In-N-Out Burger pays its employees really well.
Store managers earn an average yearly salary of more than $160,000, more than what the typical tech worker in Silicon Valley makes for the year.
High wages for fast-food workers can lead to increased productivity, less employee turnover, and bigger profits in the long run.
There’s a secret sauce to In-N-Out Burger’s success. It pays employees really well.
The West Coast burger sensation pays store managers an average yearly salary of more than $160,000, which is about triple the industry average, according to the latest California Sun newsletter. There is no college degree or previous management experience required.
To put this into perspective, tech workers in Silicon Valley earn on average $114,654 for the year, according to a survey from hiring platform Dice.
“In-N-Out is just eons above everybody else,” Saru Jayaraman, an advocate for restaurant workers in the Bay Area and director of the Food Labor Research Center at UC Berkeley, told California Sun’s Mike McPhate. “On wages and benefits, they really are the best large chain.”
Employees start at a higher-than-average salary of at least $13 an hour and have the opportunity to advance to six figures as a store …read more
Source:: Businessinsider – Technology
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