees to take time off to rest and recharge without losing pay.

A 401(k) plan is a retirement savings plan that allows employees to save for their future. Five and Below offers a 401(k) plan to all of its employees, regardless of their position or hours worked. This is a valuable benefit, as it allows employees to save for retirement and reduce their tax liability.

The benefits that Five and Below offers to its employees are a valuable part of the company's compensation package. These benefits can help to protect employees from the financial costs of medical care, allow them to take time off from work without losing pay, and save for their future. When considering "how much does Five and Below pay", it is important to consider the value of the benefits that the company offers.

5. Location

The location of a Five and Below store can impact the wages paid to its employees. This is due to the varying costs of living in different areas. For example, employees in stores located in urban areas with a high cost of living may earn more than employees in stores located in rural areas with a lower cost of living.

Cost of living
The cost of living is a major factor that can affect wages. Employees who live in areas with a high cost of living may need to be paid more in order to afford basic necessities such as housing, food, and transportation. Five and Below takes the cost of living into account when setting wages for its employees.
Competition for labor
The competition for labor can also affect wages. In areas where there is a high demand for labor, employers may need to pay more in order to attract and retain qualified employees. Five and Below is one of many employers competing for labor in the retail industry. The company's wages are competitive with other retailers in the areas where it operates.
Taxes
Taxes can also affect wages. Employees who live in areas with high taxes may have less take-home pay than employees who live in areas with lower taxes. Five and Below withholds taxes from its employees' paychecks in accordance with federal, state, and local laws.
Minimum wage
The minimum wage is the lowest hourly wage that an employer is legally allowed to pay its employees. Five and Below pays its employees at least the minimum wage in all of the areas where it operates. In some areas, the minimum wage is higher than the federal minimum wage. Five and Below pays its employees the higher minimum wage in these areas.

The location of a Five and Below store is one of many factors that can affect the wages paid to its employees. By understanding the factors that affect wages, job seekers can make informed decisions about where they want to work.

6. Experience

Experience is a key factor that can affect how much Five and Below pays its employees. Employees with more experience are typically paid more than those with less experience. This is because experienced employees are more valuable to the company. They have a better understanding of the company's products and services, and they are more likely to be able to handle difficult situations. Experienced employees are also more likely to be able to work independently and with minimal supervision.

Length of experience
The length of an employee's experience can have a significant impact on their salary. Employees with more years of experience are typically paid more than those with less experience. This is because employees with more experience have had more time to develop their skills and knowledge.
Type of experience
The type of experience an employee has can also affect their salary. Employees with experience in management or specialized skills are typically paid more than those with experience in entry-level positions. This is because employees with specialized skills are more valuable to the company.
Industry experience
Employees with experience in the retail industry are typically paid more than those with experience in other industries. This is because employees with retail experience are more familiar with the company's products and services, and they are more likely to be able to handle difficult situations.
Education
Employees with a higher level of education are typically paid more than those with a lower level of education. This is because employees with a higher level of education have a better understanding of the company's products and services, and they are more likely to be able to handle difficult situations.

7. Position

The position an employee holds within Five and Below can significantly impact their salary. Different positions come with varying levels of responsibility, skill requirements, and experience, which are all taken into account when determining compensation.

Store Manager
Store managers are responsible for the overall operation of their store, including sales, customer service, inventory management, and staff supervision. They typically have several years of retail management experience and are well-versed in the company's policies and procedures. Store managers are typically paid the highest salaries among hourly employees.
Assistant Manager
Assistant managers assist the store manager with the day-to-day operations of the store. They are responsible for tasks such as opening and closing the store, managing the cash register, and providing customer service. Assistant managers typically have some retail experience and are familiar with the company's products and services. They are typically paid less than store managers but more than hourly associates.
Hourly Associate
Hourly associates are responsible for a variety of tasks, such as stocking shelves, assisting customers, and cleaning the store. They typically have little to no retail experience and are often entry-level employees. Hourly associates are typically paid the lowest salaries among all employees.

In addition to these three main positions, Five and Below also offers a variety of other positions, such as sales lead, customer service representative, and warehouse associate. The salary for these positions can vary depending on the specific role and responsibilities.

FAQs about "how much does Five and Below pay"

This section provides answers to frequently asked questions (FAQs) about how much Five and Below pays its employees. These FAQs are intended to provide clear and concise information to job seekers and employees alike.

Question 1: What is the starting wage at Five and Below?

Five and Below's starting wage is $15 per hour. This is higher than the federal minimum wage of $7.25 per hour and is competitive with other retailers.

Question 2: What is the average hourly wage at Five and Below?

The average hourly wage at Five and Below is $15.50. This may vary depending on the employee's position, experience, and location.

Question 3: What benefits does Five and Below offer its employees?

Five and Below offers a variety of benefits to its employees, including health insurance, paid time off, and a 401(k) plan. These benefits are competitive with other retailers and can add significant value to an employee's overall compensation.

Question 4: How can I increase my hourly wage at Five and Below?

There are several ways to increase your hourly wage at Five and Below. These include getting more experience, taking on more responsibility, and negotiating a higher salary. You can also increase your hourly wage by working overtime or getting a part-time job.

Question 5: What is the highest-paying position at Five and Below?

The highest-paying position at Five and Below is Store Manager. Store managers are responsible for the overall operation of their store and typically have several years of retail management experience. They are paid the highest salaries among hourly employees.

These are just a few of the most frequently asked questions about how much Five and Below pays its employees. For more information, please visit Five and Below's website or contact your local store.

Summary:

Five and Below's starting wage is $15 per hour.
The average hourly wage at Five and Below is $15.50.
Five and Below offers a variety of benefits to its employees, including health insurance, paid time off, and a 401(k) plan.
There are several ways to increase your hourly wage at Five and Below, including getting more experience, taking on more responsibility, and negotiating a higher salary.
The highest-paying position at Five and Below is Store Manager.

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This concludes our FAQs about "how much does Five and Below pay". We hope this information has been helpful. For more information about Five and Below, please visit their website or contact your local store.

Conclusion

In this article, we have explored the various dimensions of "how much does Five and Below pay". We have discussed the starting wage, average hourly wage, pay range, benefits, location, experience, and position. We have also answered some frequently asked questions about Five and Below's pay. We hope this information has been helpful.

Five and Below is a growing company with a strong commitment to its employees. The company offers competitive wages, a variety of benefits, and opportunities for advancement. If you are looking for a job in retail, Five and Below is a great option.