Coinstar has a network of 20,000 kiosks all over the world that will turn your loose change into much-needed cash. The company provides financial freedom for the large population who are underbanked. And that motto is represented by the 415 employees who thrive in the passionate work culture.
The 1991-company still has that scrappy, startup feel in that they're continuing to grow and try new things everyday. The culture there is so great that they have such a low turnover rate. In fact, most of their employees have been there since Day 1.
Because most of the people have been there for so long, every employee knows each other very well. It truly feels like a family of like-minded people working together as a team to make the right decisions. At Coinstar, their No. 1 priority is to make employees as happy as possible.
Talent Acquisition Leader Drew Stefan sat down with us at Zippia to explain why Coinstar is the best in the business.
From deciding what color the desk divider should be to making company changes, the leadership at Coinstar makes sure every employee feels involved in every process. "It's a culture where people can come in and make a difference as well," Stefan said.
Being employed at Coinstar is a tremendous opportunity for anyone hoping to divulge new ideas. At Coinstar you're able to expand your role and have a larger impact. "Everyone wants to feel like they're making a difference," Stefan said. "For employees at Coinstar, what they're doing at work is impactful."
The leadership at Coinstar is really open to hearing from employees about concerns or to answer any questions. Employees say the culture is very inviting and welcoming. "Everyone here cares about what we're doing and who they're doing it with," Stefan said. "We're all passionate about making sure we're doing it the right way."
From having bowling and video game nights to celebrating the FIFA Women's World Cup by watching the game during the work day, Coinstar knows what it takes to keep employees happy. They host annual parties, such as their Halloween party and the holiday party where employees participate in a cookie exchange and white elephant gift exchange. Every Pi day, March 14, they make sure to fill the office with pies. "We always make sure we're having fun," Stefan said.
Stefan remembered a time when one employee had an anniversary to celebrate so they filled the office with balloons. Another time, leadership gave employees a bunch of balloons to pop and the first one to pop the most in a certain amount of time won a prize. But that's not all. Every Wednesday the office is treated to waffles with as many toppings as you can think of. "We try to make our people as happy as possible," Stefan said.
In the office, there's a huge white board wall where people can write what they're grateful for throughout the week. At the end of the week, it's erased and they start again on Monday. So each week people are constantly reminded of what they're grateful for. The leadership at Coinstar want to make sure they're providing employees with only the best of the best. So, yes they do have seated and standing desks. "It's fantastic being able to stand up at my desk," Stefan said.
So, we know what you're thinking. Employees probably never want to go home because they're having so much fun at work, right? But that in itself is yet another perk. Coinstar's work/life balance is actually really great. Employees have a lot of flexibility of how long and when they work. Coinstar has a no questions asked policy where you can show up and leave as you see fit as long as the work is getting done. Some employees even work from home.
"We focus on making sure people don't work too many hours. We understand if you need to go to the doctor or pick up your kids from school," Stefan said.
The perks at Coinstar start immediately. They offer a 401K matching program as soon as you're hired and within your first year you're granted 4 weeks PTO. On top of that, they also have a donation matching program, which is a great opportunity to double any donations you make.
It feels like the list of benefits at Coinstar goes on forever. It's no wonder everyone loves working there.
In addition to the "I'm Grateful" wall in the office, they also have a values wall where Coinstar's values are written clearly to motivate each employee. The values are:
The culture of the company is greatly represented by these values. Stefan remembered a time when one of Coinstar's transportation trucks got into an accident. Since the truck had fallen on its side, there were coins all over the highway. "Two of our team members grabbed rakes and shovels right away and visited the accident site. They immediately started to help collect all of the coins off the highway," Stefan said. "People are very excited to help us achieve our goals."
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Coinstar Salaries By Job Title
On average, employees at Coinstar stay with the company for 3.3 years. Employees most commonly join Coinstar after leaving Microsoft. When they leave Coinstar, they most frequently get their next job at Microsoft.
|Average Length of Employment|
ASPECT TELECOM INT4.3 years
Redbox Automated Retail2.2 years
|Top Employers Before Coinstar|
|Top Employers After Coinstar|
Flow International6.8 %
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Paul Davis (Executive Officer)
Robert Sznewajs (Director)
Brian Turner (Executive Officer)
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