Current CEO: John Standley
The Rite Aid Corporation operates a chain of drugstores and is headquartered in East Pennsboro Township, Pennsylvania. The company is currently headed by CEO John Standley. Rite Aid was founded in 1962 as Thrif D Discount Center and became a publicly held company in 1968. Since that time, Rite Aid drugstores have operated across the United States. In addition to operating pharmacies, Rite Aid stores serve as general discount stores and carry a variety of regular and seasonal merchandise. Rite Aid has grown consistently as a company over the past fifty years, expanding into new markets and opening new stores on a regular basis.
Rite Aid operates in both major metropolitan areas and rural communities. In some areas, the drugstores serve as a key source of employment. Working at Rite Aid generally provides a stable career, especially for those employees working in management or as pharmacists and pharmacy technicians. Low turnover in management positions indicates that Rite Aid careers are valued by employees. Advancement to area or district management positions can take several years. In order to facilitate this process, the company offers training and support to employees who wish to pursue advancement opportunities.
The Rite Aid culture values both employees and customers. Upper management encourages employees to provide a high level of customer service. Pharmacy employees are also expected to have professional, courteous, and helpful interactions with all customers. The philosophy of the company is that fostering excellent customer relations will lead to a continued revenue stream. A continued revenue stream will lead to more opportunities for employees, especially those who wish to advance into management careers. Management careers at Rite Aid offer good job security and excellent incentives for managers who strive to meet and exceed company goals.
Eligible employees are offered a Rite Aid benefits package which includes medical and dental insurance and a vision discount plan. Employees may also be eligible for life insurance, paid holidays, vacation time, associate discounts, and a 401(k) program with an employer match. Employee compensation at Rite Aid can vary widely based on the states and municipalities in which stores are located.
Wages and salaries are generally commensurate with those of employees working at similarly sized drugstore chains. Fluctuations in the economy do affect corporations such as Rite Aid. While employee schedules are usually stable, occasional labor cut backs may require that employees work fewer hours than are offered on their regular schedule. Downtimes in this industry are usually balanced by the busy holiday season.
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