Current CEO: Larry J. Merlot
Consumer Value Stores, known as CVS Pharmacy, first opened its doors in 1963 selling health and beauty products in Lowell, Massachusetts. In 1967, CVS expanded into the healthcare industry with its first store locations with pharmacy departments in Rhode Island. Since then, CVS has become a leader in the retail and pharmacy industries with over 7,000 CVS/pharmacy stores nationwide and more than 560 minute clinics in 25 states. CVS was ranked 21st on the Fortune 500 in 2011. The company has an annual revenue of $96 billion. CVS Pharmacy headquarters is located in Woonsocket, RI.
The CVS Pharmacy culture incorporates core values and principles that are built on treating employees with integrity and respect. The company strives to maintain a diverse workplace where employees can share ideas and new perspectives on improving the customer experience within the stores.
CVS Pharmacy actively seeks new employees to join its team and regularly participates in recruiting events nationwide, such as industry conferences, college information sessions, college career fairs, community job fairs, open houses, and private organization events. As the largest employer of nurses and pharmacists, CVS also hosts several exhibits and events for the Minute Clinic to find new professionals in the healthcare industry.
Working at CVS can open many opportunities for employees who want to find new challenges and expand into different fields. CVS has many different business units for employees to seek new positions and learn new skills. The many CVS careers include customer service and administration, distribution, executive leadership, retail management, pharmaceutical, and nursing.
CVS acknowledges successful employees with its colleague recognition programs, such as its annual Paragon Awards and Chairman Awards ceremonies. Employees are praised for their contribution to their communities and for their daily efforts serving customers.
Eligibility for CVS Pharmacy benefits depends on whether the employee is full or part-time. The company offers a competitive compensation package that includes medical, dental, and vision coverage. Other benefits include education reimbursement, employee assistance programs, vacation/paid time off, and a 401(k). Employees are also eligible for professional development training, disability and life insurance, and discounts on store merchandise. Nurse practitioners and physician assistants are paid a competitive hourly rate and are offered convenient scheduling options based on full-time, regular part-time, and casual part-time. Also, in collaboration with the AARP, CVS promotes employment opportunities for mature workers age 55 and older.