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Hey McDonald's! This Fast Food Restaurant Pays Employees $10 An Hour And Is Wildly Successful -
When did it become acceptable for employers to shit on their help? And, why? What does it get for them?
Cool artwork at the link.
Boloco is a Boston-based burrito place with 23 locations in New England from Burlington, VT down to Washington, D.C., with most in and around Boston. If you go to Yelp, youll see mostly 4-star reviews of its burrito and smoothie menu. Its very popular among the college crowd, which CEO John Pepper has taken advantage of with many outlets near New England universities. The story of what began as Under Wraps in 1997 is one of good business based on healthy food and treating employees well. Some of the highlights over the years include:
Adding a smaller-sized burrito despite the negative effect on profitability, which now regularly outsells the large size.
Offering Health Insurance to all full-time and most part-time employees.
Offering a Simple IRA plan for all full-time and most part-time employees.
Rounding after tax prices to end with a 5″ or 0″ to eliminate pennies, saving time.
Offering English and Spanish Berlitz lessons to facilitate employee communications.
Putting a moratorium on new locations until current ones become profitable.
Making employees eligible for performance-based bonus plans.
Offering a dental plan to all full-time and most part-time employees.
Regular donations of $20,000 per year to a community food bank.
Instituting a speaker series for management.
Going green with all-natural meats, organic cotton uniforms, recycling, replacing Styrofoam cups
Hiring a company artist and hanging his paintings of local areas in stores. (source)
But the biggest difference between Boloco and other fast food spots is the salary earned by employees. Pay begins at $9 an hour and goes up to $17 an hour for managers. The average salary at Boloco is $10 an hour. Thats around $3 more than most places.
Read more: Hey McDonald's! This Fast Food Restaurant Pays Employees $10 An Hour And Is Wildly Successful -
When did it become acceptable for employers to shit on their help? And, why? What does it get for them?
Cool artwork at the link.