Listen Now: Six-Figure Fast Food: Taco Bell’s Push To Attract Top Talent
Looking for a six figure salary? Head to your nearest Taco Bell.
The fast-food chain announced it will pay some restaurant managers a one hundred thousand dollar salary. Current salaries for general managers are between fifty and eighty thousand a year. The new model will be tested in select locations in the midwest and northeast.
In addition to higher paychecks the company is also testing a new role for employees who want leadership experience but not a management position. The company says it’s a way to keep good workers in a labor market that is becoming more competitive.
And it’s not the only company trying to stay on top of the game. Major retailers, Costco and Walmart are also offering a higher salary for management positions. But it’s not all about the money. In an effort to keep people coming through the doors, Taco Bell also announced a plan to make all customer packaging recyclable and provide more options for vegetarians.
But if that’s still not enough for you, consider In-n-Out. Managers there make one hundred and sixty thousand a year.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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