LIFESTYLE, NEWS, POLITICS

Shake Shack CEO: You have to pay a competitive wage to get best people, low turnover

March 27, 2014

Randy Garutti, the CEO of Shake Shack, joined Ari Rabin-Havt on The Agenda on SiriusXM Progress to explain how he’s breaking the stereotype of the typical fast food job: by creating a higher paying one.

Garutti explained why you have to pay a competitive wage in order to get the best people.

“It’s hard work working in restaurants,” Garutti said. “It’s often a first job. To get people to stay is hard in our business. So we know that if someone else is paying minimum wage, and we’re going to pay $10 or $11 an hour, it’s going to make a difference between who walks in the door, and how long they stay. We think by doing that, our team is just more motivated to be part of who we are.”

Shake Shack, which has locations in Florida, New Jersey, New York, Pennsylvania and Washington, D.C., in addition to international locations in the Middle East, Russia, Turkey and the United Kingdom, “offers full-time employees health, dental, vision, retirement, disability benefits and paid time off.”

For the full interview, visit www.siriusxm.com/ondemand.

The Agenda with Ari Rabin-Havt airs live weekdays, 6-9 am ET on SiriusXM Progress, channel 127.

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