OfficeMax (NYSE: OMX), is an office supplies retailer that was founded in 1988 and is headquartered in Naperville, Illinois. As of 2011, it is the second largest office supplies retailer in the United States, behind Staples but ahead of Office Depot
Full-time associates may participate in our One Benefits Program, which includes medical, dental, vision, and disability benefits, life and accident insurance, flexible spending accounts, an employee assistance program, and a 401(k) savings plan. We also offer paid time off for our associates. Our program provides choice and flexibility.
Healthcare Benefits Employee Assistance Program
Flexible Spending Account The OfficeMax Savings Plan
Disability Benefits Your Time Off
Life and Accident Insurance Benefits
Healthcare Benefits
Medical. You can choose the medical benefit coverage according to your specific needs through three medical program options, including a consumer-driven plan. Each medical plan includes prescription drug benefits.
Dental. We offer a competitive dental plan that provides two provider networks, a low deductible, and coverage for most services. The plan pays a percentage for preventative care and major and minor restorative treatment after the deductible is paid
Vision. Our vision service plan has a network of more than 20,000 optometrists and ophthalmologists for you to choose from. This plan provides coverage for eye exams, glasses, contacts, and discounts on services from VSP providers.
Flexible Spending Account
This account allows associates a tax effective way to set aside fixed amounts of pre-tax pay to be used exclusively for health care and/or dependent care expenses. Associates decide how much to deposit on a pre-tax basis into each account. Associates must plan the amount to defer to the accounts carefully because any unused funds are forfeited if not used by the end of the year.
Disability Benefits
The One Benefits Program offers Short-Term Disability and company-paid Long-Term Disability coverage. These coverages offer financial support to you and your family if you're unable to work.
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Life and Accident Insurance Benefits
The One Benefits Program offers company-paid life and accident insurance. Associates can also purchase additional insurance for themselves and their family members.
Employee Assistance Program
OfficeMax provides an employee assistance program for associates and their family members for help resolving personal concerns. This confidential service puts associates in contact with experienced counselors ready to help.
The OfficeMax Savings Plan
Retirement savings are an important part of your total compensation package. Our plan will provide a foundation for your retirement savings goals. The plan offers choice, flexibility, and tax-deferred savings, which will help build a strong financial foundation to meet your needs during your retirement years.
Your Time Off
At OfficeMax, we understand the importance of a work/life balance for our associates. Therefore, we provide them with paid hours called "Your Time Off" (YTO) to use for vacation, personal, and sick days. Accrual of YTO is based on length of service with the company. Associates may carry over some YTO hours into the next calendar year.
OfficeMax is a relatively young company, employees describe the environment as "changing," "dynamic," and "growing". Growth is an oft-used word at OfficeMax; one employee comments that "you couldn't choose a stronger company financially. There are many opportunities due to the explosive growth of our company." However, with expansion comes growing pains. "The corporate culture is based on fear and blame," warns one insider. "There is very little support for the individual locations. You are left on your own to sink or swim and that is not something they want to hear. Their replenishment system of merchandise is extremely weak and not coordinated with their advertising."
NAPERVILLE, Ill., Sept. 12 /PRNewswire/ -- OfficeMax® Incorporated (NYSE: OMX) today announced the appointment of Carolynn Brooks as vice president, diversity and inclusion for OfficeMax. In this new role, Brooks will report directly to Sam Duncan, OfficeMax chairman and CEO. This appointment further demonstrates and strengthens OfficeMax's commitment to diversity and inclusion. In this new role, Brooks will be an internal and external business partner with focused responsibility on achieving an inclusive and diverse workforce. She will also ensure the company maintains ongoing representation in the community and in the marketplace.
"To achieve our goals, OfficeMax must understand, represent and serve the full breadth of the communities in which we conduct our business," said Sam Duncan, chairman and chief executive officer of OfficeMax. "By dedicating Carolynn's focus in this critical area, I am confident that we will gain greater insights and capabilities for ongoing success."
Brooks will develop the strategy and process to provide ongoing diversity and inclusion support for all company activities, including recruitment practices, employee retention and development programs, community relations activities and supplier programs. She has already established a diversity council within the company to accelerate collaboration and program execution.
"OfficeMax believes in the strength of diversity. We want to leverage that strength to help us achieve our business goals. My primary focus will be to ensure the culture of OfficeMax engages, embraces and empowers our associates and business partners to be the best they can be," said Brooks. "Accepting all differences, in age, background, education and beliefs, removes limits and allows even greater innovation in the solutions we can develop for our company and our customers."
Brooks joined OfficeMax in 2001 and has held the role of vice president, human resources, staffing and diversity.
OfficeMax recently piqued my interest when I noticed how much of an incredible run it has had off its 2009 lows. OfficeMax is a company that economists often look to for help in determining the health of small businesses. Apparently things are looking bright for small business, because the office supply chain had a rocking quarter.
Behind OfficeMax's stellar results is a cost-cutting initiative that involves closing underperforming stores and focusing advertising on customer retention. OfficeMax rejuvenated its gross margins back to 22.8% and nearly doubled analyst profit projections. OfficeMax is paying less to retain customers, which is always a plus, and it appears to be gaining some market share from rivals Office Depot
On April 1, 1988, OfficeMax was founded in Cleveland, Ohio, by Michael Feuer (who served as chairman and chief executive officer) along with seven other associates. On July 5, 1988, OfficeMax opened its first retail store in the Golden Gate Shopping Center in Mayfield Heights, Ohio; this location still remains open.
OfficeMax grew by acquisition with Office World first in November 1990 with Office World executive and Montgomery Ward becoming minority shareholders.[2] In 1990 Office Square stores were purchased from Kmart, in exchange for a 22% equity stake.[3] In 1991, Kmart increased its stake in OfficeMax to 92%.[4] In January 1992, OfficeMax acquired five sites from Highland Superstores in Boston. OW Office Warehouse, a Virginia-based regional chain, was acquired in June 30, 1992.[5] The company then acquired BizMart, its largest acquisition (104 stores) to date, in 1993 from Intelligent Electronics. [6] On August 16, 1993, Officemax joined Kmart and most of its other specialty stores in the "largest power center" in Utica, Michigan and joined by Best Buy]].[7] OfficeMax acquires a 19% stake in Corporate Express, a contract stationer.[8] In May 1994, Kmart put a plan in front of its stockholders to sell 20% to 30% of each of its specialty store subsidiaries shares on the open market to pay down debt and fund future expansion of the subsidiaries.[9] Kmart's shareholders turn down the proposal at their June 3 annual meeting.[10] In November 1994, FurnitureMax store within a store concept begins testing in the Ceveland market.[11] In 1995, Kmart sold off 51% of OfficeMax shares, spinning off the company and became a NYSE-(OMX)-publicly-traded corporation, based in Shaker Heights, Ohio.
Full-time associates may participate in our One Benefits Program, which includes medical, dental, vision, and disability benefits, life and accident insurance, flexible spending accounts, an employee assistance program, and a 401(k) savings plan. We also offer paid time off for our associates. Our program provides choice and flexibility.
Healthcare Benefits Employee Assistance Program
Flexible Spending Account The OfficeMax Savings Plan
Disability Benefits Your Time Off
Life and Accident Insurance Benefits
Healthcare Benefits
Medical. You can choose the medical benefit coverage according to your specific needs through three medical program options, including a consumer-driven plan. Each medical plan includes prescription drug benefits.
Dental. We offer a competitive dental plan that provides two provider networks, a low deductible, and coverage for most services. The plan pays a percentage for preventative care and major and minor restorative treatment after the deductible is paid
Vision. Our vision service plan has a network of more than 20,000 optometrists and ophthalmologists for you to choose from. This plan provides coverage for eye exams, glasses, contacts, and discounts on services from VSP providers.
Flexible Spending Account
This account allows associates a tax effective way to set aside fixed amounts of pre-tax pay to be used exclusively for health care and/or dependent care expenses. Associates decide how much to deposit on a pre-tax basis into each account. Associates must plan the amount to defer to the accounts carefully because any unused funds are forfeited if not used by the end of the year.
Disability Benefits
The One Benefits Program offers Short-Term Disability and company-paid Long-Term Disability coverage. These coverages offer financial support to you and your family if you're unable to work.
Return To Top
Life and Accident Insurance Benefits
The One Benefits Program offers company-paid life and accident insurance. Associates can also purchase additional insurance for themselves and their family members.
Employee Assistance Program
OfficeMax provides an employee assistance program for associates and their family members for help resolving personal concerns. This confidential service puts associates in contact with experienced counselors ready to help.
The OfficeMax Savings Plan
Retirement savings are an important part of your total compensation package. Our plan will provide a foundation for your retirement savings goals. The plan offers choice, flexibility, and tax-deferred savings, which will help build a strong financial foundation to meet your needs during your retirement years.
Your Time Off
At OfficeMax, we understand the importance of a work/life balance for our associates. Therefore, we provide them with paid hours called "Your Time Off" (YTO) to use for vacation, personal, and sick days. Accrual of YTO is based on length of service with the company. Associates may carry over some YTO hours into the next calendar year.
OfficeMax is a relatively young company, employees describe the environment as "changing," "dynamic," and "growing". Growth is an oft-used word at OfficeMax; one employee comments that "you couldn't choose a stronger company financially. There are many opportunities due to the explosive growth of our company." However, with expansion comes growing pains. "The corporate culture is based on fear and blame," warns one insider. "There is very little support for the individual locations. You are left on your own to sink or swim and that is not something they want to hear. Their replenishment system of merchandise is extremely weak and not coordinated with their advertising."
NAPERVILLE, Ill., Sept. 12 /PRNewswire/ -- OfficeMax® Incorporated (NYSE: OMX) today announced the appointment of Carolynn Brooks as vice president, diversity and inclusion for OfficeMax. In this new role, Brooks will report directly to Sam Duncan, OfficeMax chairman and CEO. This appointment further demonstrates and strengthens OfficeMax's commitment to diversity and inclusion. In this new role, Brooks will be an internal and external business partner with focused responsibility on achieving an inclusive and diverse workforce. She will also ensure the company maintains ongoing representation in the community and in the marketplace.
"To achieve our goals, OfficeMax must understand, represent and serve the full breadth of the communities in which we conduct our business," said Sam Duncan, chairman and chief executive officer of OfficeMax. "By dedicating Carolynn's focus in this critical area, I am confident that we will gain greater insights and capabilities for ongoing success."
Brooks will develop the strategy and process to provide ongoing diversity and inclusion support for all company activities, including recruitment practices, employee retention and development programs, community relations activities and supplier programs. She has already established a diversity council within the company to accelerate collaboration and program execution.
"OfficeMax believes in the strength of diversity. We want to leverage that strength to help us achieve our business goals. My primary focus will be to ensure the culture of OfficeMax engages, embraces and empowers our associates and business partners to be the best they can be," said Brooks. "Accepting all differences, in age, background, education and beliefs, removes limits and allows even greater innovation in the solutions we can develop for our company and our customers."
Brooks joined OfficeMax in 2001 and has held the role of vice president, human resources, staffing and diversity.
OfficeMax recently piqued my interest when I noticed how much of an incredible run it has had off its 2009 lows. OfficeMax is a company that economists often look to for help in determining the health of small businesses. Apparently things are looking bright for small business, because the office supply chain had a rocking quarter.
Behind OfficeMax's stellar results is a cost-cutting initiative that involves closing underperforming stores and focusing advertising on customer retention. OfficeMax rejuvenated its gross margins back to 22.8% and nearly doubled analyst profit projections. OfficeMax is paying less to retain customers, which is always a plus, and it appears to be gaining some market share from rivals Office Depot
On April 1, 1988, OfficeMax was founded in Cleveland, Ohio, by Michael Feuer (who served as chairman and chief executive officer) along with seven other associates. On July 5, 1988, OfficeMax opened its first retail store in the Golden Gate Shopping Center in Mayfield Heights, Ohio; this location still remains open.
OfficeMax grew by acquisition with Office World first in November 1990 with Office World executive and Montgomery Ward becoming minority shareholders.[2] In 1990 Office Square stores were purchased from Kmart, in exchange for a 22% equity stake.[3] In 1991, Kmart increased its stake in OfficeMax to 92%.[4] In January 1992, OfficeMax acquired five sites from Highland Superstores in Boston. OW Office Warehouse, a Virginia-based regional chain, was acquired in June 30, 1992.[5] The company then acquired BizMart, its largest acquisition (104 stores) to date, in 1993 from Intelligent Electronics. [6] On August 16, 1993, Officemax joined Kmart and most of its other specialty stores in the "largest power center" in Utica, Michigan and joined by Best Buy]].[7] OfficeMax acquires a 19% stake in Corporate Express, a contract stationer.[8] In May 1994, Kmart put a plan in front of its stockholders to sell 20% to 30% of each of its specialty store subsidiaries shares on the open market to pay down debt and fund future expansion of the subsidiaries.[9] Kmart's shareholders turn down the proposal at their June 3 annual meeting.[10] In November 1994, FurnitureMax store within a store concept begins testing in the Ceveland market.[11] In 1995, Kmart sold off 51% of OfficeMax shares, spinning off the company and became a NYSE-(OMX)-publicly-traded corporation, based in Shaker Heights, Ohio.
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