Monday, May 10, 2021

"Chipotle to hike wages, offer up to $750 in referral bonuses in attempt to hire 20,000 workers" (CMG)

From NBC via MSN:

As the labor market heats up, Chipotle Mexican Grill announced Monday it is raising pay for restaurant workers, reaching an average of $15 an hour by the end of June.

The company has also introduced employee referral bonuses of $200 for crew members and $750 for apprentices or general managers, as it looks to recruit 20,000 new workers across the country to support its peak season and new restaurant openings.

The pay hike for new and existing restaurant workers, both hourly and salaried, will roll out over the next few weeks, with hourly crew wages starting in the range of $11 to $18 per hour. There are also opportunities to advance to a restaurateur position, which is the highest-ranking general manager, with average compensation of $100,000 a year, Chipotle said, in as little as 3½ years.

In an interview with CNBC, Chipotle CEO Brian Niccol said the current labor market is among the most challenging he has seen in his career in the restaurant industry. In this environment, the company hopes to convey the opportunities that exist for growth within the brand....